Chipmos Technologies (NASDAQ:IMOS) Short Interest Down 20.0% in February

Chipmos Technologies (NASDAQ:IMOS) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 15,563 shares, a decline of 20.0% from the February 12th total of 19,456 shares. Based on an average daily volume of 46,190 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 46,190 shares, the short-interest ratio is presently 0.3 days.

Chipmos Technologies Price Performance

Shares of Chipmos Technologies stock traded up $2.02 on Monday, hitting $39.75. 34,803 shares of the company were exchanged, compared to its average volume of 46,098. Chipmos Technologies has a 1-year low of $12.78 and a 1-year high of $45.43. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 92.44 and a beta of 0.99. The company has a 50-day moving average price of $38.02 and a 200 day moving average price of $28.59. The company has a quick ratio of 2.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.42.

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

Institutional Investors Weigh In On Chipmos Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning grew its holdings in shares of Chipmos Technologies by 50.3% during 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. ABC Arbitrage SA purchased a new stake in Chipmos Technologies in the 3rd quarter valued at about $290,000. Envestnet Asset Management Inc. raised its holdings in 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 buying an additional 1,205 shares during the period. Parallel Advisors LLC lifted its position in Chipmos Technologies by 44.4% in the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 1,890 shares during the last quarter. Finally, Smartleaf Asset Management LLC acquired a new position in Chipmos Technologies in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

Analysts Set New Price Targets

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