California Public Employees Retirement System increased its position in shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,500 shares of the company’s stock after buying an additional 8,700 shares during the period. California Public Employees Retirement System owned about 0.43% of Chipmos Technologies worth $2,128,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IMOS. Emerald Acquisition Ltd. acquired a new position in Chipmos Technologies during the second quarter valued at $2,103,000. Bank of New York Mellon Corp increased its position in Chipmos Technologies by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 41,823 shares of the company’s stock valued at $757,000 after buying an additional 123 shares during the last quarter. Foundry Partners LLC acquired a new position in Chipmos Technologies during the second quarter valued at $2,201,000. Sensato Investors LLC increased its position in Chipmos Technologies by 43.6% in the first quarter. Sensato Investors LLC now owns 316,847 shares of the company’s stock valued at $5,507,000 after buying an additional 96,218 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Chipmos Technologies by 12.0% in the first quarter. Renaissance Technologies LLC now owns 1,255,300 shares of the company’s stock valued at $21,817,000 after buying an additional 134,200 shares during the last quarter. Institutional investors own 61.30% of the company’s stock.
Chipmos Technologies Ltd. (NASDAQ:IMOS) traded up 0.3365% during mid-day trading on Wednesday, hitting $19.8265. 54,240 shares of the stock traded hands. The firm has a market cap of $541.80 million, a P/E ratio of 27.4225 and a beta of 1.07. The firm’s 50-day moving average is $19.80 and its 200 day moving average is $18.26. Chipmos Technologies Ltd. has a 52-week low of $14.35 and a 52-week high of $20.78.
Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.10. The company earned $146.70 million during the quarter, compared to the consensus estimate of $146.60 million. Chipmos Technologies had a net margin of 3.30% and a return on equity of 3.42%. During the same quarter last year, the firm earned $0.08 EPS. Equities analysts predict that Chipmos Technologies Ltd. will post $0.65 EPS for the current fiscal year.
Several research firms have weighed in on IMOS. Zacks Investment Research upgraded shares of Chipmos Technologies from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Monday, September 12th. Cowen and Company upped their price objective on shares of Chipmos Technologies from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th.
Chipmos Technologies Company Profile
ChipMOS TECHNOLOGIES (Bermuda) LTD. is a holding company. The Company is a provider of semiconductor assembly and test services. The Company provides testing and assembly services for liquid crystal display (LCD) and other flat-panel display driver semiconductors in Taiwan, and for memory and logic/mixed-signal products in Taiwan and Mainland China.
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