Chipmos Technologies (NASDAQ:IMOS) Sees Unusually-High Trading Volume – Here’s Why

Chipmos Technologies (NASDAQ:IMOS) saw unusually-high trading volume on Friday . Approximately 28,664 shares traded hands during trading, a decline of 44% from the previous session’s volume of 51,063 shares.The stock last traded at $45.4340 and had previously closed at $45.77.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IMOS. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a report on Friday, April 10th. Wall Street Zen raised Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Chipmos Technologies Stock Down 0.4%

The firm has a market capitalization of $1.61 billion, a PE ratio of 106.08 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08. The company has a 50-day moving average price of $39.34 and a 200 day moving average price of $32.70.

Chipmos Technologies (NASDAQ:IMOS) last released its earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12. The firm had revenue of $207.78 million during the quarter, compared to analysts’ expectations of $6.50 billion. Chipmos Technologies had a return on equity of 1.90% and a net margin of 1.88%.The firm’s revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share.

Institutional Trading of Chipmos Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its stake in Chipmos Technologies by 74.7% in the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 587 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Chipmos Technologies by 16,828.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,178 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of Chipmos Technologies by 125.5% in the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after buying an additional 1,204 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in Chipmos Technologies during the fourth quarter valued at approximately $54,000. Finally, GAMMA Investing LLC grew its holdings in Chipmos Technologies by 131.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,629 shares in the last quarter. 7.39% of the stock is currently owned by institutional investors.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.