ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Stock Passes Above 200 Day Moving Average of $27.85

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOSGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.85 and traded as high as $27.94. ChipMOS TECHNOLOGIES shares last traded at $27.35, with a volume of 16,560 shares.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES Stock Performance

The company has a 50-day simple moving average of $28.81 and a two-hundred day simple moving average of $27.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.04 and a current ratio of 3.38. The firm has a market capitalization of $994.45 million, a P/E ratio of 14.78 and a beta of 0.95.

ChipMOS TECHNOLOGIES (NASDAQ:IMOSGet Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $163.30 million. ChipMOS TECHNOLOGIES had a return on equity of 8.60% and a net margin of 9.62%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Several large investors have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 16.6% during the third quarter. Acadian Asset Management LLC now owns 188,227 shares of the semiconductor company’s stock valued at $4,324,000 after purchasing an additional 26,843 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in ChipMOS TECHNOLOGIES by 1.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock worth $3,605,000 after acquiring an additional 1,592 shares during the last quarter. Renaissance Group LLC raised its holdings in ChipMOS TECHNOLOGIES by 6.7% in the 4th quarter. Renaissance Group LLC now owns 105,227 shares of the semiconductor company’s stock worth $2,863,000 after acquiring an additional 6,581 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in ChipMOS TECHNOLOGIES by 19.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 55,068 shares of the semiconductor company’s stock worth $1,269,000 after acquiring an additional 9,026 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in ChipMOS TECHNOLOGIES by 9.2% in the 4th quarter. Quadrant Capital Group LLC now owns 40,751 shares of the semiconductor company’s stock worth $1,109,000 after acquiring an additional 3,445 shares during the last quarter. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

ChipMOS TECHNOLOGIES Company Profile

(Get Free Report)

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.

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