Renaissance Group LLC Lowers Stock Holdings in Chipmos Technologies $IMOS

Renaissance Group LLC cut its holdings in shares of Chipmos Technologies (NASDAQ:IMOS - Free Report) by 42.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,394 shares of the semiconductor company's stock after selling 38,495 shares during the quarter. Renaissance Group LLC owned about 0.14% of Chipmos Technologies worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

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Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Chipmos Technologies by 66.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company's stock worth $1,253,000 after acquiring an additional 27,617 shares during the period. Creative Planning increased its position in Chipmos Technologies by 50.3% during the second quarter. Creative Planning now owns 45,283 shares of the semiconductor company's stock worth $820,000 after purchasing an additional 15,150 shares during the last quarter. Acadian Asset Management LLC raised its stake in Chipmos Technologies by 5.9% during the second quarter. Acadian Asset Management LLC now owns 265,392 shares of the semiconductor company's stock worth $4,795,000 after purchasing an additional 14,697 shares during the period. Rhumbline Advisers boosted its holdings in shares of Chipmos Technologies by 51.4% in the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company's stock valued at $681,000 after purchasing an additional 12,759 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Chipmos Technologies by 71.8% in the 2nd quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company's stock valued at $215,000 after purchasing an additional 4,952 shares during the last quarter. Hedge funds and other institutional investors own 7.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings raised Chipmos Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, January 12th. Wall Street Zen upgraded Chipmos Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Chipmos Technologies currently has an average rating of "Hold".

Read Our Latest Analysis on Chipmos Technologies

Chipmos Technologies Stock Up 0.7%

Shares of NASDAQ IMOS opened at $33.56 on Friday. The stock has a fifty day moving average price of $33.39 and a 200 day moving average price of $24.69. The company has a current ratio of 2.47, a quick ratio of 2.12 and a debt-to-equity ratio of 0.42. Chipmos Technologies has a 12-month low of $12.78 and a 12-month high of $45.43. The company has a market cap of $1.18 billion, a P/E ratio of 209.75 and a beta of 1.04.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) last issued its earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The company had revenue of $201.70 million during the quarter, compared to the consensus estimate of $6.50 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company's revenue was up 1.3% compared to the same quarter last year.

About Chipmos Technologies

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.

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