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 report released on Tuesday.

ChipMOS TECHNOLOGIES Trading Down 0.3 %

NASDAQ:IMOS opened at $20.72 on Tuesday. The company has a market cap of $753.38 million, a P/E ratio of 14.49 and a beta of 0.86. ChipMOS TECHNOLOGIES has a twelve month low of $17.70 and a twelve month high of $32.19. The business has a 50 day moving average price of $19.11 and a two-hundred day moving average price of $21.74. 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 EPS for the quarter. The business had revenue of $191.70 million during the quarter. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%.

ChipMOS TECHNOLOGIES announced that its board has initiated a share repurchase plan on Tuesday, January 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

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