Renaissance Technologies LLC Cuts Position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

Renaissance Technologies LLC lessened its stake in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,183,790 shares of the semiconductor company's stock after selling 36,801 shares during the period. Renaissance Technologies LLC owned about 3.26% of ChipMOS TECHNOLOGIES worth $22,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rhumbline Advisers raised its holdings in ChipMOS TECHNOLOGIES by 5.3% in the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company's stock worth $624,000 after acquiring an additional 1,680 shares during the period. ABC Arbitrage SA acquired a new stake in shares of ChipMOS TECHNOLOGIES during the 4th quarter worth about $393,000. Lindbrook Capital LLC boosted its holdings in shares of ChipMOS TECHNOLOGIES by 34.8% in the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock worth $60,000 after acquiring an additional 826 shares in the last quarter. XY Capital Ltd bought a new stake in shares of ChipMOS TECHNOLOGIES during the fourth quarter worth $189,000. Finally, Ballentine Partners LLC increased its position in 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 acquiring an additional 1,801 shares in the last quarter. Institutional investors and hedge funds own 7.39% of the company's stock.

Analysts Set New Price Targets

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

ChipMOS TECHNOLOGIES Price Performance

Shares of NASDAQ:IMOS remained flat at $15.74 during mid-day trading on Friday. The company had a trading volume of 25,985 shares, compared to its average volume of 21,199. The business's 50 day moving average price is $17.83 and its 200 day moving average price is $19.41. ChipMOS TECHNOLOGIES INC. has a fifty-two week low of $12.78 and a fifty-two week high of $28.78. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $572.34 million, a P/E ratio of 11.01 and a beta of 0.94.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The firm's quarterly revenue was down 5.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES declared that its board has initiated a share buyback plan 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 plans are often a sign that the company's leadership 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.