Short Interest in Chipmos Technologies (NASDAQ:IMOS) Declines By 20.0%

Chipmos Technologies (NASDAQ:IMOS) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 15,563 shares, a decline of 20.0% from the February 12th total of 19,456 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 46,190 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 46,190 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Chipmos Technologies

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in shares of Chipmos Technologies by 74.7% in the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 587 shares during the period. Farther Finance Advisors LLC lifted its position in Chipmos Technologies by 16,828.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after buying an additional 1,178 shares in the last quarter. Westside Investment Management Inc. boosted its position in Chipmos Technologies by 125.5% in the 3rd 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 last quarter. Smartleaf Asset Management LLC bought a new position in shares of Chipmos Technologies in the 4th quarter valued at about $54,000. Finally, GAMMA Investing LLC grew its stake in shares of Chipmos Technologies by 131.7% during the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 1,629 shares during the period. 7.39% of the stock is owned by institutional investors.

Chipmos Technologies Stock Down 0.9%

Shares of IMOS stock traded down $0.35 during mid-day trading on Friday, reaching $37.73. 42,165 shares of the company were exchanged, compared to its average volume of 44,995. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The business’s 50 day simple moving average is $37.83 and its 200 day simple moving average is $28.33. The company has a market capitalization of $1.33 billion, a P/E ratio of 87.74 and a beta of 1.00. Chipmos Technologies has a fifty-two week low of $12.78 and a fifty-two week high of $45.43.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The business had revenue of $207.78 million during the quarter, compared to the consensus estimate of $6.50 billion. Chipmos Technologies had a return on equity of 1.90% and a net margin of 1.88%.The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS.

Analyst Ratings Changes

A number of analysts recently issued reports on IMOS shares. Wall Street Zen upgraded shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Weiss Ratings raised Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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.