ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Down 23.8% in February

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 36,200 shares, a decline of 23.8% from the January 31st total of 47,500 shares. Based on an average trading volume of 25,700 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in ChipMOS TECHNOLOGIES by 5.3% during the fourth quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company’s stock worth $624,000 after acquiring an additional 1,680 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of ChipMOS TECHNOLOGIES during the 4th quarter worth about $505,000. ABC Arbitrage SA purchased a new stake in ChipMOS TECHNOLOGIES in the 4th quarter valued at about $393,000. Ballentine Partners LLC lifted its position in ChipMOS TECHNOLOGIES by 11.6% in the fourth quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 1,801 shares during the last quarter. Finally, XY Capital Ltd purchased a new position in ChipMOS TECHNOLOGIES during the fourth quarter worth about $189,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Price Performance

NASDAQ:IMOS opened at $18.65 on Thursday. ChipMOS TECHNOLOGIES has a one year low of $17.70 and a one year high of $32.19. The stock has a market cap of $678.15 million, a PE ratio of 13.04 and a beta of 0.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. The stock has a 50 day moving average price of $19.35 and a 200 day moving average price of $20.78.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its earnings results on Tuesday, February 25th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The company had revenue of $164.70 million during the quarter, compared to analysts’ expectations of $175.60 million. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share.

ChipMOS TECHNOLOGIES announced that its board has authorized a stock repurchase plan on Tuesday, January 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

About ChipMOS TECHNOLOGIES

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.