Chipmos Technologies (NASDAQ:IMOS) Shares Gap Down – Time to Sell?

Shares of Chipmos Technologies (NASDAQ:IMOS) gapped down before the market opened on Monday . The stock had previously closed at $60.27, but opened at $57.92. Chipmos Technologies shares last traded at $57.2860, with a volume of 21,498 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IMOS. Wall Street Zen cut shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Chipmos Technologies presently has an average rating of “Hold”.

Chipmos Technologies Price Performance

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 business has a 50-day moving average price of $41.50 and a two-hundred day moving average price of $34.49. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 133.12 and a beta of 1.16.

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

Hedge Funds Weigh In On Chipmos Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Chipmos Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock worth $3,301,000 after purchasing an additional 335 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Chipmos Technologies by 3.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock valued at $2,175,000 after buying an additional 2,240 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Chipmos Technologies by 51.4% in the second 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. Goldman Sachs Group Inc. increased its holdings in shares of Chipmos Technologies by 3.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock valued at $829,000 after buying an additional 830 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Chipmos Technologies by 5.0% in the fourth quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock valued at $638,000 after buying an additional 1,028 shares in the last quarter. Institutional investors own 7.39% of the company’s stock.

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.