ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Unusually-High Trading Volume - Time to Buy?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) shares saw an uptick in trading volume on Friday . 21,138 shares were traded during trading, a decline of 1% from the previous session's volume of 21,406 shares.The stock last traded at $15.90 and had previously closed at $15.82.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a "buy" rating to a "hold" rating in a research report on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Stock Down 3.0 %

The firm has a 50-day simple moving average of $17.12 and a 200 day simple moving average of $18.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72. The company has a market capitalization of $593.43 million, a PE ratio of 11.41 and a beta of 0.94.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $175.60 million. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS.

ChipMOS TECHNOLOGIES announced that its Board of Directors has initiated a share buyback program on Tuesday, January 21st that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

A number of hedge funds have recently bought and sold shares of the business. Wealthquest Corp purchased a new position in shares of ChipMOS TECHNOLOGIES during the 1st quarter valued at approximately $52,000. Lindbrook Capital LLC boosted its stake in ChipMOS TECHNOLOGIES by 34.8% during the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock valued at $60,000 after acquiring an additional 826 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of ChipMOS TECHNOLOGIES by 761.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 3,609 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of ChipMOS TECHNOLOGIES by 1,000.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company's stock valued at $104,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in ChipMOS TECHNOLOGIES by 8.6% in the fourth quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company's stock worth $162,000 after purchasing an additional 679 shares in the last quarter. Institutional investors and hedge funds 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.