XY Capital Ltd Makes New Investment in Chipmos Technologies $IMOS

Key Points

• XY Capital Ltd purchased 130,326 shares of Chipmos Technologies in the second quarter, valued at approximately $8.37 million. The position represents 8.1% of the fund’s holdings and 0.37% of Chipmos’ outstanding shares.
• Chipmos reported quarterly EPS of $0.80, beating estimates of $0.64, while revenue rose 28.7% year over year to $231.81 million, slightly below analyst expectations.
• Shares recently traded at $57.61, up 2.2%, with a 12-month range of $17.21 to $78.35. Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating.

XY Capital Ltd purchased a new stake in Chipmos Technologies (NASDAQ:IMOS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 130,326 shares of the semiconductor company's stock, valued at approximately $8,373,000. Chipmos Technologies accounts for about 8.1% of XY Capital Ltd's holdings, making the stock its 3rd biggest position. XY Capital Ltd owned 0.37% of Chipmos Technologies as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of Chipmos Technologies by 51.4% during the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company's stock worth $681,000 after acquiring an additional 12,759 shares during the period. Quadrant Capital Group LLC acquired a new position in Chipmos Technologies in the third quarter worth about $219,000. RBF Capital LLC bought a new position in Chipmos Technologies during the fourth quarter worth about $266,000. TD Waterhouse Canada Inc. bought a new position in Chipmos Technologies during the second quarter worth about $517,000. Finally, Delphi Management Inc. MA acquired a new stake in Chipmos Technologies during the first quarter valued at approximately $254,000. Institutional investors and hedge funds own 7.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IMOS shares. Weiss Ratings upgraded Chipmos Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded Chipmos Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

Chipmos Technologies Trading Up 2.2%

Shares of Chipmos Technologies stock opened at $57.61 on Friday. Chipmos Technologies has a 12-month low of $17.21 and a 12-month high of $78.35. The stock has a market capitalization of $2.03 billion, a P/E ratio of 28.17 and a beta of 1.34. The company has a 50-day simple moving average of $58.83 and a 200 day simple moving average of $51.62. The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.16. The firm had revenue of $231.81 million for the quarter, compared to analyst estimates of $236.95 million. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.25%. The company's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.51) earnings per share.

Chipmos Technologies Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.

Want to see what other hedge funds are holding IMOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipmos Technologies (NASDAQ:IMOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source