Chipmos Technologies (NASDAQ:IMOS) Shares Gap Down – What’s Next?

Chipmos Technologies (NASDAQ:IMOS)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $44.66, but opened at $43.14. Chipmos Technologies shares last traded at $41.8990, with a volume of 25,335 shares changing hands.

Analyst Ratings Changes

A number of research firms recently weighed in on IMOS. Wall Street Zen lowered shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Chipmos Technologies Stock Down 4.0%

The company has a current ratio of 2.47, a quick ratio of 2.12 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.51 billion, a P/E ratio of 267.69 and a beta of 1.04. The stock’s fifty day moving average price is $30.67 and its 200 day moving average price is $22.86.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The business had revenue of $201.70 million for the quarter, compared to the consensus estimate of $6.50 billion. During the same quarter last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its stake in Chipmos Technologies by 5.9% in the second quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock worth $4,795,000 after purchasing an additional 14,697 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Chipmos Technologies by 2.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 71,140 shares of the semiconductor company’s stock valued at $1,361,000 after acquiring an additional 1,949 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Chipmos Technologies by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock worth $1,034,000 after purchasing an additional 1,205 shares during the last quarter. Creative Planning grew its holdings in Chipmos Technologies by 50.3% in the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock worth $820,000 after acquiring an additional 15,150 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Chipmos Technologies by 51.4% during the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after acquiring an additional 12,759 shares during the last quarter. 7.39% of the stock is owned by hedge funds and other institutional investors.

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.