ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sets New 52-Week Low – Here’s Why

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares reached a new 52-week low during trading on Monday . The company traded as low as $18.50 and last traded at $18.50, with a volume of 1456 shares trading hands. The stock had previously closed at $18.70.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded ChipMOS TECHNOLOGIES from a “hold” rating to a “buy” rating in a report on Thursday, December 12th.

ChipMOS TECHNOLOGIES Price Performance

The stock has a market cap of $667.24 million, a price-to-earnings ratio of 12.83 and a beta of 0.86. The company has a 50 day simple moving average of $20.84 and a 200-day simple moving average of $23.25. 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 announced its earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 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 during the quarter.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Large investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in ChipMOS TECHNOLOGIES by 18.0% in the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after acquiring an additional 1,440 shares during the last quarter. Ballentine Partners LLC grew its holdings in ChipMOS TECHNOLOGIES by 20.2% during 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 during the period. Caprock Group LLC acquired a new position in ChipMOS TECHNOLOGIES during the second quarter worth approximately $441,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in ChipMOS TECHNOLOGIES by 4.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after buying an additional 2,319 shares during the period. 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.