ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Update

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 39,600 shares, a drop of 9.0% from the March 15th total of 43,500 shares. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of ChipMOS TECHNOLOGIES by 17.7% in the 1st quarter. BlackRock Inc. now owns 98,198 shares of the semiconductor company’s stock valued at $3,489,000 after purchasing an additional 14,773 shares in the last quarter. LSV Asset Management increased its stake in shares of ChipMOS TECHNOLOGIES by 65.9% in the first quarter. LSV Asset Management now owns 6,800 shares of the semiconductor company’s stock worth $242,000 after buying an additional 2,700 shares during the last quarter. Renaissance Group LLC raised its holdings in ChipMOS TECHNOLOGIES by 7.3% in the first quarter. Renaissance Group LLC now owns 32,696 shares of the semiconductor company’s stock valued at $1,162,000 after acquiring an additional 2,235 shares in the last quarter. Vident Investment Advisory LLC bought a new position in ChipMOS TECHNOLOGIES during the 1st quarter valued at $241,000. Finally, Evergreen Capital Management LLC grew its holdings in ChipMOS TECHNOLOGIES by 13.9% during the 1st quarter. Evergreen Capital Management LLC now owns 6,812 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 833 shares in the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 11th.

ChipMOS TECHNOLOGIES Stock Performance

Shares of NASDAQ:IMOS opened at $28.78 on Wednesday. The company has a market cap of $1.05 billion, a P/E ratio of 17.44 and a beta of 0.92. ChipMOS TECHNOLOGIES has a one year low of $21.58 and a one year high of $32.19. The business’s 50-day simple moving average is $29.67 and its 200 day simple moving average is $27.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.04 and a current ratio of 3.38.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $187.00 million for the quarter, compared to analysts’ expectations of $175.31 million. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.62%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.