Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Decreases By 7.4%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 12,600 shares, a decrease of 7.4% from the May 31st total of 13,600 shares. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

A number of hedge funds and other institutional investors have recently bought and sold shares of IMOS. JNBA Financial Advisors acquired a new position in ChipMOS TECHNOLOGIES during the 1st quarter valued at approximately $31,000. BNP Paribas Financial Markets acquired a new position in shares of ChipMOS TECHNOLOGIES during the first quarter valued at $42,000. Blue Trust Inc. bought a new position in shares of ChipMOS TECHNOLOGIES during the fourth quarter worth about $94,000. HBK Sorce Advisory LLC bought a new stake in ChipMOS TECHNOLOGIES in the 1st quarter valued at about $201,000. Finally, QRG Capital Management Inc. bought a new stake in ChipMOS TECHNOLOGIES in the 4th quarter valued at about $220,000. 7.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 15th.

ChipMOS TECHNOLOGIES Trading Up 1.2 %

Shares of IMOS traded up $0.31 on Wednesday, hitting $26.25. 4,341 shares of the stock traded hands, compared to its average volume of 19,220. The firm has a market capitalization of $954.45 million, a P/E ratio of 14.02 and a beta of 0.88. The company has a quick ratio of 3.04, a current ratio of 3.38 and a debt-to-equity ratio of 0.54. ChipMOS TECHNOLOGIES has a 1 year low of $21.58 and a 1 year high of $32.19. The stock’s 50 day moving average is $27.28 and its two-hundred day moving average is $28.10.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $169.70 million during the quarter, compared to analyst estimates of $163.30 million. ChipMOS TECHNOLOGIES had a net margin of 9.62% and a return on equity of 8.60%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS.

ChipMOS TECHNOLOGIES Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 27th will be issued a dividend of $0.858 per share. This represents a yield of 3.17%. The ex-dividend date of this dividend is Thursday, June 27th. ChipMOS TECHNOLOGIES’s dividend payout ratio is currently 46.49%.

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.