StockNews.com Downgrades ChipMOS TECHNOLOGIES (NASDAQ:IMOS) to Hold

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

ChipMOS TECHNOLOGIES Stock Up 1.4 %

Shares of NASDAQ:IMOS traded up $0.29 on Thursday, reaching $21.61. 17,316 shares of the company’s stock were exchanged, compared to its average volume of 18,580. The firm has a market capitalization of $785.74 million, a price-to-earnings ratio of 12.94 and a beta of 0.91. The business’s 50-day moving average is $22.65 and its two-hundred day moving average is $24.82. ChipMOS TECHNOLOGIES has a fifty-two week low of $20.38 and a fifty-two week high of $32.19.

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 for the quarter. ChipMOS TECHNOLOGIES had a net margin of 8.67% and a return on equity of 7.72%.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in ChipMOS TECHNOLOGIES during the first quarter worth $42,000. HBK Sorce Advisory LLC acquired a new stake in shares of ChipMOS TECHNOLOGIES in the 1st quarter valued at $201,000. Blue Trust Inc. lifted its position in ChipMOS TECHNOLOGIES by 49,831.3% during the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after buying an additional 7,973 shares in the last quarter. Ballentine Partners LLC lifted its position in ChipMOS TECHNOLOGIES by 20.2% during the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 2,611 shares during the period. Finally, Caprock Group LLC acquired a new position in ChipMOS TECHNOLOGIES during the 2nd quarter valued at about $441,000. 7.39% of the stock is currently owned by institutional investors and hedge funds.

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.