Chipmos Technologies Ltd. (NASDAQ:IMOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “ChipMOS TECHNOLOGIES INC. is a semiconductor service company. It provides testing services for liquid crystal display drivers, high density memory and mixed-signal semiconductors. The company operates primarily in Taiwan, Singapore, the United States, Japan, Korea, Hong Kong and other countries. ChipMOS TECHNOLOGIES INC., formerly known as ChipMOS TECHNOLOGIES LTD., is headquartered in Taiwan. “

Chipmos Technologies (NASDAQ IMOS) traded up 0.30% on Tuesday, hitting $20.19. 58,916 shares of the company were exchanged. Chipmos Technologies has a 52-week low of $13.94 and a 52-week high of $21.99. The stock’s 50-day moving average price is $20.39 and its 200-day moving average price is $17.67.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in Chipmos Technologies during the fourth quarter valued at approximately $1,419,000. Renaissance Group LLC boosted its stake in shares of Chipmos Technologies by 7.4% in the first quarter. Renaissance Group LLC now owns 17,558 shares of the semiconductor company’s stock valued at $312,000 after buying an additional 1,214 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Chipmos Technologies by 32.5% in the first quarter. Renaissance Technologies LLC now owns 2,012,388 shares of the semiconductor company’s stock valued at $35,720,000 after buying an additional 493,569 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Chipmos Technologies during the fourth quarter valued at about $1,764,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Chipmos Technologies during the first quarter valued at about $594,000. 23.64% of the stock is owned by hedge funds and other institutional investors.

Chipmos Technologies Company Profile

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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