Chipmos Technologies (NASDAQ:IMOS) Shares Down 6.4% – Here’s What Happened

Chipmos Technologies (NASDAQ:IMOS)’s stock price traded down 6.4% during trading on Monday . The stock traded as low as $42.06 and last traded at $42.7070. 23,932 shares traded hands during trading, a decline of 54% from the average session volume of 51,607 shares. The stock had previously closed at $45.61.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a research note on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Chipmos Technologies presently has an average rating of “Hold”.

Chipmos Technologies Trading Down 1.1%

The stock has a market capitalization of $1.51 billion, a P/E ratio of 99.70 and a beta of 1.04. The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average price is $39.88 and its two-hundred day moving average price is $33.37.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. The company had revenue of $207.78 million during the quarter, compared to analyst estimates of $6.50 billion. During the same period in the prior year, the business posted $0.19 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year.

Institutional Investors Weigh In On Chipmos Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kathmere Capital Management LLC bought a new stake in Chipmos Technologies during the 1st quarter valued at $204,000. Delphi Management Inc. MA bought a new stake in Chipmos Technologies during the 1st quarter valued at $254,000. RBF Capital LLC bought a new stake in Chipmos Technologies during the 4th quarter valued at $266,000. Vanguard Personalized Indexing Management LLC raised its holdings in Chipmos Technologies by 3.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock valued at $2,175,000 after buying an additional 2,240 shares during the last quarter. Finally, Smartleaf Asset Management LLC bought a new stake in Chipmos Technologies during the 4th quarter valued at $54,000. 7.39% of the stock is currently owned by 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.