Short Interest in Chipmos Technologies (NASDAQ:IMOS) Increases By 20.9%

Chipmos Technologies (NASDAQ:IMOS) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 19,456 shares, an increase of 20.9% from the January 29th total of 16,094 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 35,541 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 35,541 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Chipmos Technologies Trading Up 2.5%

Shares of NASDAQ:IMOS opened at $38.61 on Friday. The business’s 50-day moving average is $36.84 and its 200 day moving average is $27.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.47 and a quick ratio of 2.12. Chipmos Technologies has a 1 year low of $12.78 and a 1 year high of $45.43. The firm has a market capitalization of $1.36 billion, a P/E ratio of 89.79 and a beta of 1.00.

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

Institutional Trading of Chipmos Technologies

Several institutional investors and hedge funds have recently bought and sold shares of IMOS. Acadian Asset Management LLC raised its holdings in shares of Chipmos Technologies by 5.9% during 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. Dimensional Fund Advisors LP grew its position in Chipmos Technologies by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,919 shares of the semiconductor company’s stock worth $2,727,000 after purchasing an additional 356 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Chipmos Technologies by 3.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock valued at $2,175,000 after buying an additional 2,240 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Chipmos Technologies by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock valued at $1,034,000 after buying an additional 1,205 shares during the period. Finally, Creative Planning lifted its holdings in shares of 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 buying an additional 15,150 shares during the period. 7.39% of the stock is currently owned by institutional investors and hedge funds.

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.