ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Reaches New 1-Year Low – Should You Sell?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $17.21 and last traded at $17.24, with a volume of 2241 shares changing hands. The stock had previously closed at $17.64.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Price Performance

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’s 50-day moving average is $19.23 and its two-hundred day moving average is $20.20. The stock has a market cap of $604.15 million, a PE ratio of 11.75 and a beta of 0.90.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, February 25th. The semiconductor company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $164.70 million for the quarter, compared to analysts’ expectations of $175.60 million. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Hedge funds have recently made changes to their positions in the business. Parvin Asset Management LLC acquired a new position in shares of ChipMOS TECHNOLOGIES in the fourth quarter valued at approximately $505,000. ABC Arbitrage SA acquired a new position in shares of ChipMOS TECHNOLOGIES in the fourth quarter worth $393,000. XY Capital Ltd purchased a new stake in shares of ChipMOS TECHNOLOGIES during the fourth quarter worth $189,000. Tower Research Capital LLC TRC raised its stake in shares of ChipMOS TECHNOLOGIES by 1,000.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 5,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of ChipMOS TECHNOLOGIES by 761.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 3,609 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. 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.