Chipmos Technologies (NASDAQ:IMOS) Sees Unusually-High Trading Volume – Here’s Why

by · The Markets Daily

Shares of Chipmos Technologies (NASDAQ:IMOS – Get Free Report) saw an uptick in trading volume on Wednesday . 78,971 shares changed hands during trading, an increase of 163% from the previous session’s volume of 30,025 shares.The stock last traded at $37.56 and had previously closed at $37.01.

Analyst Ratings Changes

A number of brokerages have weighed in on IMOS. Wall Street Zen upgraded Chipmos Technologies from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Weiss Ratings raised Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Report on IMOS

Chipmos Technologies Stock Up 2.4%

The company has a market cap of $1.34 billion, a price-to-earnings ratio of 236.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The stock’s fifty day moving average is $28.73 and its two-hundred day moving average is $22.06.

Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last announced its earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The company had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $6.50 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Chipmos Technologies’s quarterly revenue was up 1.3% on a year-over-year basis.

Institutional Investors Weigh In On Chipmos Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Chipmos Technologies by 74.7% in the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after buying an additional 587 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Chipmos Technologies by 125.5% during the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 1,204 shares during the period. GAMMA Investing LLC boosted its position in Chipmos Technologies by 131.7% in the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 1,629 shares during the last quarter. Parallel Advisors LLC boosted its position in Chipmos Technologies by 44.4% in the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 1,890 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new position in Chipmos Technologies in the 3rd quarter valued at $219,000. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

(Get Free Report)

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.

Featured Articles