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

Chipmos Technologies (NASDAQ:IMOS) gapped down prior to trading on Thursday . The stock had previously closed at $50.74, but opened at $46.10. Chipmos Technologies shares last traded at $45.58, with a volume of 12,046 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on IMOS shares. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a report on Friday, April 10th. Wall Street Zen upgraded shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Chipmos Technologies Trading Down 9.2%

The stock’s 50 day moving average is $39.14 and its two-hundred day moving average is $32.60. The company has a market capitalization of $1.62 billion, a PE ratio of 107.13 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings data 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 net margin of 1.88% and a return on equity of 1.90%. The company had revenue of $207.78 million during the quarter, compared to analyst estimates of $6.50 billion. During the same period in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year.

Institutional Trading of Chipmos Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Chipmos Technologies by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,919 shares of the semiconductor company’s stock worth $2,727,000 after acquiring an additional 356 shares during the period. GAMMA Investing LLC lifted its stake in Chipmos Technologies by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 410 shares during the period. Allworth Financial LP lifted its stake in Chipmos Technologies by 74.7% in the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 587 shares during the period. Goldman Sachs Group Inc. lifted its stake in Chipmos Technologies by 3.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock worth $829,000 after acquiring an additional 830 shares during the period. Finally, Ballentine Partners LLC lifted its stake in Chipmos Technologies by 5.0% in the fourth quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock worth $638,000 after acquiring an additional 1,028 shares during the period. 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.