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

Chipmos Technologies (NASDAQ:IMOS) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 32,587 shares, a growth of 98.1% from the November 30th total of 16,452 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 16,471 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 16,471 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IMOS shares. Wall Street Zen raised Chipmos Technologies from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chipmos Technologies in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Chipmos Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ballentine Partners LLC increased its position in shares of Chipmos Technologies by 110.7% in the second quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company’s stock valued at $576,000 after buying an additional 16,707 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Chipmos Technologies by 66.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company’s stock valued at $1,253,000 after acquiring an additional 27,617 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Chipmos Technologies by 5.9% during the 2nd quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock valued at $4,795,000 after acquiring an additional 14,697 shares in the last quarter. Creative Planning increased its holdings 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 acquiring an additional 15,150 shares in the last quarter. Finally, Signaturefd LLC raised its position in Chipmos Technologies by 27.0% during the second quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company’s stock worth $402,000 after acquiring an additional 4,716 shares during the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

Chipmos Technologies Stock Performance

Shares of NASDAQ:IMOS traded down $0.50 during trading on Monday, reaching $29.77. The company had a trading volume of 2,669 shares, compared to its average volume of 21,549. Chipmos Technologies has a fifty-two week low of $12.78 and a fifty-two week high of $30.98. 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 stock’s fifty day moving average price is $26.03 and its 200 day moving average price is $20.93. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 186.07 and a beta of 1.06.

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

Chipmos Technologies announced that its board has initiated a share buyback plan on Tuesday, September 2nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.