ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Hits New 12-Month Low – Here’s What Happened

by · The Cerbat Gem

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS – Get Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $20.06 and last traded at $20.06, with a volume of 1771 shares trading hands. The stock had previously closed at $20.44.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on IMOS

ChipMOS TECHNOLOGIES Stock Down 2.3 %

The company has a market cap of $725.79 million, a PE ratio of 14.29 and a beta of 0.91. The business’s 50 day moving average price is $22.52 and its 200-day moving average price is $24.67.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS – Get Free Report) last posted its quarterly earnings data 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 6.62%. The firm had revenue of $191.70 million for the quarter.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Several hedge funds have recently modified their holdings of IMOS. Blue Trust Inc. boosted its holdings 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. BNP Paribas Financial Markets acquired a new position in shares of ChipMOS TECHNOLOGIES in the 1st quarter worth $42,000. Caprock Group LLC acquired a new stake in shares of ChipMOS TECHNOLOGIES during the second quarter worth $441,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of 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 valued at $1,431,000 after purchasing an additional 2,319 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position 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 during the period. 7.39% of the stock is currently owned by institutional investors and hedge funds.

ChipMOS TECHNOLOGIES Company Profile

(Get Free Report)

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.

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