Chipmos Technologies (NASDAQ:IMOS) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Chipmos Technologies (NASDAQ:IMOS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.72 and traded as high as $33.93. Chipmos Technologies shares last traded at $33.42, with a volume of 121,786 shares traded.

Analysts Set New Price Targets

IMOS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Weiss Ratings raised Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Chipmos Technologies Price Performance

The firm’s 50 day moving average price is $34.51 and its two-hundred day moving average price is $25.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.47 and a quick ratio of 2.12. The stock has a market cap of $1.18 billion, a PE ratio of 208.88 and a beta of 1.04.

Institutional Investors Weigh In On Chipmos Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of 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. Farther Finance Advisors LLC raised its stake in shares of Chipmos Technologies by 16,828.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 1,178 shares during the period. Westside Investment Management Inc. lifted its holdings in Chipmos Technologies by 125.5% during the 3rd quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 1,204 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in Chipmos Technologies in the 4th quarter worth about $54,000. Finally, GAMMA Investing LLC grew its holdings in Chipmos Technologies by 131.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,629 shares in the last quarter. Institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

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.