Short Interest in Chipmos Technologies (NASDAQ:IMOS) Decreases By 31.4%

Chipmos Technologies (NASDAQ:IMOS) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 22,348 shares, a decline of 31.4% from the December 15th total of 32,587 shares. Based on an average trading volume of 6,759 shares, the days-to-cover ratio is currently 3.3 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 6,759 shares, the days-to-cover ratio is currently 3.3 days.

Analysts Set New Price Targets

IMOS has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Chipmos Technologies from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Weiss Ratings upgraded shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Chipmos Technologies Stock Up 8.0%

NASDAQ:IMOS traded up $3.14 during mid-day trading on Friday, reaching $42.57. The stock had a trading volume of 71,720 shares, compared to its average volume of 43,675. The stock has a market cap of $1.50 billion, a P/E ratio of 266.06 and a beta of 1.04. The business’s 50 day moving average is $29.40 and its 200 day moving average is $22.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.47 and a quick ratio of 2.12. Chipmos Technologies has a fifty-two week low of $12.78 and a fifty-two week high of $43.16.

Chipmos Technologies (NASDAQ:IMOS) last posted its earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a net margin of 0.78% and a return on equity of 0.75%. The company had revenue of $201.70 million during the quarter, compared to the consensus estimate of $6.50 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year.

Institutional Trading of Chipmos Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in IMOS. Allworth Financial LP grew its position in Chipmos Technologies by 74.7% in the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 587 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Chipmos Technologies by 125.5% in the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 1,204 shares during the period. GAMMA Investing LLC lifted its stake in shares of Chipmos Technologies by 131.7% in the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,629 shares during the period. Parallel Advisors LLC grew its position in Chipmos Technologies by 44.4% during the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock worth $117,000 after buying an additional 1,890 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Chipmos Technologies by 71.8% during the second quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 4,952 shares during the period. Institutional investors and hedge funds own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.