Chipmos Technologies (NASDAQ:IMOS) Sees Large Volume Increase - Here's Why

Key Points

• Trading volume increased 9% to 90,858 shares, while Chipmos shares fell to $53.76 from the prior close of $55.33.
• Chipmos reported quarterly EPS of $0.80, beating estimates of $0.64, while revenue rose 28.7% year over year to $231.81 million but came in below expectations.
• Weiss Ratings upgraded the stock from “hold (c-)” to “hold (c),” and the broader analyst consensus remains Hold. Institutional investors own 7.39% of the company.

Shares of Chipmos Technologies (NASDAQ:IMOS - Get Free Report) saw an uptick in trading volume on Monday . 90,858 shares were traded during trading, an increase of 9% from the previous session's volume of 83,098 shares.The stock last traded at $53.76 and had previously closed at $55.33.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Chipmos Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

Chipmos Technologies Price Performance

The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 26.37 and a beta of 1.34. The business's 50 day simple moving average is $58.21 and its 200-day simple moving average is $52.54.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) last issued its earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.64 by $0.16. The company had revenue of $231.81 million during the quarter, compared to analysts' expectations of $236.95 million. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.25%. The business's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.51) EPS.

Institutional Investors Weigh In On Chipmos Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Chipmos Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company's stock worth $3,301,000 after purchasing an additional 335 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Chipmos Technologies by 163.0% during the first quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 494 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Chipmos Technologies by 74.7% during the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 587 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Chipmos Technologies by 3.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company's stock worth $829,000 after purchasing an additional 830 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Chipmos Technologies by 10.0% during the third quarter. Bank of America Corp DE now owns 13,037 shares of the semiconductor company's stock worth $249,000 after purchasing an additional 1,185 shares during the last quarter. 7.39% of the stock is currently owned by institutional investors.

About Chipmos Technologies

ChipMOS Technologies Inc is a Taiwan-based semiconductor assembly and testing company that provides outsourced semiconductor packaging and testing services. The company supports integrated circuit manufacturers and other electronics companies by handling various stages of semiconductor production after wafer fabrication.

Its services include wafer probing and sorting, wafer bumping, assembly, final testing, burn-in and related engineering services. ChipMOS works with a range of semiconductor products, including memory devices, display driver integrated circuits, logic and mixed-signal chips, and other consumer and communications-related components.

Founded in 1997, ChipMOS serves customers in the global semiconductor industry through operations centered in Taiwan, with additional international business relationships and support capabilities.

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