Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Expands By 6.5%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 14,700 shares, an increase of 6.5% from the August 31st total of 13,800 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Several institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC increased its stake in shares of ChipMOS TECHNOLOGIES by 1.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock valued at $3,605,000 after acquiring an additional 1,592 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in ChipMOS TECHNOLOGIES by 4.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after purchasing an additional 2,319 shares during the period. Caprock Group LLC acquired a new position in shares of ChipMOS TECHNOLOGIES in the 2nd quarter valued at $441,000. Ballentine Partners LLC grew its stake in shares of ChipMOS TECHNOLOGIES by 47.6% during the 1st quarter. Ballentine Partners LLC now owns 13,480 shares of the semiconductor company’s stock valued at $424,000 after buying an additional 4,348 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of ChipMOS TECHNOLOGIES by 49,831.3% during the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after buying an additional 7,973 shares during the period. 7.39% of the stock is currently owned by institutional investors and hedge funds.

ChipMOS TECHNOLOGIES Trading Down 0.6 %

Shares of IMOS stock opened at $23.26 on Wednesday. The company has a market capitalization of $845.78 million, a price-to-earnings ratio of 12.57 and a beta of 0.90. The company has a current ratio of 3.38, a quick ratio of 3.04 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $23.17 and a 200 day moving average price of $26.30. ChipMOS TECHNOLOGIES has a twelve month low of $21.47 and a twelve month high of $32.19.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). ChipMOS TECHNOLOGIES had a net margin of 8.67% and a return on equity of 7.72%. The firm had revenue of $179.00 million during the quarter, compared to analyst estimates of $177.96 million. During the same period in the prior year, the firm earned $0.56 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th.

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.