Chipmos Technologies (NASDAQ:IMOS) Sees Unusually-High Trading Volume – Still a Buy?

Chipmos Technologies (NASDAQ:IMOS) saw unusually-high trading volume on Monday . 90,858 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 83,098 shares.The stock last traded at $53.76 and had previously closed at $55.33.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One 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 1.5%

The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.08 and a current ratio of 2.40. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 25.81 and a beta of 1.34. The firm has a fifty day moving average price of $57.57 and a 200 day moving average price of $52.70.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.16. The firm had revenue of $231.81 million during the quarter, compared to analysts’ expectations of $236.95 million. Chipmos Technologies had a return on equity of 9.25% and a net margin of 8.30%.Chipmos Technologies’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.51) earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. XY Capital Ltd purchased a new stake in shares of Chipmos Technologies during the 2nd quarter worth approximately $8,373,000. Dimensional Fund Advisors LP increased its position in shares of Chipmos Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after buying an additional 335 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Chipmos Technologies in the second quarter valued at $517,000. Delphi Management Inc. MA acquired a new position in shares of Chipmos Technologies during the 1st quarter worth $254,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Chipmos Technologies in the 2nd quarter worth about $373,000. 7.39% of the stock is owned by hedge funds and other institutional investors.

About Chipmos Technologies

ChipMOS Technologies Inc is a Taiwan-based semiconductor assembly and testing company that provides outsourced semiconductor packaging and testing services. The company supports integrated circuit manufacturers and other electronics companies by handling various stages of semiconductor production after wafer fabrication.

Its services include wafer probing and sorting, wafer bumping, assembly, final testing, burn-in and related engineering services. ChipMOS works with a range of semiconductor products, including memory devices, display driver integrated circuits, logic and mixed-signal chips, and other consumer and communications-related components.

Founded in 1997, ChipMOS serves customers in the global semiconductor industry through operations centered in Taiwan, with additional international business relationships and support capabilities.