ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Hits New 12-Month Low – Here’s Why

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $17.21 and last traded at $17.24, with a volume of 2241 shares changing hands. The stock had previously closed at $17.64.

Analysts Set New Price Targets

Separately, StockNews.com lowered ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a report on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Stock Performance

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 firm has a market capitalization of $613.79 million, a PE ratio of 11.80 and a beta of 0.90. The company’s fifty day simple moving average is $19.17 and its 200 day simple moving average is $20.12.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, February 25th. The semiconductor company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The business had revenue of $164.70 million during the quarter, compared to the consensus estimate of $175.60 million. During the same period last year, the business posted $0.43 earnings per share. The firm’s quarterly revenue was down 5.7% on a year-over-year basis.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its position in shares of ChipMOS TECHNOLOGIES by 34.8% during the fourth quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 826 shares during the period. JPMorgan Chase & Co. grew its stake in ChipMOS TECHNOLOGIES by 761.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 3,609 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in ChipMOS TECHNOLOGIES by 1,000.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 5,000 shares during the period. Bank of America Corp DE lifted its stake in ChipMOS TECHNOLOGIES by 8.6% in the 4th quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 679 shares in the last quarter. Finally, XY Capital Ltd purchased a new stake in ChipMOS TECHNOLOGIES in the 4th quarter worth approximately $189,000. Hedge funds and other institutional investors own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

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.