ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Up to $26.72

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $26.72, but opened at $27.36. ChipMOS TECHNOLOGIES shares last traded at $27.32, with a volume of 1,889 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th.

ChipMOS TECHNOLOGIES Trading Up 2.4 %

The company has a 50 day moving average of $29.13 and a two-hundred day moving average of $27.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.04 and a current ratio of 3.38. The stock has a market capitalization of $1.02 billion, a PE ratio of 15.15 and a beta of 0.95.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $169.70 million during the quarter, compared to analysts’ expectations of $163.30 million. ChipMOS TECHNOLOGIES had a return on equity of 8.60% and a net margin of 9.62%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Several institutional investors and hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 1.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock valued at $3,605,000 after buying an additional 1,592 shares during the period. HBK Sorce Advisory LLC acquired a new position in ChipMOS TECHNOLOGIES in the 1st quarter worth about $201,000. BNP Paribas Financial Markets acquired a new position in ChipMOS TECHNOLOGIES in the 1st quarter worth about $42,000. JNBA Financial Advisors acquired a new position in ChipMOS TECHNOLOGIES in the 1st quarter worth about $31,000. Finally, Ballentine Partners LLC increased its stake in ChipMOS TECHNOLOGIES by 47.6% during the 1st quarter. Ballentine Partners LLC now owns 13,480 shares of the semiconductor company’s stock worth $424,000 after buying an additional 4,348 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. 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.