Chipmos Technologies (NASDAQ:IMOS) Sees Large Increase in Short Interest

Chipmos Technologies (NASDAQ:IMOS) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 89,881 shares, a growth of 302.2% from the December 31st total of 22,348 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 40,513 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily volume of 40,513 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Chipmos Technologies

Several institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC boosted its holdings in 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. Vanguard Personalized Indexing Management LLC raised its position in shares of Chipmos Technologies by 2.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 71,140 shares of the semiconductor company’s stock valued at $1,361,000 after purchasing an additional 1,949 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Chipmos Technologies by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company’s stock valued at $1,034,000 after acquiring an additional 1,205 shares in the last quarter. Creative Planning boosted its stake in Chipmos Technologies by 50.3% in the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock worth $820,000 after purchasing an additional 15,150 shares during the period. Finally, Rhumbline Advisers grew 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 acquiring an additional 12,759 shares in the last quarter. 7.39% of the stock is owned by hedge funds and other institutional investors.

Chipmos Technologies Trading Down 7.0%

IMOS traded down $2.90 on Thursday, hitting $38.80. 56,313 shares of the company were exchanged, compared to its average volume of 43,174. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. Chipmos Technologies has a 12 month low of $12.78 and a 12 month high of $45.43. The firm has a fifty day simple moving average of $32.29 and a two-hundred day simple moving average of $23.83. The stock has a market capitalization of $1.37 billion, a PE ratio of 242.50 and a beta of 1.04.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Wall Street Zen lowered Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.