ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Update

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

ChipMOS TECHNOLOGIES Stock Performance

Shares of IMOS stock traded up $0.01 during trading hours on Tuesday, reaching $25.94. The stock had a trading volume of 12,145 shares, compared to its average volume of 19,338. The firm has a market capitalization of $943.18 million, a PE ratio of 14.02 and a beta of 0.88. The firm has a 50-day simple moving average of $27.28 and a 200-day simple moving average of $28.10. ChipMOS TECHNOLOGIES has a twelve month low of $21.58 and a twelve month high of $32.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.38 and a quick ratio of 3.04.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $169.70 million for 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%. ChipMOS TECHNOLOGIES’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 earnings per share.

ChipMOS TECHNOLOGIES Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JNBA Financial Advisors acquired a new position in shares of ChipMOS TECHNOLOGIES during the first quarter valued at approximately $31,000. BNP Paribas Financial Markets bought a new position in ChipMOS TECHNOLOGIES during the 1st quarter valued at $42,000. Blue Trust Inc. acquired a new position in shares of ChipMOS TECHNOLOGIES during the 4th quarter valued at $94,000. HBK Sorce Advisory LLC bought a new stake in shares of ChipMOS TECHNOLOGIES in the 1st quarter worth $201,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of ChipMOS TECHNOLOGIES in the fourth quarter valued at $220,000. Institutional investors own 7.39% of the company’s stock.

Analysts Set New Price Targets

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

ChipMOS TECHNOLOGIES Company Profile

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.