ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Share Price Passes Above 200-Day Moving Average of $27.27

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.27 and traded as high as $28.70. ChipMOS TECHNOLOGIES shares last traded at $28.40, with a volume of 16,951 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 11th.

ChipMOS TECHNOLOGIES Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.54, a current ratio of 3.38 and a quick ratio of 3.04. The firm has a 50-day moving average of $29.62 and a 200 day moving average of $27.27. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 17.21 and a beta of 0.92.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.62%. The business had revenue of $187.00 million during the quarter, compared to analysts’ expectations of $175.31 million. During the same period last year, the business earned $0.22 earnings per share. The firm’s revenue was up 22.2% on a year-over-year basis.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC lifted its stake in shares of ChipMOS TECHNOLOGIES by 28.8% during the 3rd quarter. Lindbrook Capital LLC now owns 3,157 shares of the semiconductor company’s stock worth $73,000 after buying an additional 705 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of ChipMOS TECHNOLOGIES by 36.3% during the third quarter. EverSource Wealth Advisors LLC now owns 3,250 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 865 shares during the period. Signaturefd LLC lifted its holdings in ChipMOS TECHNOLOGIES by 4.7% during the 3rd quarter. Signaturefd LLC now owns 20,799 shares of the semiconductor company’s stock worth $479,000 after purchasing an additional 927 shares during the last quarter. Blue Trust Inc. acquired a new stake in ChipMOS TECHNOLOGIES during the 4th quarter worth approximately $94,000. Finally, Quadrant Capital Group LLC boosted its stake 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 valued at $1,109,000 after purchasing an additional 3,445 shares during the period. 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.