ABC Arbitrage SA Acquires Shares of 20,862 ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

ABC Arbitrage SA acquired a new stake in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 20,862 shares of the semiconductor company’s stock, valued at approximately $393,000.

Several other large investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in ChipMOS TECHNOLOGIES by 18.0% in the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 1,440 shares during the period. Ballentine Partners LLC boosted its position in ChipMOS TECHNOLOGIES by 11.6% in the 4th quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 1,801 shares during the period. Finally, XY Capital Ltd purchased a new stake in ChipMOS TECHNOLOGIES in the 4th quarter valued at about $189,000. 7.39% of the stock is owned by hedge funds and other institutional investors.

ChipMOS TECHNOLOGIES Trading Up 0.9 %

NASDAQ:IMOS opened at $20.52 on Friday. ChipMOS TECHNOLOGIES INC. has a one year low of $17.70 and a one year high of $32.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. The firm has a market cap of $746.11 million, a P/E ratio of 14.35 and a beta of 0.85. The firm has a 50-day simple moving average of $19.18 and a 200-day simple moving average of $21.09.

ChipMOS TECHNOLOGIES announced that its board has approved a stock repurchase plan on Tuesday, January 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Separately, StockNews.com cut 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.