ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Up 5.1% – Time to Buy?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s share price shot up 5.1% during mid-day trading on Monday . The company traded as high as $18.24 and last traded at $19.66. 873 shares changed hands during trading, a decline of 96% from the average session volume of 23,141 shares. The stock had previously closed at $18.70.

Analyst Ratings Changes

Separately, StockNews.com downgraded ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Trading Down 1.7 %

The stock has a 50 day moving average of $19.29 and a 200-day moving average of $20.64. The company has a market capitalization of $635.61 million, a P/E ratio of 12.22 and a beta of 0.90. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings data on Tuesday, February 25th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $164.70 million for the quarter, compared to the consensus estimate of $175.60 million. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share.

ChipMOS TECHNOLOGIES declared that its board has authorized a stock buyback program on Tuesday, January 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMOS. Parvin Asset Management LLC bought a new position in ChipMOS TECHNOLOGIES in the 4th quarter worth approximately $505,000. ABC Arbitrage SA bought a new position in ChipMOS TECHNOLOGIES in the 4th quarter worth approximately $393,000. XY Capital Ltd purchased a new stake in shares of ChipMOS TECHNOLOGIES during the 4th quarter worth approximately $189,000. Tower Research Capital LLC TRC raised its holdings in shares of ChipMOS TECHNOLOGIES by 1,000.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 5,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of ChipMOS TECHNOLOGIES by 761.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 3,609 shares in the last quarter. 7.39% of the stock is currently owned by institutional investors.

ChipMOS TECHNOLOGIES Company Profile

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.