Envestnet Asset Management Inc. Has $777,000 Holdings in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

Envestnet Asset Management Inc. cut its holdings in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,266 shares of the semiconductor company’s stock after selling 5,211 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of ChipMOS TECHNOLOGIES worth $777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lindbrook Capital LLC raised its holdings in shares of ChipMOS TECHNOLOGIES by 34.8% in the fourth quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 826 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of ChipMOS TECHNOLOGIES by 761.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 3,609 shares in the last quarter. XY Capital Ltd bought a new stake in shares of ChipMOS TECHNOLOGIES during the fourth quarter valued at approximately $189,000. Ballentine Partners LLC increased its holdings in shares of ChipMOS TECHNOLOGIES by 11.6% in the fourth quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 1,801 shares in the last quarter. Finally, ABC Arbitrage SA bought a new position in ChipMOS TECHNOLOGIES in the 4th quarter worth approximately $393,000. 7.39% of the stock is owned by institutional investors and hedge funds.

ChipMOS TECHNOLOGIES Stock Performance

ChipMOS TECHNOLOGIES stock opened at $17.78 on Friday. ChipMOS TECHNOLOGIES INC. has a 1 year low of $12.78 and a 1 year high of $28.52. The company’s 50-day moving average is $16.93 and its two-hundred day moving average is $18.90. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The company has a market cap of $646.52 million, a PE ratio of 12.43 and a beta of 0.94.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings results on Tuesday, February 25th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $175.60 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

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

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.