ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Reaches New 12-Month Low – Should You Sell?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $19.17 and last traded at $19.36, with a volume of 22346 shares trading hands. The stock had previously closed at $19.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

ChipMOS TECHNOLOGIES Stock Performance

The stock’s 50-day moving average price is $21.19 and its 200 day moving average price is $23.50. The company has a market cap of $699.60 million, a P/E ratio of 13.50 and a beta of 0.86. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49.

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

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in ChipMOS TECHNOLOGIES by 49,831.3% during the second quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after buying an additional 7,973 shares in the last quarter. Caprock Group LLC acquired a new stake in ChipMOS TECHNOLOGIES during the second quarter worth $441,000. Vanguard Personalized Indexing Management LLC boosted its stake in ChipMOS TECHNOLOGIES by 4.4% during the second 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, Ballentine Partners LLC boosted its stake in shares of ChipMOS TECHNOLOGIES by 20.2% in the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 2,611 shares in the last quarter. Institutional investors own 7.39% of the company’s stock.

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.