GSA Capital Partners LLP cut its stake in Chipmos Technologies Ltd. (NASDAQ:IMOS) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,256 shares of the company’s stock after selling 1,834 shares during the period. GSA Capital Partners LLP owned about 0.06% of Chipmos Technologies worth $276,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in IMOS. BlackRock Inc. increased its position in shares of Chipmos Technologies by 2,556.7% in the first quarter. BlackRock Inc. now owns 18,597 shares of the company’s stock valued at $323,000 after buying an additional 17,897 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Chipmos Technologies by 0.7% in the first quarter. Panagora Asset Management Inc. now owns 40,507 shares of the company’s stock valued at $704,000 after buying an additional 295 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of 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. Emerald Acquisition Ltd. acquired a new position in shares of Chipmos Technologies during the second quarter valued at approximately $2,103,000. Finally, California Public Employees Retirement System increased its position in shares of Chipmos Technologies by 8.0% in the second quarter. California Public Employees Retirement System now owns 117,500 shares of the company’s stock valued at $2,128,000 after buying an additional 8,700 shares during the last quarter. 61.30% of the stock is currently owned by institutional investors and hedge funds.
Chipmos Technologies Ltd. (NASDAQ:IMOS) traded down 0.347% on Wednesday, reaching $19.791. 100,985 shares of the company traded hands. The company has a market capitalization of $540.83 million, a PE ratio of 27.336 and a beta of 1.18. Chipmos Technologies Ltd. has a 52-week low of $14.35 and a 52-week high of $20.78. The stock has a 50-day moving average of $19.66 and a 200 day moving average of $18.16.
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 Thomson Reuters’ 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 period in the prior year, the company earned $0.08 earnings per share. On average, equities analysts forecast that Chipmos Technologies Ltd. will post $0.65 EPS for the current year.
Several research analysts have recently commented on IMOS shares. Zacks Investment Research raised Chipmos Technologies from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, September 12th. Cowen and Company boosted their price objective on shares of Chipmos Technologies from $21.00 to $22.00 and gave the stock an “outperform” rating in a research 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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