ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Down to $28.03

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $28.03, but opened at $27.31. ChipMOS TECHNOLOGIES shares last traded at $27.50, with a volume of 1,870 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th.

ChipMOS TECHNOLOGIES Trading Up 0.7 %

The company has a quick ratio of 3.04, a current ratio of 3.38 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $29.02 and a 200 day moving average price of $27.73. The company has a market capitalization of $999.54 million, a P/E ratio of 14.86 and a beta of 0.95.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $169.70 million during the quarter, compared to analysts’ expectations of $163.30 million. ChipMOS TECHNOLOGIES had a net margin of 9.62% and a return on equity of 8.60%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Several hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC lifted its stake in shares of ChipMOS TECHNOLOGIES by 1.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock worth $3,605,000 after buying an additional 1,592 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in shares of ChipMOS TECHNOLOGIES in the first quarter worth $201,000. BNP Paribas Financial Markets bought a new stake in ChipMOS TECHNOLOGIES during the first quarter worth about $42,000. JNBA Financial Advisors bought a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at about $31,000. Finally, Ballentine Partners LLC raised its position in ChipMOS TECHNOLOGIES by 47.6% during the first quarter. Ballentine Partners LLC now owns 13,480 shares of the semiconductor company’s stock valued at $424,000 after purchasing an additional 4,348 shares in the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, 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.