ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Stock Rating Lowered by StockNews.com

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

ChipMOS TECHNOLOGIES Price Performance

Shares of IMOS stock opened at $18.73 on Friday. ChipMOS TECHNOLOGIES has a 12 month low of $18.20 and a 12 month high of $32.19. The company has a market capitalization of $681.06 million, a P/E ratio of 13.10 and a beta of 0.86. The stock has a 50 day moving average of $20.66 and a two-hundred day moving average of $23.16. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Several institutional investors have recently made changes to their positions in IMOS. Ballentine Partners LLC raised its position in ChipMOS TECHNOLOGIES by 20.2% in the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 2,611 shares in the last quarter. Blue Trust Inc. grew its stake in shares of ChipMOS TECHNOLOGIES by 18.0% in the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after purchasing an additional 1,440 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of ChipMOS TECHNOLOGIES by 4.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after buying an additional 2,319 shares in the last quarter. Finally, Caprock Group LLC bought a new position in shares of ChipMOS TECHNOLOGIES during the 2nd quarter worth approximately $441,000. 7.39% of the stock is currently owned by institutional investors and hedge funds.

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.