ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Large Volume Increase – What’s Next?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) saw unusually-strong trading volume on Friday . Approximately 26,892 shares were traded during trading, an increase of 13% from the previous session’s volume of 23,860 shares.The stock last traded at $18.27 and had previously closed at $18.65.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Price Performance

The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is $19.31 and its 200-day moving average price is $20.70. The company has a market cap of $679.97 million, a PE ratio of 13.08 and a beta of 0.90.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its quarterly earnings results on Tuesday, February 25th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $164.70 million during the quarter, compared to the consensus estimate of $175.60 million. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS.

ChipMOS TECHNOLOGIES declared that its board has approved a share repurchase program on Tuesday, January 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its holdings in ChipMOS TECHNOLOGIES by 34.8% in the fourth quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 826 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of ChipMOS TECHNOLOGIES by 761.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 3,609 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of ChipMOS TECHNOLOGIES by 1,000.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 5,000 shares during the period. Bank of America Corp DE boosted its holdings in shares of ChipMOS TECHNOLOGIES by 8.6% during the fourth quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 679 shares during the period. Finally, XY Capital Ltd acquired a new position in shares of ChipMOS TECHNOLOGIES during the fourth quarter valued at $189,000. Institutional investors and hedge funds 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.