Creative Planning Purchases 15,150 Shares of Chipmos Technologies $IMOS

Creative Planning raised its position in Chipmos Technologies (NASDAQ:IMOS) by 50.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,283 shares of the semiconductor company’s stock after buying an additional 15,150 shares during the quarter. Creative Planning owned 0.13% of Chipmos Technologies worth $820,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of Chipmos Technologies by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock worth $1,034,000 after purchasing an additional 1,205 shares in the last quarter. Signaturefd LLC grew its holdings in Chipmos Technologies by 27.0% during the 2nd quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company’s stock worth $402,000 after acquiring an additional 4,716 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Chipmos Technologies by 5.9% in the second quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock worth $4,795,000 after purchasing an additional 14,697 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Chipmos Technologies by 110.7% in the 2nd quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company’s stock valued at $576,000 after buying an additional 16,707 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Chipmos Technologies by 66.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company’s stock valued at $1,253,000 after acquiring an additional 27,617 shares during the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IMOS shares. Wall Street Zen upgraded Chipmos Technologies from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Chipmos Technologies in a research report on Monday, November 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Chipmos Technologies Stock Performance

NASDAQ IMOS opened at $26.97 on Tuesday. The company has a 50-day simple moving average of $22.70 and a 200 day simple moving average of $19.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.97 and a current ratio of 2.29. Chipmos Technologies has a 52-week low of $12.78 and a 52-week high of $30.98. The company has a market capitalization of $950.05 million, a PE ratio of 299.67 and a beta of 1.10.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings data on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.13 by $0.20. The business had revenue of $201.70 million for the quarter, compared to the consensus estimate of $6.50 billion. Chipmos Technologies had a return on equity of 0.47% and a net margin of 0.50%.Chipmos Technologies’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share.

Chipmos Technologies announced that its Board of Directors has approved a share buyback plan on Tuesday, September 2nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Chipmos Technologies Company 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.