Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Decreases By 23.8%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 36,200 shares, a decline of 23.8% from the January 31st total of 47,500 shares. Based on an average daily trading volume, of 25,700 shares, the short-interest ratio is currently 1.4 days.

ChipMOS TECHNOLOGIES Trading Up 0.9 %

Shares of ChipMOS TECHNOLOGIES stock traded up $0.17 during trading hours on Friday, reaching $18.70. The stock had a trading volume of 14,752 shares, compared to its average volume of 23,651. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. ChipMOS TECHNOLOGIES has a 1 year low of $17.70 and a 1 year high of $32.19. The firm has a market capitalization of $679.97 million, a price-to-earnings ratio of 13.08 and a beta of 0.85. The firm has a 50 day simple moving average of $19.32 and a two-hundred day simple moving average of $20.75.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The semiconductor company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.21). ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The business had revenue of $164.70 million for the quarter, compared to analyst estimates of $175.60 million. During the same period last year, the firm earned $0.43 earnings per share. The company's quarterly revenue was down 5.7% on a year-over-year basis.

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ChipMOS TECHNOLOGIES announced that its board has initiated a share repurchase plan on Tuesday, January 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Large investors have recently modified their holdings of the stock. Parvin Asset Management LLC acquired a new position in ChipMOS TECHNOLOGIES in the 4th quarter worth $505,000. ABC Arbitrage SA bought a new position in shares of ChipMOS TECHNOLOGIES in the 4th quarter worth about $393,000. XY Capital Ltd acquired a new position in ChipMOS TECHNOLOGIES during the 4th quarter valued at approximately $189,000. 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. Finally, JPMorgan Chase & Co. grew its stake in shares of ChipMOS TECHNOLOGIES by 761.4% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 7.39% of the company's stock.

Analyst Upgrades and Downgrades

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

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.