Short Interest in Chipmos Technologies (NASDAQ:IMOS) Increases By 140.6%

Chipmos Technologies (NASDAQ:IMOS) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 37,452 shares, a growth of 140.6% from the February 26th total of 15,563 shares. Based on an average daily trading volume, of 45,201 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IMOS. Weiss Ratings upgraded Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Wall Street Zen upgraded Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Chipmos Technologies Stock Up 0.8%

NASDAQ:IMOS opened at $38.07 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.47 and a quick ratio of 2.12. The firm’s 50-day moving average price is $38.54 and its 200-day moving average price is $29.62. The company has a market capitalization of $1.34 billion, a PE ratio of 88.53 and a beta of 1.00. Chipmos Technologies has a 1-year low of $12.78 and a 1-year high of $45.43.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The company had revenue of $207.78 million during the quarter, compared to analysts’ expectations of $6.50 billion. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. Chipmos Technologies’s revenue was up 26.2% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS.

Institutional Trading of Chipmos Technologies

Hedge funds have recently made changes to their positions in the stock. Creative Planning increased its position in Chipmos Technologies by 50.3% during the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock valued at $820,000 after buying an additional 15,150 shares in the last quarter. Rhumbline Advisers raised its stake in Chipmos Technologies by 51.4% during the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after buying an additional 12,759 shares during the last quarter. Bank of America Corp DE boosted its holdings in Chipmos Technologies by 71.8% in the second quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 4,952 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Chipmos Technologies by 131.7% in the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 1,629 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Chipmos Technologies by 2.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 71,140 shares of the semiconductor company’s stock worth $1,361,000 after acquiring an additional 1,949 shares during the last quarter. 7.39% of the stock is owned by institutional investors.

About Chipmos Technologies

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.