ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Stock Holdings Lessened by Quadrant Capital Group LLC

Quadrant Capital Group LLC cut its holdings in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 21.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,069 shares of the semiconductor company’s stock after selling 6,931 shares during the period. Quadrant Capital Group LLC’s holdings in ChipMOS TECHNOLOGIES were worth $491,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Lindbrook Capital LLC lifted its holdings in ChipMOS TECHNOLOGIES by 34.8% in the fourth quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 826 shares during the last quarter. Rhumbline Advisers raised its position in shares of ChipMOS TECHNOLOGIES by 5.3% during the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company’s stock worth $624,000 after purchasing an additional 1,680 shares during the period. Ballentine Partners LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 11.6% in the 4th quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company’s stock worth $327,000 after purchasing an additional 1,801 shares during the last quarter. JPMorgan Chase & Co. boosted its position in ChipMOS TECHNOLOGIES by 761.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 3,609 shares during the period. Finally, XY Capital Ltd bought a new position in ChipMOS TECHNOLOGIES during the 4th quarter worth $189,000. Institutional investors own 7.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Trading Down 6.0 %

Shares of NASDAQ:IMOS opened at $14.31 on Tuesday. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $18.79 and its 200 day moving average price is $19.91. The company has a market cap of $520.34 million, a PE ratio of 10.01 and a beta of 0.94. ChipMOS TECHNOLOGIES INC. has a fifty-two week low of $13.80 and a fifty-two week high of $31.10.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, February 25th. The semiconductor company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The business had revenue of $164.70 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period last year, the firm posted $0.43 EPS. The business’s quarterly revenue was down 5.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES declared that its board has initiated a stock buyback program on Tuesday, January 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

About ChipMOS TECHNOLOGIES

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.