XY Capital Ltd Acquires New Holdings in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

XY Capital Ltd bought a new position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,020 shares of the semiconductor company’s stock, valued at approximately $189,000.

Separately, Blue Trust Inc. lifted its stake in shares of ChipMOS TECHNOLOGIES by 18.0% in the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock worth $221,000 after acquiring an additional 1,440 shares during the period. Institutional investors own 7.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Trading Up 1.6 %

Shares of NASDAQ:IMOS opened at $19.32 on Monday. The stock has a market capitalization of $702.48 million, a price-to-earnings ratio of 13.51 and a beta of 0.85. ChipMOS TECHNOLOGIES INC. has a 1-year low of $17.70 and a 1-year high of $32.19. The company has a 50 day moving average price of $19.15 and a 200 day moving average price of $21.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07.

ChipMOS TECHNOLOGIES announced that its board has approved a stock repurchase program on Tuesday, January 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

ChipMOS TECHNOLOGIES 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.