Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Declines By 22.4%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 28,100 shares, a decrease of 22.4% from the February 13th total of 36,200 shares. Based on an average daily volume of 25,400 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Several large investors have recently bought and sold shares of IMOS. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 679 shares during the period. Parvin Asset Management LLC acquired a new stake in ChipMOS TECHNOLOGIES during the 4th quarter worth $505,000. Tower Research Capital LLC TRC boosted its holdings in shares of ChipMOS TECHNOLOGIES by 1,000.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 5,000 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of ChipMOS TECHNOLOGIES by 761.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 3,609 shares during the period. Finally, Lindbrook Capital LLC lifted its position in ChipMOS TECHNOLOGIES by 34.8% in the 4th 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 in the last quarter. 7.39% of the stock is currently owned by institutional investors and hedge funds.

ChipMOS TECHNOLOGIES Price Performance

NASDAQ:IMOS traded up $0.03 on Tuesday, reaching $18.66. The stock had a trading volume of 21,093 shares, compared to its average volume of 19,697. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $678.51 million, a P/E ratio of 13.05 and a beta of 0.90. ChipMOS TECHNOLOGIES has a 1-year low of $17.41 and a 1-year high of $32.19. The stock has a fifty day moving average price of $19.23 and a 200-day moving average price of $20.43.

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

ChipMOS TECHNOLOGIES announced that its board has authorized a share buyback program on Tuesday, January 21st that allows the company to buyback $0.00 in shares. This buyback authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors 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.