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

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

ChipMOS TECHNOLOGIES Stock Up 2.0 %

IMOS stock opened at $19.11 on Friday. The company’s 50 day moving average is $20.51 and its 200 day moving average is $23.08. The stock has a market cap of $694.88 million, a price-to-earnings ratio of 13.36 and a beta of 0.86. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. ChipMOS TECHNOLOGIES has a 1-year low of $18.20 and a 1-year high of $32.19.

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

Institutional Trading of ChipMOS TECHNOLOGIES

A number of hedge funds have recently bought and sold shares of IMOS. Caprock Group LLC purchased a new position in shares of ChipMOS TECHNOLOGIES during the second quarter worth approximately $441,000. Vanguard Personalized Indexing Management LLC raised its position in ChipMOS TECHNOLOGIES by 4.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after purchasing an additional 2,319 shares during the period. Blue Trust Inc. boosted its position in ChipMOS TECHNOLOGIES by 18.0% during the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 1,440 shares during the period. Finally, Ballentine Partners LLC grew its stake in shares of ChipMOS TECHNOLOGIES by 20.2% during the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after buying an additional 2,611 shares during the last quarter. 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.