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

StockNews.com downgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

ChipMOS TECHNOLOGIES Price Performance

IMOS stock traded down $0.95 during trading hours on Thursday, reaching $20.66. 20,884 shares of the stock were exchanged, compared to its average volume of 18,591. The firm’s 50-day moving average is $22.65 and its 200-day moving average is $24.82. The company has a market cap of $751.24 million, a price-to-earnings ratio of 14.69 and a beta of 0.91. ChipMOS TECHNOLOGIES has a 12 month low of $20.38 and a 12 month high of $32.19.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $191.70 million during the quarter. ChipMOS TECHNOLOGIES had a return on equity of 7.72% and a net margin of 8.67%.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Several hedge funds have recently modified their holdings of the stock. Ballentine Partners LLC grew its holdings in shares of ChipMOS TECHNOLOGIES by 20.2% in the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after acquiring an additional 2,611 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of ChipMOS TECHNOLOGIES by 18.0% in the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after acquiring an additional 1,440 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of 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 valued at $1,431,000 after acquiring an additional 2,319 shares in the last quarter. Caprock Group LLC bought a new position in shares of ChipMOS TECHNOLOGIES in the 2nd quarter valued at about $441,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of ChipMOS TECHNOLOGIES by 1.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock valued at $3,605,000 after acquiring an additional 1,592 shares in the last quarter. 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.