Short Interest in Chipmos Technologies (NASDAQ:IMOS) Decreases By 82.1%

Chipmos Technologies (NASDAQ:IMOS) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 16,094 shares, a decrease of 82.1% from the January 15th total of 89,881 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 45,214 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 45,214 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Several brokerages have weighed in on IMOS. Wall Street Zen upgraded shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings upgraded shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Chipmos Technologies has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IMOS. Vanguard Personalized Indexing Management LLC grew its stake in Chipmos Technologies by 66.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company’s stock worth $1,253,000 after purchasing an additional 27,617 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Chipmos Technologies by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock valued at $1,034,000 after buying an additional 1,205 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Chipmos Technologies by 5.9% in the 2nd quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock worth $4,795,000 after buying an additional 14,697 shares during the period. Creative Planning grew its position in shares of Chipmos Technologies by 50.3% in the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock worth $820,000 after buying an additional 15,150 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Chipmos Technologies by 51.4% in the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after acquiring an additional 12,759 shares in the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Stock Down 0.1%

Shares of IMOS stock traded down $0.03 during trading hours on Wednesday, reaching $35.07. The company had a trading volume of 15,337 shares, compared to its average volume of 41,175. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.47 and a quick ratio of 2.12. The business has a fifty day simple moving average of $33.68 and a 200-day simple moving average of $24.97. Chipmos Technologies has a 12 month low of $12.78 and a 12 month high of $45.43. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 216.66 and a beta of 1.04.

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

About Chipmos Technologies

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.