26,845 Shares in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Bought by Parvin Asset Management LLC

Parvin Asset Management LLC purchased a new position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,845 shares of the semiconductor company’s stock, valued at approximately $505,000. Parvin Asset Management LLC owned about 0.07% of ChipMOS TECHNOLOGIES as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in 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 worth $104,000 after buying an additional 5,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in ChipMOS TECHNOLOGIES by 761.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock worth $77,000 after buying an additional 3,609 shares during the last quarter. Lindbrook Capital LLC lifted its position in ChipMOS TECHNOLOGIES by 34.8% in the fourth 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 last quarter. Rhumbline Advisers lifted its position in ChipMOS TECHNOLOGIES by 5.3% in the fourth quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company’s stock worth $624,000 after buying an additional 1,680 shares during the last quarter. Finally, ABC Arbitrage SA bought a new stake in ChipMOS TECHNOLOGIES in the fourth quarter worth $393,000. 7.39% of the stock is currently owned by institutional investors.

ChipMOS TECHNOLOGIES Stock Up 2.8 %

Shares of IMOS opened at $16.83 on Wednesday. The firm has a market capitalization of $611.97 million, a P/E ratio of 11.77 and a beta of 0.94. ChipMOS TECHNOLOGIES INC. has a 12-month low of $12.78 and a 12-month high of $28.59. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $17.12 and a 200-day moving average price of $18.98.

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

ChipMOS TECHNOLOGIES announced that its board has authorized a stock repurchase plan on Tuesday, January 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

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

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.