ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Up – Still a Buy?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $18.35, but opened at $19.15. ChipMOS TECHNOLOGIES shares last traded at $19.15, with a volume of 2,466 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a report on Friday.

ChipMOS TECHNOLOGIES Trading Down 1.3 %

The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $681.06 million, a P/E ratio of 13.10 and a beta of 0.86. The business has a 50 day moving average of $20.66 and a 200-day moving average of $23.16.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Several hedge funds and other institutional investors have recently modified their holdings of IMOS. Blue Trust Inc. boosted its position in shares of ChipMOS TECHNOLOGIES by 18.0% during the third 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. Ballentine Partners LLC lifted its stake in ChipMOS TECHNOLOGIES by 20.2% in 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 in the last quarter. Caprock Group LLC bought a new stake in ChipMOS TECHNOLOGIES in the 2nd quarter valued at approximately $441,000. Finally, Vanguard Personalized Indexing Management LLC boosted its position in 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 acquiring an additional 2,319 shares during the last quarter. 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.