ABC Arbitrage SA Acquires Shares of 20,862 ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

ABC Arbitrage SA purchased a new stake in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,862 shares of the semiconductor company's stock, valued at approximately $393,000. ABC Arbitrage SA owned approximately 0.06% of ChipMOS TECHNOLOGIES as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of IMOS. Blue Trust Inc. raised its holdings in shares of ChipMOS TECHNOLOGIES by 18.0% during the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company's stock worth $221,000 after acquiring an additional 1,440 shares during the period. Ballentine Partners LLC raised its stake in shares of ChipMOS TECHNOLOGIES by 11.6% in the 4th quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company's stock valued at $327,000 after purchasing an additional 1,801 shares during the period. Finally, XY Capital Ltd bought a new stake in shares of ChipMOS TECHNOLOGIES in the fourth quarter valued at about $189,000. Institutional investors own 7.39% of the company's stock.

ChipMOS TECHNOLOGIES Stock Up 2.3 %

Shares of IMOS stock traded up $0.46 during trading on Wednesday, reaching $20.71. The company's stock had a trading volume of 10,525 shares, compared to its average volume of 24,520. The company has a market cap of $753.02 million, a price-to-earnings ratio of 14.48 and a beta of 0.85. ChipMOS TECHNOLOGIES INC. has a one year low of $17.70 and a one year high of $32.19. The business has a fifty day moving average price of $19.22 and a 200-day moving average price of $21.02. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49.

ChipMOS TECHNOLOGIES announced that its board has initiated a stock repurchase program on Tuesday, January 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered ChipMOS TECHNOLOGIES from a "buy" rating to a "hold" rating in a research report on Tuesday, January 21st.

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.