Chipmos Technologies (NASDAQ:IMOS) Sees Strong Trading Volume – What’s Next?

Chipmos Technologies (NASDAQ:IMOS) shares saw an uptick in trading volume on Friday . 46,429 shares were traded during mid-day trading, an increase of 109% from the previous session’s volume of 22,257 shares.The stock last traded at $30.8650 and had previously closed at $27.89.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Chipmos Technologies in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Chipmos Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Chipmos Technologies currently has an average rating of “Sell”.

Chipmos Technologies Price Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.97 and a current ratio of 2.29. The stock’s 50-day moving average is $20.32 and its two-hundred day moving average is $18.74. The stock has a market cap of $1.11 billion, a PE ratio of 342.44 and a beta of 1.10.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.47% and a net margin of 0.50%.The business had revenue of $201.70 million during the quarter, compared to analyst estimates of $6.50 billion. During the same period last year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis.

Chipmos Technologies declared that its Board of Directors has approved a share repurchase plan on Tuesday, September 2nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Chipmos Technologies

Hedge funds have recently made changes to their positions in the business. Westside Investment Management Inc. lifted its holdings in Chipmos Technologies by 125.5% during the 3rd quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after buying an additional 1,204 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Chipmos Technologies by 131.7% during the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 1,629 shares during the period. Wealthquest Corp acquired a new stake in shares of Chipmos Technologies in the first quarter valued at $52,000. Parallel Advisors LLC boosted its holdings in Chipmos Technologies by 44.4% in the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 1,890 shares during the period. Finally, Quadrant Capital Group LLC acquired a new position in Chipmos Technologies during the 3rd quarter worth $219,000. 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.