ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Downgraded 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 report released on Friday morning.

ChipMOS TECHNOLOGIES Stock Up 2.0 %

Shares of NASDAQ:IMOS opened at $19.11 on Friday. 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 company’s 50-day moving average price is $20.51 and its two-hundred day moving average price is $23.05. ChipMOS TECHNOLOGIES has a 12 month low of $18.20 and a 12 month high of $32.19. The firm has a market cap of $694.88 million, a P/E ratio of 13.36 and a beta of 0.86.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Several institutional investors and hedge funds have recently added to or reduced their stakes in IMOS. Blue Trust Inc. grew 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 worth $221,000 after buying an additional 1,440 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in ChipMOS TECHNOLOGIES by 4.4% in the second 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 during the last quarter. Ballentine Partners LLC raised its position in shares of ChipMOS TECHNOLOGIES by 20.2% during 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 during the last quarter. Finally, Caprock Group LLC bought a new stake in shares of ChipMOS TECHNOLOGIES during the 2nd quarter valued at $441,000. 7.39% of the stock is owned by institutional investors.

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.