ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Reaches New 12-Month Low – Time to Sell?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares hit a new 52-week low on Friday . The stock traded as low as $18.11 and last traded at $18.13, with a volume of 22772 shares traded. The stock had previously closed at $18.68.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

ChipMOS TECHNOLOGIES Trading Down 2.9 %

The stock has a market cap of $659.24 million, a price-to-earnings ratio of 12.68 and a beta of 0.86. The company has a fifty day simple moving average of $19.56 and a 200-day simple moving average of $22.28. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 EPS for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The company had revenue of $191.70 million for the quarter.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Caprock Group LLC purchased a new stake in ChipMOS TECHNOLOGIES during the second quarter valued at about $441,000. Ballentine Partners LLC lifted its position in ChipMOS TECHNOLOGIES by 20.2% during the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 2,611 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of ChipMOS TECHNOLOGIES by 4.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after purchasing an additional 2,319 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of ChipMOS TECHNOLOGIES by 18.0% during the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 1,440 shares in the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, 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.