ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Rating Lowered to “Hold” at StockNews.com

ChipMOS TECHNOLOGIES (NASDAQ:IMOSGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

ChipMOS TECHNOLOGIES Price Performance

IMOS stock opened at $20.78 on Tuesday. The firm has a 50 day simple moving average of $19.08 and a two-hundred day simple moving average of $21.75. The stock has a market cap of $755.56 million, a PE ratio of 14.53 and a beta of 0.86. ChipMOS TECHNOLOGIES has a one year low of $17.70 and a one year high of $32.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72.

ChipMOS TECHNOLOGIES (NASDAQ:IMOSGet Free Report) last released its earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The business had revenue of $191.70 million for the quarter.

ChipMOS TECHNOLOGIES announced that its Board of Directors has initiated a stock buyback program on Tuesday, January 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ChipMOS TECHNOLOGIES stock. Blue Trust Inc. lifted its holdings in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOSFree Report) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,429 shares of the semiconductor company’s stock after purchasing an additional 1,440 shares during the period. Blue Trust Inc.’s holdings in ChipMOS TECHNOLOGIES were worth $221,000 as of its most recent filing with the SEC. Institutional investors own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

(Get Free Report)

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.

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