Chipmos Technologies (NASDAQ:IMOS) Short Interest Up 20.9% in February

Chipmos Technologies (NASDAQ:IMOS) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 19,456 shares, a growth of 20.9% from the January 29th total of 16,094 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 35,541 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 35,541 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Chipmos Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in Chipmos Technologies by 5.9% during the 2nd quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock worth $4,795,000 after buying an additional 14,697 shares during the last quarter. Creative Planning increased its holdings in shares of Chipmos Technologies by 50.3% in the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock valued at $820,000 after acquiring an additional 15,150 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Chipmos Technologies during the 3rd quarter valued at approximately $290,000. Envestnet Asset Management Inc. raised its position in shares of Chipmos Technologies by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock valued at $1,034,000 after acquiring an additional 1,205 shares in the last quarter. Finally, Smartleaf Asset Management LLC bought a new position in Chipmos Technologies during the fourth quarter worth $54,000. 7.39% of the stock is owned by institutional investors.

Chipmos Technologies Stock Down 11.6%

Shares of NASDAQ:IMOS opened at $38.25 on Wednesday. The firm has a market cap of $1.35 billion, a PE ratio of 88.95 and a beta of 1.00. The company has a fifty day simple moving average of $36.45 and a 200 day simple moving average of $27.14. The company has a current ratio of 2.47, a quick ratio of 2.12 and a debt-to-equity ratio of 0.42. Chipmos Technologies has a 12-month low of $12.78 and a 12-month high of $45.43.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings data on Tuesday, February 24th. The semiconductor company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The firm had revenue of $207.78 million for the quarter, compared to the consensus estimate of $6.50 billion. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. The firm’s revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IMOS shares. Weiss Ratings upgraded shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Wall Street Zen raised Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Chipmos Technologies

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.