Chipmos Technologies (NASDAQ:IMOS) Sees Unusually-High Trading Volume – What’s Next?

Chipmos Technologies (NASDAQ:IMOS) shares saw strong trading volume on Monday . Approximately 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Chipmos Technologies Stock Performance

The firm has a market capitalization of $1.90 billion, a P/E ratio of 26.37 and a beta of 1.34. The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $58.21 and a 200-day moving average of $52.54.

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

Institutional Trading of Chipmos Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. XY Capital Ltd acquired a new stake in Chipmos Technologies during the 2nd quarter valued at approximately $8,373,000. Rhumbline Advisers boosted its stake in shares of Chipmos Technologies by 51.4% in the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 12,759 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Chipmos Technologies in the 3rd quarter valued at $219,000. RBF Capital LLC acquired a new stake in shares of Chipmos Technologies during the fourth quarter worth $266,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Chipmos Technologies during the second quarter worth $517,000. 7.39% of the stock is currently owned by institutional investors.

Chipmos Technologies Company Profile

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.