Creative Planning Sells 4,001 Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

Creative Planning trimmed its holdings in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 13.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,794 shares of the semiconductor company’s stock after selling 4,001 shares during the quarter. Creative Planning owned about 0.07% of ChipMOS TECHNOLOGIES worth $627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at $42,000. HBK Sorce Advisory LLC acquired a new stake in ChipMOS TECHNOLOGIES in the first quarter worth about $201,000. Blue Trust Inc. raised its holdings in ChipMOS TECHNOLOGIES by 49,831.3% during the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 7,973 shares during the last quarter. Caprock Group LLC acquired a new position in ChipMOS TECHNOLOGIES during the 2nd quarter valued at about $441,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of ChipMOS TECHNOLOGIES by 4.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after purchasing an additional 2,319 shares during the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Trading Down 0.7 %

IMOS stock opened at $22.20 on Tuesday. ChipMOS TECHNOLOGIES INC. has a 1-year low of $21.47 and a 1-year high of $32.19. The firm has a market cap of $807.24 million, a PE ratio of 13.37 and a beta of 0.91. The business’s 50-day moving average price is $22.76 and its two-hundred day moving average price is $24.95.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). The company had revenue of $179.00 million for the quarter, compared to analyst estimates of $177.96 million. ChipMOS TECHNOLOGIES had a return on equity of 7.72% and a net margin of 8.67%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

ChipMOS TECHNOLOGIES Company 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.