ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Update

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 17,600 shares, a drop of 37.4% from the February 28th total of 28,100 shares. Based on an average trading volume of 24,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

ChipMOS TECHNOLOGIES Stock Down 2.4 %

ChipMOS TECHNOLOGIES stock traded down $0.44 during mid-day trading on Friday, reaching $17.64. 24,616 shares of the company’s stock were exchanged, compared to its average volume of 19,690. The company has a market cap of $641.43 million, a P/E ratio of 12.34 and a beta of 0.90. The company has a fifty day moving average of $19.23 and a 200-day moving average of $20.21. ChipMOS TECHNOLOGIES has a twelve month low of $17.41 and a twelve month high of $31.46. 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 announced its quarterly earnings data on Tuesday, February 25th. The semiconductor company reported $0.19 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 firm had revenue of $164.70 million during the quarter, compared to analysts’ expectations of $175.60 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis.

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

Institutional Trading of ChipMOS TECHNOLOGIES

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of ChipMOS TECHNOLOGIES by 5.3% in the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company’s stock valued at $624,000 after acquiring an additional 1,680 shares during the last quarter. Parvin Asset Management LLC purchased a new position in ChipMOS TECHNOLOGIES in the fourth quarter valued at approximately $505,000. ABC Arbitrage SA acquired a new stake in ChipMOS TECHNOLOGIES during the fourth quarter worth approximately $393,000. Ballentine Partners LLC lifted 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 worth $327,000 after buying an additional 1,801 shares during the last quarter. Finally, XY Capital Ltd acquired a new position in shares of ChipMOS TECHNOLOGIES in the 4th quarter valued at $189,000. 7.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.