Chipmos Technologies Ltd. (IMOS) Sees Large Volume Increase
Chipmos Technologies Ltd. (NASDAQ:IMOS) saw an uptick in trading volume on Wednesday . 101,999 shares traded hands during trading, an increase of 21% from the previous session’s volume of 84,081 shares.The stock last traded at $17.34 and had previously closed at $17.33.
Separately, Zacks Investment Research lowered Chipmos Technologies from a “hold” rating to a “sell” rating in a report on Tuesday.
The stock’s 50 day moving average is $18.04 and its 200 day moving average is $17.63. The company has a market cap of $473.74 million and a PE ratio of 22.98.
Chipmos Technologies (NASDAQ:IMOS) last announced its 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 company earned $146.80 million during the quarter, compared to analyst estimates of $140.25 million. Equities research analysts predict that Chipmos Technologies Ltd. will post $0.42 earnings per share for the current year.
A number of large investors have modified their holdings of the stock. 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 during the period. 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 during the period. 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 during the period. Finally, 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 during the period.
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.