ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Up 7.4% – Still a Buy?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was up 7.4% during trading on Wednesday . The company traded as high as $20.69 and last traded at $20.11. Approximately 22,707 shares were traded during trading, a decline of 1% from the average daily volume of 23,010 shares. The stock had previously closed at $18.72.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research report on Tuesday.

ChipMOS TECHNOLOGIES Trading Down 0.9 %

The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $746.83 million, a P/E ratio of 14.36 and a beta of 0.86. The company has a 50-day moving average price of $19.13 and a 200 day moving average price of $21.70.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The business had revenue of $191.70 million during the quarter.

ChipMOS TECHNOLOGIES declared that its Board of Directors has initiated a share buyback plan on Tuesday, January 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

An institutional investor recently raised its position in ChipMOS TECHNOLOGIES stock. Blue Trust Inc. boosted its position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 18.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,429 shares of the semiconductor company’s stock after buying an additional 1,440 shares during the period. Blue Trust Inc.’s holdings in ChipMOS TECHNOLOGIES were worth $221,000 as of its most recent filing with the Securities & Exchange Commission. 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.