ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Hits New 52-Week Low – Time to Sell?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.19 and last traded at $21.19, with a volume of 332 shares traded. The stock had previously closed at $22.35.

Analyst Ratings Changes

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a report on Thursday.

ChipMOS TECHNOLOGIES Stock Performance

The firm has a 50 day simple moving average of $22.65 and a two-hundred day simple moving average of $24.82. The firm has a market capitalization of $753.42 million, a P/E ratio of 14.49 and a beta of 0.91.

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

Institutional Trading of ChipMOS TECHNOLOGIES

A number of hedge funds have recently bought and sold shares of IMOS. O Shaughnessy Asset Management LLC increased its stake in ChipMOS TECHNOLOGIES by 1.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock worth $3,605,000 after purchasing an additional 1,592 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of ChipMOS TECHNOLOGIES by 4.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after buying an additional 2,319 shares during the period. Caprock Group LLC purchased a new position in shares of ChipMOS TECHNOLOGIES during the second quarter valued at approximately $441,000. Ballentine Partners LLC grew its stake 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 period. Finally, Blue Trust Inc. grew its stake in ChipMOS TECHNOLOGIES by 18.0% in the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 1,440 shares during the period. Institutional investors own 7.39% of the company’s stock.

About ChipMOS TECHNOLOGIES

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.