ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Down to $28.03

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $28.03, but opened at $27.31. ChipMOS TECHNOLOGIES shares last traded at $27.50, with a volume of 1,870 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th.

ChipMOS TECHNOLOGIES Trading Down 2.0 %

The company has a market cap of $998.45 million, a price-to-earnings ratio of 15.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.38 and a quick ratio of 3.04. The business has a 50 day simple moving average of $29.13 and a 200 day simple moving average of $27.71.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its earnings results on Thursday, May 9th. The semiconductor company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. ChipMOS TECHNOLOGIES had a net margin of 9.62% and a return on equity of 8.60%. The company had revenue of $169.70 million during the quarter, compared to the consensus estimate of $163.30 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in ChipMOS TECHNOLOGIES by 16.6% in the third quarter. Acadian Asset Management LLC now owns 188,227 shares of the semiconductor company’s stock worth $4,324,000 after purchasing an additional 26,843 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of ChipMOS TECHNOLOGIES by 1.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock worth $3,605,000 after buying an additional 1,592 shares during the period. Renaissance Group LLC raised its stake in shares of ChipMOS TECHNOLOGIES by 6.7% during the fourth quarter. Renaissance Group LLC now owns 105,227 shares of the semiconductor company’s stock worth $2,863,000 after buying an additional 6,581 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in ChipMOS TECHNOLOGIES by 19.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 55,068 shares of the semiconductor company’s stock valued at $1,269,000 after buying an additional 9,026 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in ChipMOS TECHNOLOGIES by 9.2% in the fourth quarter. Quadrant Capital Group LLC now owns 40,751 shares of the semiconductor company’s stock valued at $1,109,000 after acquiring an additional 3,445 shares during the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

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.