Chipmos Technologies Ltd. (NASDAQ:IMOS) saw strong trading volume on Thursday . 71,925 shares traded hands during trading, a decline of 6% from the previous session’s volume of 76,459 shares.The stock last traded at $17.25 and had previously closed at $17.09.

Separately, Zacks Investment Research lowered Chipmos Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday.

The company has a 50 day moving average price of $18.19 and a 200-day moving average price of $17.71. The stock has a market capitalization of $471.28 million and a PE ratio of 22.95.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.21 by $0.11. The firm earned $146.80 million during the quarter, compared to analyst estimates of $140.25 million. On average, analysts expect that Chipmos Technologies Ltd. will post $0.42 EPS for the current fiscal year.

Other hedge funds have bought and sold shares of the company. Morgan Stanley boosted its stake in Chipmos Technologies by 293.5% in the fourth quarter. Morgan Stanley now owns 483,828 shares of the company’s stock valued at $9,580,000 after buying an additional 360,872 shares in the last quarter. Connective Capital Management LLC boosted its stake in Chipmos Technologies by 11.4% in the fourth quarter. Connective Capital Management LLC now owns 73,081 shares of the company’s stock valued at $1,447,000 after buying an additional 7,506 shares in the last quarter. Seizert Capital Partners LLC boosted its stake in Chipmos Technologies by 1.0% in the fourth quarter. Seizert Capital Partners LLC now owns 286,504 shares of the company’s stock valued at $5,672,000 after buying an additional 2,728 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Chipmos Technologies by 4.3% in the fourth quarter. California Public Employees Retirement System now owns 102,300 shares of the company’s stock valued at $2,026,000 after buying an additional 4,200 shares in the last quarter.

ChipMOS TECHNOLOGIES (Bermuda) LTD. is a provider of semiconductor testing and assembly services. The Company is a provider of testing and assembly services for liquid crystal display (LCD) and other flat-panel display driver semiconductors in Taiwan and for memory and logic/mixed-signal products in Taiwan and Mainland China.

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