StockNews.com Downgrades ChipMOS TECHNOLOGIES (NASDAQ:IMOS) to Hold

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

ChipMOS TECHNOLOGIES Stock Performance

Shares of IMOS stock opened at $20.78 on Tuesday. The company has a market capitalization of $755.56 million, a P/E ratio of 14.53 and a beta of 0.86. ChipMOS TECHNOLOGIES has a fifty-two week low of $17.70 and a fifty-two week high of $32.19. 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 stock has a 50 day moving average price of $19.08 and a two-hundred day moving average price of $21.75.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 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%.

ChipMOS TECHNOLOGIES announced that its board has initiated a stock buyback program on Tuesday, January 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ChipMOS TECHNOLOGIES stock. Blue Trust Inc. grew its holdings in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 18.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,429 shares of the semiconductor company’s stock after buying an additional 1,440 shares during the period. Blue Trust Inc.’s holdings in ChipMOS TECHNOLOGIES were worth $221,000 as of its most recent SEC filing. 7.39% of the stock is owned by hedge funds and other institutional investors.

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.