ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Up – Should You Buy?

Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) gapped up before the market opened on Tuesday . The stock had previously closed at $18.24, but opened at $19.00. ChipMOS TECHNOLOGIES shares last traded at $18.57, with a volume of 6,141 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Tuesday.

ChipMOS TECHNOLOGIES Stock Up 4.7 %

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 50-day moving average price of $19.08 and a 200 day moving average price of $21.81. The company has a market cap of $694.48 million, a price-to-earnings ratio of 13.36 and a beta of 0.86.

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

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its position in 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. Ballentine Partners LLC increased its holdings in ChipMOS TECHNOLOGIES by 11.6% during the fourth quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company’s stock worth $327,000 after buying an additional 1,801 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of ChipMOS TECHNOLOGIES by 4.4% during 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 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.