Parvin Asset Management LLC Takes $505,000 Position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

Parvin Asset Management LLC purchased a new position in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 26,845 shares of the semiconductor company's stock, valued at approximately $505,000. Parvin Asset Management LLC owned about 0.07% of ChipMOS TECHNOLOGIES at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its holdings in shares of ChipMOS TECHNOLOGIES by 34.8% in the fourth quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock valued at $60,000 after buying an additional 826 shares during the last quarter. Rhumbline Advisers raised its stake in ChipMOS TECHNOLOGIES by 5.3% during the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company's stock valued at $624,000 after acquiring an additional 1,680 shares during the last quarter. Ballentine Partners LLC lifted its position in ChipMOS TECHNOLOGIES by 11.6% during the 4th quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company's stock worth $327,000 after acquiring an additional 1,801 shares during the period. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 3,609 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of ChipMOS TECHNOLOGIES by 1,000.0% in the fourth 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. 7.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ChipMOS TECHNOLOGIES Stock Performance

NASDAQ:IMOS traded up $0.16 during mid-day trading on Monday, reaching $17.94. The stock had a trading volume of 7,693 shares, compared to its average volume of 22,340. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. The business has a 50 day simple moving average of $16.93 and a 200 day simple moving average of $18.85. ChipMOS TECHNOLOGIES INC. has a twelve month low of $12.78 and a twelve month high of $28.34. The firm has a market capitalization of $652.15 million, a price-to-earnings ratio of 12.54 and a beta of 0.94.

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

ChipMOS TECHNOLOGIES announced that its Board of Directors has approved a stock buyback program on Tuesday, January 21st that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

ChipMOS TECHNOLOGIES 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.