ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Large Volume Increase – Should You Buy?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares saw unusually-high trading volume on Friday . Approximately 42,508 shares were traded during mid-day trading, an increase of 71% from the previous session’s volume of 24,839 shares.The stock last traded at $20.70 and had previously closed at $20.72.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a report on Tuesday.

ChipMOS TECHNOLOGIES Trading Down 0.1 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72. The company has a market capitalization of $752.65 million, a price-to-earnings ratio of 14.48 and a beta of 0.86. The business has a fifty day moving average price of $19.11 and a 200 day moving average price of $21.74.

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

ChipMOS TECHNOLOGIES announced that its board has authorized a stock buyback plan on Tuesday, January 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

A hedge fund recently raised its stake in ChipMOS TECHNOLOGIES stock. Ballentine Partners LLC increased its position in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 20.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,547 shares of the semiconductor company’s stock after purchasing an additional 2,611 shares during the period. Ballentine Partners LLC’s holdings in ChipMOS TECHNOLOGIES were worth $364,000 at the end of the most recent reporting period. Institutional investors own 7.39% of the company’s stock.

About ChipMOS TECHNOLOGIES

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.