ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Up - What's Next?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $16.09, but opened at $16.50. ChipMOS TECHNOLOGIES shares last traded at $16.39, with a volume of 3,293 shares trading hands.

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 Performance

The firm has a 50-day moving average price of $17.29 and a 200 day moving average price of $19.04. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $595.61 million, a PE ratio of 11.45 and a beta of 0.94.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last issued its quarterly earnings results 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). ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The business had revenue of $164.70 million for the quarter, compared to analysts' expectations of $175.60 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm's revenue for the quarter was down 5.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES announced that its board has authorized a share buyback plan on Tuesday, January 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMOS. Wealthquest Corp acquired a new stake in shares of ChipMOS TECHNOLOGIES during the first quarter worth about $52,000. Lindbrook Capital LLC increased its position in ChipMOS TECHNOLOGIES by 34.8% during the fourth quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock worth $60,000 after buying an additional 826 shares during the period. JPMorgan Chase & Co. lifted its stake in ChipMOS TECHNOLOGIES by 761.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company's stock valued at $77,000 after buying an additional 3,609 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of ChipMOS TECHNOLOGIES by 1,000.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company's stock valued at $104,000 after acquiring an additional 5,000 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of 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 valued at $162,000 after acquiring an additional 679 shares during the period. Institutional investors and hedge funds 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.

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