Short Interest in Chipmos Technologies (NASDAQ:IMOS) Grows By 98.1%

Chipmos Technologies (NASDAQ:IMOS) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 32,587 shares, a growth of 98.1% from the November 30th total of 16,452 shares. Based on an average daily trading volume, of 16,471 shares, the short-interest ratio is presently 2.0 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 16,471 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analyst Weigh In

IMOS has been the topic of several research reports. Wall Street Zen raised Chipmos Technologies from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Chipmos Technologies in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Chipmos Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMOS. Acadian Asset Management LLC grew its stake in shares of Chipmos Technologies by 14.5% during the first quarter. Acadian Asset Management LLC now owns 250,695 shares of the semiconductor company’s stock valued at $4,206,000 after acquiring an additional 31,768 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Chipmos Technologies by 66.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company’s stock valued at $1,253,000 after purchasing an additional 27,617 shares during the last quarter. Ballentine Partners LLC grew its stake in Chipmos Technologies by 110.7% during the 2nd quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company’s stock valued at $576,000 after purchasing an additional 16,707 shares in the last quarter. ABC Arbitrage SA purchased a new stake in Chipmos Technologies during the 3rd quarter worth approximately $290,000. Finally, Creative Planning increased its holdings in Chipmos Technologies by 50.3% during the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock worth $820,000 after purchasing an additional 15,150 shares during the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Stock Up 5.9%

Shares of NASDAQ:IMOS traded up $1.68 during midday trading on Friday, hitting $30.27. 15,514 shares of the company’s stock traded hands, compared to its average volume of 11,485. The firm’s fifty day moving average price is $26.03 and its two-hundred day moving average price is $20.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. Chipmos Technologies has a twelve month low of $12.78 and a twelve month high of $30.98. The company has a market cap of $1.07 billion, a PE ratio of 189.19 and a beta of 1.06.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The company had revenue of $201.70 million for the quarter, compared to analyst estimates of $6.50 billion. During the same period last year, the company posted $0.26 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year.

Chipmos Technologies declared that its board has approved a share repurchase program on Tuesday, September 2nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.