Chipmos Technologies Ltd. (IMOS) Sees Large Volume Increase
Chipmos Technologies Ltd. (NASDAQ:IMOS) saw unusually-strong trading volume on Wednesday . Approximately 132,841 shares traded hands during trading, an increase of 24% from the previous session’s volume of 107,415 shares.The stock last traded at $17.69 and had previously closed at $17.57.
Separately, Zacks Investment Research raised shares of Chipmos Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th.
The company has a 50-day moving average of $17.64 and a 200-day moving average of $17.59. The company has a market cap of $496.68 million and a PE ratio of 23.75.
Chipmos Technologies (NASDAQ:IMOS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.10. During the same period in the prior year, the firm earned $0.08 earnings per share. The company had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $146.60 million. On average, analysts expect that Chipmos Technologies Ltd. will post $0.42 EPS for the current fiscal year.
A hedge fund recently raised its stake in Chipmos Technologies stock. California Public Employees Retirement System increased its stake in shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,300 shares of the company’s stock after buying an additional 4,200 shares during the period. California Public Employees Retirement System owned 0.36% of Chipmos Technologies worth $2,026,000 at the end of the most recent quarter.
ChipMOS TECHNOLOGIES (Bermuda) LTD. is a holding company. The Company is a provider of semiconductor assembly and test services. The Company provides 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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