Vanguard Personalized Indexing Management LLC Raises Holdings in Chipmos Technologies $IMOS

Vanguard Personalized Indexing Management LLC increased its position in Chipmos Technologies (NASDAQ:IMOS) by 66.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,191 shares of the semiconductor company’s stock after buying an additional 27,617 shares during the quarter. Vanguard Personalized Indexing Management LLC owned about 0.19% of Chipmos Technologies worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Acadian Asset Management LLC raised its position in shares of Chipmos Technologies by 14.5% in the 1st quarter. Acadian Asset Management LLC now owns 250,695 shares of the semiconductor company’s stock worth $4,206,000 after buying an additional 31,768 shares during the period. Envestnet Asset Management Inc. raised its position in Chipmos Technologies by 35.4% in the first quarter. Envestnet Asset Management Inc. now owns 55,886 shares of the semiconductor company’s stock valued at $941,000 after purchasing an additional 14,620 shares during the period. Ballentine Partners LLC raised its position in Chipmos Technologies by 110.7% in the second quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company’s stock valued at $576,000 after purchasing an additional 16,707 shares during the period. Signaturefd LLC raised its position in Chipmos Technologies by 27.0% in the second quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company’s stock valued at $402,000 after purchasing an additional 4,716 shares during the period. Finally, Wealthquest Corp purchased a new position in Chipmos Technologies in the first quarter valued at about $52,000. 7.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on IMOS shares. Wall Street Zen raised Chipmos Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Chipmos Technologies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Chipmos Technologies Stock Up 2.4%

Shares of NASDAQ IMOS opened at $20.32 on Friday. Chipmos Technologies has a 1 year low of $12.78 and a 1 year high of $22.66. The firm has a market cap of $728.68 million, a price-to-earnings ratio of 225.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.97 and a current ratio of 2.29. The stock’s 50-day simple moving average is $18.03 and its 200-day simple moving average is $17.83.

Chipmos Technologies (NASDAQ:IMOS) last announced its earnings results on Tuesday, August 12th. The semiconductor company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.80). Chipmos Technologies had a return on equity of 0.47% and a net margin of 0.50%.The business had revenue of $188.55 million for the quarter, compared to analysts’ expectations of $5.82 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year.

Chipmos Technologies declared that its board has approved a share buyback program on Tuesday, September 2nd 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 programs are typically a sign that the company’s board believes its shares are 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.