ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Down 9.0% in March

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 39,600 shares, a decrease of 9.0% from the March 15th total of 43,500 shares. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 11th.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Several hedge funds and other institutional investors have recently modified their holdings of IMOS. BlackRock Inc. grew its position in ChipMOS TECHNOLOGIES by 17.7% in the 1st quarter. BlackRock Inc. now owns 98,198 shares of the semiconductor company’s stock worth $3,489,000 after purchasing an additional 14,773 shares during the last quarter. LSV Asset Management grew its position in ChipMOS TECHNOLOGIES by 65.9% during the first quarter. LSV Asset Management now owns 6,800 shares of the semiconductor company’s stock worth $242,000 after buying an additional 2,700 shares in the last quarter. Renaissance Group LLC increased its stake in ChipMOS TECHNOLOGIES by 7.3% during the first quarter. Renaissance Group LLC now owns 32,696 shares of the semiconductor company’s stock valued at $1,162,000 after acquiring an additional 2,235 shares during the period. Vident Investment Advisory LLC acquired a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at approximately $241,000. Finally, Evergreen Capital Management LLC lifted its position in shares of ChipMOS TECHNOLOGIES by 13.9% in the 1st quarter. Evergreen Capital Management LLC now owns 6,812 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 833 shares during the period. Institutional investors and hedge funds own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Stock Down 2.4 %

ChipMOS TECHNOLOGIES stock opened at $29.13 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.38 and a quick ratio of 3.04. ChipMOS TECHNOLOGIES has a fifty-two week low of $21.58 and a fifty-two week high of $32.19. The firm has a fifty day moving average price of $29.62 and a two-hundred day moving average price of $27.05. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 17.65 and a beta of 0.92.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $187.00 million during the quarter, compared to the consensus estimate of $175.31 million. ChipMOS TECHNOLOGIES had a return on equity of 7.62% and a net margin of 8.85%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, 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.