ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sets New 12-Month Low – Should You Sell?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $18.11 and last traded at $18.13, with a volume of 22772 shares traded. The stock had previously closed at $18.68.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

ChipMOS TECHNOLOGIES Trading Down 2.9 %

The firm has a market capitalization of $659.24 million, a P/E ratio of 12.68 and a beta of 0.86. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The company’s fifty day moving average is $19.48 and its 200-day moving average is $22.18.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Institutional investors and hedge funds have recently modified their holdings of the company. Ballentine Partners LLC raised its position in ChipMOS TECHNOLOGIES by 20.2% in 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 in the last quarter. Blue Trust Inc. grew its stake in shares of ChipMOS TECHNOLOGIES by 18.0% in the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after purchasing an additional 1,440 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of ChipMOS TECHNOLOGIES by 4.4% in 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 in the last quarter. 7.39% of the stock is currently 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.