ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Down 9.0% in March

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 39,600 shares, a drop of 9.0% from the March 15th total of 43,500 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of ChipMOS TECHNOLOGIES by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 49,586 shares of the semiconductor company's stock worth $1,143,000 after purchasing an additional 595 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in ChipMOS TECHNOLOGIES by 28.8% in the 3rd quarter. Lindbrook Capital LLC now owns 3,157 shares of the semiconductor company's stock worth $73,000 after buying an additional 705 shares during the period. Bank of America Corp DE increased its stake in ChipMOS TECHNOLOGIES by 32.4% in the 1st quarter. Bank of America Corp DE now owns 3,266 shares of the semiconductor company's stock worth $117,000 after buying an additional 800 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in ChipMOS TECHNOLOGIES by 13.9% during the first quarter. Evergreen Capital Management LLC now owns 6,812 shares of the semiconductor company's stock valued at $242,000 after acquiring an additional 833 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of ChipMOS TECHNOLOGIES by 36.3% in the third quarter. EverSource Wealth Advisors LLC now owns 3,250 shares of the semiconductor company's stock valued at $75,000 after acquiring an additional 865 shares in the last quarter. 7.39% of the stock is currently owned by institutional investors.

ChipMOS TECHNOLOGIES Stock Performance

Shares of IMOS stock traded down $0.72 during trading hours on Monday, reaching $29.13. The company had a trading volume of 11,152 shares, compared to its average volume of 23,686. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.04 and a current ratio of 3.38. The business has a fifty day moving average price of $29.62 and a 200-day moving average price of $27.05. ChipMOS TECHNOLOGIES has a one year low of $21.58 and a one year high of $32.19. The firm has a market cap of $1.06 billion, a PE ratio of 17.65 and a beta of 0.92.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last announced its earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. The business had revenue of $187.00 million during the quarter, compared to analyst estimates of $175.31 million. ChipMOS TECHNOLOGIES had a net margin of 8.85% and a return on equity of 7.62%. The company's quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ChipMOS TECHNOLOGIES from a "strong-buy" rating to a "buy" rating in a report on Thursday.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, 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.