Caprock Group LLC Buys New Position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

Caprock Group LLC bought a new stake in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,222 shares of the semiconductor company’s stock, valued at approximately $441,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JNBA Financial Advisors bought a new position in shares of ChipMOS TECHNOLOGIES during the 1st quarter valued at about $31,000. BNP Paribas Financial Markets bought a new position in shares of ChipMOS TECHNOLOGIES during the 1st quarter valued at about $42,000. HBK Sorce Advisory LLC bought a new position in shares of ChipMOS TECHNOLOGIES during the 1st quarter valued at about $201,000. Blue Trust Inc. boosted its position in shares of ChipMOS TECHNOLOGIES by 49,831.3% during the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 7,973 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of ChipMOS TECHNOLOGIES during the 4th quarter valued at about $220,000. Institutional investors own 7.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

ChipMOS TECHNOLOGIES Stock Performance

Shares of IMOS opened at $22.38 on Friday. ChipMOS TECHNOLOGIES INC. has a one year low of $21.47 and a one year high of $32.19. The company has a 50-day moving average of $23.90 and a two-hundred day moving average of $26.85. The stock has a market cap of $813.78 million, a price-to-earnings ratio of 12.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.38 and a quick ratio of 3.04.

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

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, 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.