Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Decreases By 22.4%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 28,100 shares, a decrease of 22.4% from the February 13th total of 36,200 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 25,400 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IMOS. Parvin Asset Management LLC acquired a new position in shares of ChipMOS TECHNOLOGIES in the 4th quarter valued at $505,000. ABC Arbitrage SA bought a new stake in shares of ChipMOS TECHNOLOGIES in the 4th quarter valued at $393,000. XY Capital Ltd bought a new stake in shares of ChipMOS TECHNOLOGIES in the 4th quarter valued at $189,000. Tower Research Capital LLC TRC grew its holdings in ChipMOS TECHNOLOGIES by 1,000.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 5,000 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in ChipMOS TECHNOLOGIES by 761.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 3,609 shares during the period. Institutional investors and hedge funds own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Trading Up 1.7 %

NASDAQ:IMOS traded up $0.32 during trading hours on Monday, hitting $18.64. 17,453 shares of the stock were exchanged, compared to its average volume of 24,087. The company’s 50 day moving average is $19.23 and its two-hundred day moving average is $20.50. ChipMOS TECHNOLOGIES has a twelve month low of $17.41 and a twelve month high of $32.19. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $677.79 million, a P/E ratio of 13.04 and a beta of 0.90.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings data 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). ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The firm had revenue of $164.70 million for the quarter, compared to analyst estimates of $175.60 million. During the same period in the prior year, the company posted $0.43 EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year.

ChipMOS TECHNOLOGIES declared that its board has authorized a share buyback plan on Tuesday, January 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership 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.