Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Decreases By 22.4%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 28,100 shares, a decline of 22.4% from the February 13th total of 36,200 shares. Based on an average trading volume of 25,400 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

ChipMOS TECHNOLOGIES Stock Up 1.7 %

IMOS traded up $0.32 during trading on Monday, reaching $18.64. 17,453 shares of the stock traded hands, compared to its average volume of 24,087. ChipMOS TECHNOLOGIES has a fifty-two week low of $17.41 and a fifty-two week high of $32.19. The stock’s 50-day simple moving average is $19.23 and its two-hundred day simple moving average is $20.50. The stock has a market cap of $677.79 million, a price-to-earnings ratio of 13.04 and a beta of 0.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings results on Tuesday, February 25th. The semiconductor company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The company had revenue of $164.70 million during the quarter, compared to analyst estimates of $175.60 million. During the same period in the prior year, the firm earned $0.43 EPS. ChipMOS TECHNOLOGIES’s quarterly revenue was down 5.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES announced that its Board of Directors has authorized a share repurchase program on Tuesday, January 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of institutional investors and hedge funds have recently made changes to their positions in IMOS. Lindbrook Capital LLC lifted its position in shares of ChipMOS TECHNOLOGIES by 34.8% during the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 826 shares during the last quarter. JPMorgan Chase & Co. increased its stake in ChipMOS TECHNOLOGIES by 761.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 3,609 shares during the period. Tower Research Capital LLC TRC increased its stake in ChipMOS TECHNOLOGIES by 1,000.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 5,000 shares during the period. Bank of America Corp DE increased its stake in ChipMOS TECHNOLOGIES by 8.6% during the fourth quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 679 shares during the period. Finally, XY Capital Ltd bought a new position in ChipMOS TECHNOLOGIES during the fourth quarter valued at about $189,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

About ChipMOS TECHNOLOGIES

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.