ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sets New 52-Week Low – Here’s What Happened

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares hit a new 52-week low during trading on Friday . The stock traded as low as $18.11 and last traded at $18.13, with a volume of 22772 shares traded. The stock had previously closed at $18.68.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

ChipMOS TECHNOLOGIES Stock Performance

The stock has a 50 day moving average price of $19.48 and a two-hundred day moving average price of $22.18. 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 $659.24 million, a price-to-earnings ratio of 12.68 and a beta of 0.86.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share 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 during the quarter.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Several hedge funds and other institutional investors have recently made changes to their positions in IMOS. Vanguard Personalized Indexing Management LLC raised its stake in shares of ChipMOS TECHNOLOGIES by 4.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after buying an additional 2,319 shares during the last quarter. Ballentine Partners LLC grew its holdings in ChipMOS TECHNOLOGIES by 20.2% during the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 2,611 shares during the period. Finally, Blue Trust Inc. raised its position in shares of ChipMOS TECHNOLOGIES by 18.0% during 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 during the last quarter. 7.39% of the stock is 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.