ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Large Volume Increase

Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOSGet Free Report) saw an uptick in trading volume on Thursday . 3,497 shares were traded during trading, a decline of 50% from the previous session’s volume of 6,985 shares.The stock last traded at $26.70 and had previously closed at $26.74.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded ChipMOS TECHNOLOGIES from a “buy” rating to a “strong-buy” rating in a report on Monday, October 23rd.

Check Out Our Latest Analysis on ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES Trading Up 5.2 %

The stock has a fifty day moving average of $27.08 and a 200-day moving average of $24.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.77 and a current ratio of 3.20. The company has a market cap of $1.08 billion, a PE ratio of 21.49 and a beta of 0.91.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

A number of institutional investors and hedge funds have recently bought and sold shares of IMOS. Marshall Wace LLP bought a new stake in ChipMOS TECHNOLOGIES during the 3rd quarter valued at $1,168,000. BlackRock Inc. raised its position in ChipMOS TECHNOLOGIES by 61.7% during the 3rd quarter. BlackRock Inc. now owns 130,906 shares of the semiconductor company’s stock valued at $2,425,000 after purchasing an additional 49,973 shares in the last quarter. Rhumbline Advisers bought a new stake in ChipMOS TECHNOLOGIES during the 2nd quarter valued at $744,000. Two Sigma Advisers LP raised its position in ChipMOS TECHNOLOGIES by 159.4% during the 3rd quarter. Two Sigma Advisers LP now owns 49,958 shares of the semiconductor company’s stock valued at $926,000 after purchasing an additional 30,700 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in ChipMOS TECHNOLOGIES by 207.8% during the 3rd quarter. Two Sigma Investments LP now owns 45,386 shares of the semiconductor company’s stock valued at $841,000 after purchasing an additional 30,641 shares in the last quarter. 7.16% of the stock is owned by institutional investors.

ChipMOS TECHNOLOGIES Company Profile

(Get Free Report)

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.

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