ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Down to $31.41

Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) gapped down prior to trading on Tuesday . The stock had previously closed at $31.41, but opened at $30.54. ChipMOS TECHNOLOGIES shares last traded at $30.35, with a volume of 3,248 shares traded.

ChipMOS TECHNOLOGIES Price Performance

The firm’s fifty day moving average price is $28.73 and its 200 day moving average price is $26.43. The company has a quick ratio of 2.77, a current ratio of 3.20 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1.14 billion, a PE ratio of 18.92 and a beta of 0.91.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $187.00 million for the quarter, compared to the consensus estimate of $175.31 million. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.66%. ChipMOS TECHNOLOGIES’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

A number of hedge funds have recently bought and sold shares of IMOS. BlackRock Inc. grew its holdings in shares of ChipMOS TECHNOLOGIES by 17.7% in the first quarter. BlackRock Inc. now owns 98,198 shares of the semiconductor company’s stock worth $3,489,000 after purchasing an additional 14,773 shares during the last quarter. LSV Asset Management increased its holdings in ChipMOS TECHNOLOGIES by 65.9% in the 1st quarter. LSV Asset Management now owns 6,800 shares of the semiconductor company’s stock worth $242,000 after buying an additional 2,700 shares during the period. Renaissance Group LLC grew its stake in shares of ChipMOS TECHNOLOGIES by 7.3% during the 1st quarter. Renaissance Group LLC now owns 32,696 shares of the semiconductor company’s stock worth $1,162,000 after purchasing an additional 2,235 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of ChipMOS TECHNOLOGIES during the 1st quarter worth approximately $241,000. Finally, Evergreen Capital Management LLC grew its stake in shares of ChipMOS TECHNOLOGIES by 13.9% during the 1st quarter. Evergreen Capital Management LLC now owns 6,812 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 833 shares during the period. Hedge funds and other institutional investors 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.