Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Declines By 17.0%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 14,600 shares, a decline of 17.0% from the March 15th total of 17,600 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 26,200 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in ChipMOS TECHNOLOGIES by 8.6% in the 4th quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 679 shares during the last quarter. Lindbrook Capital LLC increased its stake in ChipMOS TECHNOLOGIES by 34.8% in the fourth quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 826 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of ChipMOS TECHNOLOGIES by 5.3% during the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company’s stock valued at $624,000 after buying an additional 1,680 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of ChipMOS TECHNOLOGIES by 11.6% in the 4th quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 1,801 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of ChipMOS TECHNOLOGIES by 761.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 3,609 shares during the last quarter. Institutional investors own 7.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Price Performance

IMOS traded up $0.33 during trading on Tuesday, hitting $15.42. 16,601 shares of the stock traded hands, compared to its average volume of 26,760. The business has a 50 day moving average price of $17.66 and a 200 day moving average price of $19.25. The company has a market cap of $560.52 million, a price-to-earnings ratio of 10.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72. ChipMOS TECHNOLOGIES has a twelve month low of $12.78 and a twelve month high of $28.78.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings data on Tuesday, February 25th. The semiconductor company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $164.70 million for the quarter, compared to analyst estimates of $175.60 million. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share.

ChipMOS TECHNOLOGIES announced that its board has initiated a stock repurchase plan on Tuesday, January 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, 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.