ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Trading Down 3.5% – Should You Sell?

Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) fell 3.5% during mid-day trading on Wednesday . The stock traded as low as $18.36 and last traded at $17.98. 21,093 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 19,620 shares. The stock had previously closed at $18.63.

Wall Street Analyst Weigh In

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

ChipMOS TECHNOLOGIES Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. The firm has a market cap of $679.24 million, a price-to-earnings ratio of 13.06 and a beta of 0.90. The business’s 50 day moving average price is $19.23 and its 200 day moving average price is $20.40.

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

ChipMOS TECHNOLOGIES declared that its board has authorized 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 often a sign that the company’s management believes its stock is undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

Several institutional investors have recently bought and sold shares of the business. Parvin Asset Management LLC purchased a new position in shares of ChipMOS TECHNOLOGIES during the 4th quarter valued at approximately $505,000. ABC Arbitrage SA purchased a new position in ChipMOS TECHNOLOGIES during the fourth quarter valued at $393,000. XY Capital Ltd purchased a new position in ChipMOS TECHNOLOGIES during the fourth quarter valued at $189,000. Tower Research Capital LLC TRC grew its position in shares of ChipMOS TECHNOLOGIES by 1,000.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 5,000 shares during the period. Finally, JPMorgan Chase & Co. increased its stake 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 worth $77,000 after purchasing an additional 3,609 shares in 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.