ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Reaches New 12-Month Low – Should You Sell?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) hit a new 52-week low on Monday . The company traded as low as $18.50 and last traded at $18.50, with a volume of 1456 shares. The stock had previously closed at $18.70.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded ChipMOS TECHNOLOGIES from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th.

ChipMOS TECHNOLOGIES Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. The company has a market capitalization of $667.24 million, a P/E ratio of 12.83 and a beta of 0.86. The firm’s fifty day moving average is $20.84 and its 200-day moving average is $23.25.

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. The firm had revenue of $191.70 million for the quarter. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in ChipMOS TECHNOLOGIES by 18.0% during the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock worth $221,000 after buying an additional 1,440 shares during the last quarter. Ballentine Partners LLC lifted its position in ChipMOS TECHNOLOGIES by 20.2% during the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 2,611 shares during the last quarter. Caprock Group LLC purchased a new position in shares of ChipMOS TECHNOLOGIES in the 2nd quarter worth about $441,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of ChipMOS TECHNOLOGIES by 4.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after acquiring an additional 2,319 shares during the last quarter. 7.39% of the stock is owned by hedge funds and other institutional investors.

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.