Chipmos Technologies (NASDAQ:IMOS) Stock Price Down 12.5% – What’s Next?

Chipmos Technologies (NASDAQ:IMOS)’s share price fell 12.5% during trading on Tuesday . The company traded as low as $37.02 and last traded at $37.84. 42,359 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 42,748 shares. The stock had previously closed at $43.25.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen raised Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Weiss Ratings raised shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Chipmos Technologies Stock Performance

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 company has a market cap of $1.35 billion, a PE ratio of 88.88 and a beta of 0.99. The stock has a 50 day simple moving average of $36.26 and a two-hundred day simple moving average of $26.98.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its holdings in shares of Chipmos Technologies by 5.9% during the 2nd quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock valued at $4,795,000 after buying an additional 14,697 shares during the period. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 356 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Chipmos Technologies by 3.1% in the 4th 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 during the period. Envestnet Asset Management Inc. lifted its stake in Chipmos Technologies by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock valued at $1,034,000 after buying an additional 1,205 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Chipmos Technologies by 50.3% during the second quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock worth $820,000 after buying an additional 15,150 shares during the period. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

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.