Renaissance Technologies LLC Reduces Stock Holdings in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

Renaissance Technologies LLC reduced its position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,183,790 shares of the semiconductor company’s stock after selling 36,801 shares during the quarter. Renaissance Technologies LLC owned approximately 3.26% of ChipMOS TECHNOLOGIES worth $22,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers boosted its position in ChipMOS TECHNOLOGIES by 5.3% during the fourth quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company’s stock worth $624,000 after purchasing an additional 1,680 shares during the period. ABC Arbitrage SA bought a new position in ChipMOS TECHNOLOGIES in the 4th quarter worth approximately $393,000. Lindbrook Capital LLC boosted its holdings in ChipMOS TECHNOLOGIES by 34.8% in the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company’s stock worth $60,000 after buying an additional 826 shares during the period. XY Capital Ltd purchased a new position in ChipMOS TECHNOLOGIES in the 4th quarter valued at approximately $189,000. Finally, Ballentine Partners LLC raised its holdings in ChipMOS TECHNOLOGIES by 11.6% during the 4th quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company’s stock valued at $327,000 after acquiring an additional 1,801 shares during the period. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Analyst Ratings Changes

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

ChipMOS TECHNOLOGIES Stock Up 12.3 %

IMOS stock opened at $15.39 on Friday. The stock has a 50-day simple moving average of $18.12 and a two-hundred day simple moving average of $19.59. ChipMOS TECHNOLOGIES INC. has a twelve month low of $12.78 and a twelve month high of $30.05. The firm has a market capitalization of $559.61 million, a PE ratio of 10.76 and a beta of 0.94. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its quarterly earnings data 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 net margin of 7.25% and a return on equity of 6.66%. The firm had revenue of $164.70 million for the quarter, compared to analysts’ expectations of $175.60 million. During the same period in the prior year, the firm posted $0.43 EPS. ChipMOS TECHNOLOGIES’s revenue was down 5.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES announced that its Board of Directors has initiated a share buyback program on Tuesday, January 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

About ChipMOS TECHNOLOGIES

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.