ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Stock Price Up 2.1%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) was up 2.1% during mid-day trading on Wednesday . The stock traded as high as $31.10 and last traded at $31.10. Approximately 2,891 shares changed hands during trading, a decline of 88% from the average daily volume of 24,192 shares. The stock had previously closed at $30.46.

ChipMOS TECHNOLOGIES Stock Up 1.6 %

The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.75 and a beta of 0.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.77 and a current ratio of 3.20. The business's 50 day moving average is $29.43 and its 200-day moving average is $26.89.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. The company had revenue of $187.00 million during the quarter, compared to analysts' expectations of $175.31 million. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.66%. The business's quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of ChipMOS TECHNOLOGIES by 17.7% in the first quarter. BlackRock Inc. now owns 98,198 shares of the semiconductor company's stock valued at $3,489,000 after acquiring an additional 14,773 shares during the period. LSV Asset Management raised its position in shares of ChipMOS TECHNOLOGIES by 65.9% during the first quarter. LSV Asset Management now owns 6,800 shares of the semiconductor company's stock valued at $242,000 after buying an additional 2,700 shares during the last quarter. Renaissance Group LLC lifted its stake in shares of ChipMOS TECHNOLOGIES by 7.3% in the first quarter. Renaissance Group LLC now owns 32,696 shares of the semiconductor company's stock valued at $1,162,000 after buying an additional 2,235 shares during the period. Vident Investment Advisory LLC acquired a new stake in ChipMOS TECHNOLOGIES during the first quarter worth about $241,000. Finally, Evergreen Capital Management LLC increased its stake in ChipMOS TECHNOLOGIES by 13.9% during the first quarter. Evergreen Capital Management LLC now owns 6,812 shares of the semiconductor company's stock valued at $242,000 after acquiring an additional 833 shares during the period. Institutional investors and hedge funds own 7.39% of the company's stock.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, 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.