ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,139 shares of the semiconductor company’s stock after purchasing an additional 1,680 shares during the period. Rhumbline Advisers owned approximately 0.09% of ChipMOS TECHNOLOGIES worth $624,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. XY Capital Ltd acquired a new stake in shares of ChipMOS TECHNOLOGIES during the 4th quarter valued at $189,000. Ballentine Partners LLC raised its position in shares of ChipMOS TECHNOLOGIES by 11.6% during the fourth 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 period. Finally, ABC Arbitrage SA purchased a new stake in shares of ChipMOS TECHNOLOGIES during the fourth quarter valued at $393,000. 7.39% of the stock is currently owned by institutional investors.

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 Stock Up 0.9 %

IMOS stock opened at $18.70 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72. The firm has a market capitalization of $679.97 million, a P/E ratio of 13.08 and a beta of 0.90. ChipMOS TECHNOLOGIES INC. has a 52-week low of $17.70 and a 52-week high of $32.19. The company’s 50 day simple moving average is $19.32 and its 200-day simple moving average is $20.75.

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

ChipMOS TECHNOLOGIES declared that its board has authorized a stock buyback plan on Tuesday, January 21st that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is 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.