Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Declines By 37.4%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 17,600 shares, a decrease of 37.4% from the February 28th total of 28,100 shares. Based on an average daily trading volume, of 24,200 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ChipMOS TECHNOLOGIES

Large investors have recently modified their holdings of the company. Lindbrook Capital LLC boosted its holdings in ChipMOS TECHNOLOGIES by 34.8% during the fourth quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock valued at $60,000 after acquiring an additional 826 shares during the period. JPMorgan Chase & Co. lifted its position in shares of ChipMOS TECHNOLOGIES by 761.4% during the 4th 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 last quarter. Tower Research Capital LLC TRC boosted its stake in ChipMOS TECHNOLOGIES by 1,000.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company's stock valued at $104,000 after purchasing an additional 5,000 shares during the period. Bank of America Corp DE grew its holdings in ChipMOS TECHNOLOGIES by 8.6% in the 4th quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company's stock valued at $162,000 after buying an additional 679 shares during the last quarter. Finally, XY Capital Ltd bought a new position in ChipMOS TECHNOLOGIES in the 4th quarter worth approximately $189,000. 7.39% of the stock is owned by institutional investors.

ChipMOS TECHNOLOGIES Stock Up 1.0 %

Shares of IMOS traded up $0.17 during mid-day trading on Wednesday, hitting $17.05. 41,683 shares of the company's stock were exchanged, compared to its average volume of 20,152. The stock has a market cap of $619.97 million, a price-to-earnings ratio of 11.92 and a beta of 0.90. The firm has a fifty day moving average of $19.09 and a two-hundred day moving average of $20.09. 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 has a twelve month low of $16.41 and a twelve month high of $31.46.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The semiconductor company reported $0.19 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 business had revenue of $164.70 million for the quarter, compared to analyst estimates of $175.60 million. During the same period in the previous year, the company earned $0.43 earnings per share. The company's quarterly revenue was down 5.7% compared to the same quarter last year.

ChipMOS TECHNOLOGIES announced that its Board of Directors has authorized a share buyback program on Tuesday, January 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

ChipMOS TECHNOLOGIES Company Profile

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.