ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Up – Time to Buy?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) gapped up before the market opened on Tuesday . The stock had previously closed at $18.24, but opened at $19.00. ChipMOS TECHNOLOGIES shares last traded at $18.57, with a volume of 6,141 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Tuesday.

ChipMOS TECHNOLOGIES Stock Up 4.7 %

The stock has a market cap of $694.48 million, a PE ratio of 13.36 and a beta of 0.86. The business has a 50 day simple moving average of $19.08 and a 200 day simple moving average of $21.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72.

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

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

A number of institutional investors have recently modified their holdings of IMOS. Vanguard Personalized Indexing Management LLC grew its position in shares of ChipMOS TECHNOLOGIES by 4.4% during the 2nd 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 during the period. Blue Trust Inc. raised its stake in ChipMOS TECHNOLOGIES by 18.0% during the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock worth $221,000 after buying an additional 1,440 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 20.2% during 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. 7.39% of the stock is owned by institutional investors.

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.