ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Cut to “Hold” at StockNews.com

StockNews.com cut shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

ChipMOS TECHNOLOGIES Trading Down 0.3 %

ChipMOS TECHNOLOGIES stock opened at $20.72 on Tuesday. 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 has a 50-day simple moving average of $19.11 and a 200 day simple moving average of $21.74. The stock has a market capitalization of $753.38 million, a P/E ratio of 14.49 and a beta of 0.86. ChipMOS TECHNOLOGIES has a 52 week low of $17.70 and a 52 week high of $32.19.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. The company had revenue of $191.70 million during the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%.

ChipMOS TECHNOLOGIES declared that its Board of Directors has authorized a stock buyback plan on Tuesday, January 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

A hedge fund recently raised its stake in ChipMOS TECHNOLOGIES stock. Blue Trust Inc. raised its stake in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,429 shares of the semiconductor company’s stock after acquiring an additional 1,440 shares during the quarter. Blue Trust Inc.’s holdings in ChipMOS TECHNOLOGIES were worth $221,000 at the end of the most recent reporting period. 7.39% of the stock is currently owned by institutional investors.

About ChipMOS TECHNOLOGIES

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.