Chipmos Technologies (NASDAQ:IMOS) Sees Large Volume Increase – Time to Buy?

Shares of Chipmos Technologies (NASDAQ:IMOS) saw unusually-high trading volume on Friday . Approximately 26,640 shares traded hands during trading, a decline of 44% from the previous session’s volume of 47,224 shares.The stock last traded at $46.5450 and had previously closed at $49.17.

Analysts Set New Price Targets

Several research firms have recently commented on IMOS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. Wall Street Zen raised shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Chipmos Technologies Stock Down 4.2%

The stock has a market cap of $1.66 billion, a PE ratio of 109.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The company’s 50-day moving average price is $38.42 and its 200 day moving average price is $32.04.

Chipmos Technologies (NASDAQ:IMOS) last released its earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. The company had revenue of $207.78 million for the quarter, compared to analysts’ expectations of $6.50 billion. During the same quarter last year, the business earned $0.19 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year.

Institutional Investors Weigh In On Chipmos Technologies

A number of institutional investors have recently added to or reduced their stakes in IMOS. ABC Arbitrage SA purchased a new stake in Chipmos Technologies during the 3rd quarter valued at approximately $290,000. Rhumbline Advisers grew its holdings in Chipmos Technologies by 51.4% during the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after buying an additional 12,759 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in Chipmos Technologies during the 3rd quarter valued at approximately $219,000. XY Capital Ltd purchased a new stake in Chipmos Technologies during the 4th quarter valued at approximately $314,000. Finally, RBF Capital LLC purchased a new stake in Chipmos Technologies during the 4th quarter valued at approximately $266,000. 7.39% of the stock is owned by hedge funds and other institutional investors.

About Chipmos Technologies

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.