ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sets New 52-Week Low – What’s Next?

by · The Cerbat Gem

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS – Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $21.19 and last traded at $21.19, with a volume of 332 shares changing hands. The stock had previously closed at $22.35.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

View Our Latest Stock Analysis on ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES Stock Down 4.6 %

The firm has a market capitalization of $775.20 million, a P/E ratio of 13.38 and a beta of 0.91. The company has a fifty day simple moving average of $22.72 and a 200 day simple moving average of $24.87.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS – Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter. ChipMOS TECHNOLOGIES had a net margin of 8.67% and a return on equity of 7.72%. The company had revenue of $191.70 million for the quarter.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

A number of hedge funds have recently added to or reduced their stakes in IMOS. BNP Paribas Financial Markets purchased a new position in ChipMOS TECHNOLOGIES in the 1st quarter worth about $42,000. HBK Sorce Advisory LLC purchased a new position in shares of ChipMOS TECHNOLOGIES during the first quarter valued at approximately $201,000. Blue Trust Inc. lifted its position in ChipMOS TECHNOLOGIES by 49,831.3% during the second quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 7,973 shares during the period. Ballentine Partners LLC boosted its holdings 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 during the last quarter. Finally, Caprock Group LLC bought a new stake in ChipMOS TECHNOLOGIES in the 2nd quarter worth approximately $441,000. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

About ChipMOS TECHNOLOGIES

(Get Free Report)

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.

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