Chipmos Technologies (NASDAQ:IMOS) Sees Significant Decrease in Short Interest

by · The Markets Daily

Chipmos Technologies (NASDAQ:IMOS – Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 22,348 shares, a decline of 31.4% from the December 15th total of 32,587 shares. Based on an average daily trading volume, of 6,759 shares, the short-interest ratio is presently 3.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,759 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

IMOS has been the subject of a number of recent research reports. 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 lowered Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Report on IMOS

Hedge Funds Weigh In On Chipmos Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of Chipmos Technologies by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 410 shares during the last quarter. Allworth Financial LP grew its stake in Chipmos Technologies by 74.7% in the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 587 shares during the last quarter. Bank of America Corp DE raised its holdings in Chipmos Technologies by 10.0% in the 3rd quarter. Bank of America Corp DE now owns 13,037 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 1,185 shares during the period. Quadrant Capital Group LLC bought a new position in Chipmos Technologies in the 3rd quarter valued at about $219,000. Finally, Parallel Advisors LLC lifted its position in Chipmos Technologies by 44.4% during the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 1,890 shares during the last quarter. 7.39% of the stock is owned by institutional investors.

Chipmos Technologies Stock Performance

Shares of IMOS stock traded up $3.14 on Friday, reaching $42.57. The stock had a trading volume of 71,785 shares, compared to its average volume of 23,562. Chipmos Technologies has a 12 month low of $12.78 and a 12 month high of $43.16. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 266.06 and a beta of 1.04. The firm’s 50-day moving average is $29.82 and its two-hundred day moving average is $22.49. The company has a quick ratio of 2.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.42.

Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last announced its quarterly earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The firm had revenue of $201.70 million for the quarter, compared to the consensus estimate of $6.50 billion. During the same quarter in the previous year, the business earned $0.26 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year.

Chipmos Technologies Company Profile

(Get Free Report)

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.

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