Lindbrook Capital LLC Purchases 826 Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

Lindbrook Capital LLC grew its position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 34.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,201 shares of the semiconductor company’s stock after acquiring an additional 826 shares during the quarter. Lindbrook Capital LLC’s holdings in ChipMOS TECHNOLOGIES were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of ChipMOS TECHNOLOGIES by 5.3% during the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company’s stock valued at $624,000 after purchasing an additional 1,680 shares during the last quarter. ABC Arbitrage SA bought a new position in shares of ChipMOS TECHNOLOGIES during the 4th quarter valued at approximately $393,000. XY Capital Ltd bought a new position in shares of ChipMOS TECHNOLOGIES during the 4th quarter valued at approximately $189,000. Finally, Ballentine Partners LLC increased its position in shares of 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 purchasing an additional 1,801 shares during the last quarter. Institutional investors own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Stock Performance

NASDAQ IMOS opened at $18.70 on Friday. The business’s 50 day moving average price is $19.31 and its 200-day moving average price is $20.70. ChipMOS TECHNOLOGIES INC. has a fifty-two week low of $17.70 and a fifty-two week high of $32.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. The company has a market cap of $679.97 million, a P/E ratio of 13.08 and a beta of 0.90.

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

ChipMOS TECHNOLOGIES declared that its board has initiated a share buyback plan on Tuesday, January 21st that allows the company to buyback $0.00 in shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

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

ChipMOS TECHNOLOGIES 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.