ABC Arbitrage SA Makes New Investment in Chipmos Technologies $IMOS

ABC Arbitrage SA purchased a new position in shares of Chipmos Technologies (NASDAQ:IMOS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,185 shares of the semiconductor company’s stock, valued at approximately $290,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Chipmos Technologies by 66.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company’s stock worth $1,253,000 after acquiring an additional 27,617 shares during the period. Creative Planning boosted its holdings in Chipmos Technologies by 50.3% in the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock valued at $820,000 after purchasing an additional 15,150 shares in the last quarter. Acadian Asset Management LLC increased its position in Chipmos Technologies by 5.9% during the 2nd 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 period. Rhumbline Advisers raised its stake in shares of Chipmos Technologies by 51.4% during the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after buying an additional 12,759 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Chipmos Technologies by 71.8% in the 2nd quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 4,952 shares during the period. 7.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on IMOS. Weiss Ratings upgraded shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Wall Street Zen upgraded Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Chipmos Technologies has an average rating of “Hold”.

Chipmos Technologies Stock Performance

NASDAQ:IMOS opened at $35.21 on Thursday. The firm’s fifty day simple moving average is $33.82 and its 200 day simple moving average is $25.04. The company has a current ratio of 2.47, a quick ratio of 2.12 and a debt-to-equity ratio of 0.42. Chipmos Technologies has a twelve month low of $12.78 and a twelve month high of $45.43. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 220.06 and a beta of 1.04.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings data on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The company had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $6.50 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.