Chipmos Technologies (NASDAQ:IMOS) Shares Gap Down – Should You Sell?

Shares of Chipmos Technologies (NASDAQ:IMOS) gapped down before the market opened on Tuesday . The stock had previously closed at $51.40, but opened at $48.84. Chipmos Technologies shares last traded at $48.5440, with a volume of 8,629 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IMOS shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipmos Technologies in a report on Friday, April 10th. Wall Street Zen cut shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Chipmos Technologies currently has an average rating of “Hold”.

Chipmos Technologies Trading Down 1.0%

The stock has a market cap of $1.71 billion, a P/E ratio of 65.97 and a beta of 1.16. The firm’s fifty day moving average price is $43.77 and its two-hundred day moving average price is $36.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.12. The firm had revenue of $207.78 million for the quarter, compared to analysts’ expectations of $6.50 billion. Chipmos Technologies had a net margin of 3.05% and a return on equity of 3.28%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. ABC Arbitrage SA purchased a new position in Chipmos Technologies in the third quarter worth $290,000. Westside Investment Management Inc. grew its position in Chipmos Technologies by 125.5% in the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 1,204 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Chipmos Technologies by 2.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 71,140 shares of the semiconductor company’s stock worth $1,361,000 after acquiring an additional 1,949 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in Chipmos Technologies in the first quarter worth $204,000. Finally, Delphi Management Inc. MA purchased a new position in Chipmos Technologies in the first quarter worth $254,000. Institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan?based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back?end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system?on?chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.