ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Cross Above 200 Day Moving Average of $27.27

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.27 and traded as high as $28.70. ChipMOS TECHNOLOGIES shares last traded at $28.40, with a volume of 16,951 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 11th.

ChipMOS TECHNOLOGIES Stock Performance

The firm’s fifty day moving average price is $29.62 and its 200-day moving average price is $27.27. The company has a market cap of $1.03 billion, a P/E ratio of 17.21 and a beta of 0.92. The company has a current ratio of 3.38, a quick ratio of 3.04 and a debt-to-equity ratio of 0.54.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $187.00 million for the quarter, compared to the consensus estimate of $175.31 million. ChipMOS TECHNOLOGIES had a return on equity of 7.62% and a net margin of 8.85%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the business earned $0.22 earnings per share.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Several institutional investors and hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 28.8% during the 3rd quarter. Lindbrook Capital LLC now owns 3,157 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 705 shares during the period. EverSource Wealth Advisors LLC raised its position in ChipMOS TECHNOLOGIES by 36.3% in the third quarter. EverSource Wealth Advisors LLC now owns 3,250 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 865 shares in the last quarter. Blue Trust Inc. bought a new position in ChipMOS TECHNOLOGIES during the fourth quarter worth about $94,000. QRG Capital Management Inc. acquired a new stake in ChipMOS TECHNOLOGIES during the fourth quarter valued at approximately $220,000. Finally, Ballentine Partners LLC bought a new stake in shares of ChipMOS TECHNOLOGIES in the 4th quarter valued at approximately $248,000. Institutional investors own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

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.