Chipmos Technologies $IMOS Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in Chipmos Technologies (NASDAQ:IMOS) by 66.4% in the second quarter, Holdings Channel reports. The firm owned 69,191 shares of the semiconductor company’s stock after purchasing an additional 27,617 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Chipmos Technologies were worth $1,253,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of IMOS. Wealthquest Corp acquired a new position in Chipmos Technologies in the first quarter valued at approximately $52,000. Signaturefd LLC boosted its stake in Chipmos Technologies by 27.0% in the second quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company’s stock valued at $402,000 after acquiring an additional 4,716 shares during the period. Envestnet Asset Management Inc. boosted its stake in Chipmos Technologies by 35.4% in the first quarter. Envestnet Asset Management Inc. now owns 55,886 shares of the semiconductor company’s stock valued at $941,000 after acquiring an additional 14,620 shares during the period. Ballentine Partners LLC boosted its stake in Chipmos Technologies by 110.7% in the second quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company’s stock valued at $576,000 after acquiring an additional 16,707 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Chipmos Technologies by 14.5% in the first quarter. Acadian Asset Management LLC now owns 250,695 shares of the semiconductor company’s stock valued at $4,206,000 after acquiring an additional 31,768 shares during the period. 7.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on IMOS. Weiss Ratings restated a “sell (d)” rating on shares of Chipmos Technologies in a research note on Wednesday, October 8th. Wall Street Zen upgraded Chipmos Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Chipmos Technologies Stock Performance

IMOS opened at $20.32 on Friday. The business’s 50 day moving average is $18.03 and its 200-day moving average is $17.83. The stock has a market cap of $728.68 million, a PE ratio of 225.78 and a beta of 1.08. The company has a current ratio of 2.29, a quick ratio of 1.97 and a debt-to-equity ratio of 0.39. Chipmos Technologies has a twelve month low of $12.78 and a twelve month high of $22.66.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, August 12th. The semiconductor company reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.80). The business had revenue of $188.55 million for the quarter, compared to the consensus estimate of $5.82 billion. Chipmos Technologies had a net margin of 0.50% and a return on equity of 0.47%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS.

Chipmos Technologies announced that its Board of Directors has approved a stock buyback program on Tuesday, September 2nd 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 usually an indication 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.