Chipmos Technologies (NASDAQ:IMOS) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Chipmos Technologies (NASDAQ:IMOS)’s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $56.86 and traded as high as $75.47. Chipmos Technologies shares last traded at $75.19, with a volume of 134,160 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Chipmos Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Chipmos Technologies Trading Down 4.2%

The company has a market cap of $2.44 billion, a PE ratio of 33.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.94 and a current ratio of 2.39. The company has a 50 day simple moving average of $61.62 and a two-hundred day simple moving average of $57.10.

Chipmos Technologies (NASDAQ:IMOS) last announced its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.16. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.19%. 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 firm posted ($0.51) earnings per share. The firm’s revenue was up 28.7% on a year-over-year basis.

Institutional Trading of Chipmos Technologies

Large investors have recently made changes to their positions in the stock. XY Capital Ltd acquired a new position in Chipmos Technologies during the 2nd quarter valued at $8,373,000. GAMMA Investing LLC raised its position in Chipmos Technologies by 21.9% in the third quarter. GAMMA Investing LLC now owns 4,100 shares of the semiconductor company’s stock worth $294,000 after purchasing an additional 737 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Chipmos Technologies in the 2nd quarter valued at approximately $373,000. Squarepoint Ops LLC bought a new position in shares of Chipmos Technologies during the 2nd quarter worth approximately $235,000. Finally, TD Waterhouse Canada Inc. bought a new stake in Chipmos Technologies during the second quarter worth about $517,000. Institutional investors own 7.39% of the company’s stock.

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 electronics companies by handling portions of the back-end semiconductor production process, including wafer testing, assembly, packaging, and final testing.

Its service and product offerings include packaging and testing for memory, logic, mixed-signal, and display driver integrated circuits.