Shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) saw strong trading volume on Thursday . 71,925 shares changed hands during mid-day 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 downgraded Chipmos Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday.

The stock has a 50-day moving average price of $18.15 and a 200-day moving average price of $17.68. The stock has a market cap of $472.10 million and a price-to-earnings ratio of 22.93.

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

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