Chipmos Technologies (NASDAQ:IMOS) Short Interest Up 20.9% in February

Chipmos Technologies (NASDAQ:IMOS) was the recipient of a large increase in short interest in 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. Based on an average daily trading volume, of 35,541 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 35,541 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Chipmos Technologies

Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its holdings in shares of Chipmos Technologies by 5.9% during the 2nd quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company’s stock worth $4,795,000 after buying an additional 14,697 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Chipmos Technologies by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,919 shares of the semiconductor company’s stock valued at $2,727,000 after buying an additional 356 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Chipmos Technologies by 3.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock worth $2,175,000 after buying an additional 2,240 shares during the period. Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 1,205 shares during the period. Finally, Creative Planning increased its holdings in 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 purchasing an additional 15,150 shares in the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Analysts Set New Price Targets

IMOS has been the subject of several recent research reports. Wall Street Zen raised Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Weiss Ratings raised Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Chipmos Technologies Stock Down 11.6%

IMOS stock opened at $38.25 on Wednesday. The company has a 50 day moving average price of $36.45 and a two-hundred day moving average price of $27.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The stock has a market capitalization of $1.35 billion, a P/E ratio of 88.95 and a beta of 1.00. Chipmos Technologies has a one year low of $12.78 and a one year high of $45.43.

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

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.