ABC Arbitrage SA Buys New Stake in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

ABC Arbitrage SA bought a new stake in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,862 shares of the semiconductor company’s stock, valued at approximately $393,000. ABC Arbitrage SA owned approximately 0.06% of ChipMOS TECHNOLOGIES as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of IMOS. Blue Trust Inc. grew its stake in ChipMOS TECHNOLOGIES by 18.0% during the third quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after acquiring an additional 1,440 shares in the last quarter. Ballentine Partners LLC lifted its position in ChipMOS TECHNOLOGIES by 20.2% during the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 2,611 shares during the last quarter. Finally, XY Capital Ltd bought a new position in ChipMOS TECHNOLOGIES during the fourth quarter valued at $189,000. 7.39% of the stock is owned by hedge funds and other institutional investors.

ChipMOS TECHNOLOGIES Price Performance

IMOS stock opened at $20.52 on Friday. ChipMOS TECHNOLOGIES INC. has a 52 week low of $17.70 and a 52 week high of $32.19. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $19.18 and a two-hundred day simple moving average of $21.09. The firm has a market capitalization of $746.11 million, a P/E ratio of 14.35 and a beta of 0.85.

ChipMOS TECHNOLOGIES declared that its board has approved a share repurchase program on Tuesday, January 21st that permits the company to buyback $0.00 in shares. This buyback authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

ChipMOS TECHNOLOGIES Company 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.