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

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) saw unusually-strong trading volume on Tuesday . Approximately 25,255 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 19,802 shares.The stock last traded at $16.95 and had previously closed at $16.84.

Analysts Set New Price Targets

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

ChipMOS TECHNOLOGIES Trading Down 0.3 %

The company has a fifty day moving average of $19.21 and a two-hundred day moving average of $20.16. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $610.70 million, a price-to-earnings ratio of 11.74 and a beta of 0.90.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its quarterly earnings results 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 firm had revenue of $164.70 million for the quarter, compared to analyst estimates of $175.60 million. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share.

ChipMOS TECHNOLOGIES announced that its board has authorized a share buyback plan on Tuesday, January 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IMOS. Lindbrook Capital LLC grew its stake in shares of ChipMOS TECHNOLOGIES by 34.8% during the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 826 shares during the period. JPMorgan Chase & Co. grew its position in ChipMOS TECHNOLOGIES by 761.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock worth $77,000 after buying an additional 3,609 shares during the period. Tower Research Capital LLC TRC increased its holdings in ChipMOS TECHNOLOGIES by 1,000.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 5,000 shares in the last quarter. Bank of America Corp DE lifted its position in shares of ChipMOS TECHNOLOGIES by 8.6% during the 4th quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 679 shares during the period. Finally, XY Capital Ltd purchased a new stake in shares of ChipMOS TECHNOLOGIES during the 4th quarter worth approximately $189,000. Hedge funds and other institutional investors own 7.39% of the company’s stock.

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.