ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Reaches New 12-Month Low – Here’s What Happened

Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.69 and last traded at $17.67, with a volume of 18697 shares. The stock had previously closed at $17.78.

Analyst Upgrades and Downgrades

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

ChipMOS TECHNOLOGIES Stock Down 1.7 %

The stock has a fifty day moving average price of $19.29 and a 200-day moving average price of $20.64. 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 $635.61 million, a PE ratio of 12.22 and a beta of 0.90.

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

ChipMOS TECHNOLOGIES announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

Institutional investors and hedge funds have recently bought and sold shares of the company. ABC Arbitrage SA bought a new position in shares of ChipMOS TECHNOLOGIES during the fourth quarter valued at approximately $393,000. Rhumbline Advisers boosted its position in ChipMOS TECHNOLOGIES by 5.3% during the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company’s stock valued at $624,000 after purchasing an additional 1,680 shares during the period. Lindbrook Capital LLC boosted its position in ChipMOS TECHNOLOGIES by 34.8% during the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 826 shares during the period. XY Capital Ltd bought a new position in ChipMOS TECHNOLOGIES during the 4th quarter worth $189,000. Finally, Ballentine Partners LLC increased its position in ChipMOS TECHNOLOGIES by 11.6% in 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 period. Institutional investors and hedge funds 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.