ChipMOS TECHNOLOGIES (NASDAQ:IMOS – Get Assessment) was downgraded by investment analysts from a “buy” rating to a “hold” rating in a report released Friday.

Separately, TheStreet downgraded ChipMOS TECHNOLOGIES from a “b-” rating to a “c+” rating in a Thursday, October 6 research report.

Price performance of ChipMOS TECHNOLOGIES

NASDAQ:IMOS shares traded at $0.16 during midday trading on Friday, hitting $20.17. 31,350 shares of the company have been traded, against an average volume of 32,740. The company has a market capitalization of $733.42 million, a price-earnings ratio of 3.89 and a beta of 0.95. The company’s 50-day simple moving average is $20.13 and its 200-day simple moving average is $25.56. ChipMOS TECHNOLOGIES has a 1-year low of $17.50 and a 1-year high of $37.76.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS – Get Rating) last announced its quarterly results on Thursday, August 4. The semiconductor company reported EPS of $1.22 for the quarter. ChipMOS TECHNOLOGIES achieved a net margin of 19.49% and a return on equity of 22.36%. The company posted revenue of $232.84 million for the quarter.

Institutional trading of ChipMOS TECHNOLOGIES

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Renaissance Technologies LLC increased its position in shares of ChipMOS TECHNOLOGIES by 0.3% in the second quarter. Renaissance Technologies LLC now owns 1,434,100 shares of the semiconductor company valued at $35,824,000 after purchasing an additional 4,500 shares during the period. Crossmark Global Holdings Inc. increased its equity stake in ChipMOS TECHNOLOGIES by 0.6% during Q2. Crossmark Global Holdings Inc. now owns 165,527 shares of the semiconductor company worth $4,135,000 after acquiring an additional 1,061 shares during the period. BlackRock Inc. increased its stake in ChipMOS TECHNOLOGIES shares by 17.7% in the 1st quarter. BlackRock Inc. now owns 98,198 shares of the semiconductor company worth $3,489,000 after acquiring 14,773 additional shares during the period. Envestnet Asset Management Inc. increased its holdings in ChipMOS TECHNOLOGIES by 7.6% in the second quarter. Envestnet Asset Management Inc. now owns 50,062 shares of the semiconductor company valued at $1,251,000 after buying 3,521 additional shares during the period. Finally, Renaissance Group LLC increased its position in ChipMOS TECHNOLOGIES by 7.3% during the first quarter. Renaissance Group LLC now owns 32,696 shares of the semiconductor company worth $1,162,000 after buying 2,235 additional shares in the last quarter. 7.15% of the shares are held by hedge funds and other institutional investors.

ChipMOS TECHNOLOGIES Company Profile

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ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture and sales of high-integration, high-precision ICs and related assembly and testing services in Taiwan, People’s Republic of China, Japan , in Singapore and internationally. It works through testing; Assembly; Testing and assembly for LCD, OLED and other display panel driver semiconductors; to hit ; and Other Segments.

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