Acadian Asset Management LLC cut its position in shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) by 77.3% during the second quarter, Holdings Channel reports. The institutional investor owned 42,505 shares of the semiconductor company’s stock after selling 144,774 shares during the period. Acadian Asset Management LLC’s holdings in Chipmos Technologies were worth $841,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Renaissance Group LLC increased its position in shares of Chipmos Technologies by 7.4% in the first quarter. Renaissance Group LLC now owns 17,558 shares of the semiconductor company’s stock worth $312,000 after buying an additional 1,214 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Chipmos Technologies by 32.5% in the first quarter. Renaissance Technologies LLC now owns 2,012,388 shares of the semiconductor company’s stock worth $35,720,000 after buying an additional 493,569 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Chipmos Technologies during the first quarter worth approximately $594,000. Snow Capital Management LP increased its position in shares of Chipmos Technologies by 40.0% in the first quarter. Snow Capital Management LP now owns 35,000 shares of the semiconductor company’s stock worth $621,000 after buying an additional 10,000 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Chipmos Technologies during the first quarter worth approximately $663,000. 23.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Chipmos Technologies Ltd. (NASDAQ IMOS) traded up 3.15% on Friday, reaching $17.99. The company had a trading volume of 191,260 shares. The company has a 50-day moving average price of $19.68 and a 200-day moving average price of $18.10. Chipmos Technologies Ltd. has a 52-week low of $13.94 and a 52-week high of $21.99.
Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings data on Thursday, August 10th. The semiconductor company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $149.50 million during the quarter, compared to the consensus estimate of $155.61 million. Chipmos Technologies had a return on equity of 9.90% and a net margin of 19.20%. Equities research analysts expect that Chipmos Technologies Ltd. will post $0.68 EPS for the current year.
The firm also recently disclosed a None dividend, which was paid on Wednesday, July 19th. Stockholders of record on Thursday, June 15th were paid a $0.459 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. Chipmos Technologies’s payout ratio is presently 59.13%.
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Separately, Zacks Investment Research downgraded Chipmos Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 30th.
Chipmos Technologies Company Profile
ChipMOS TECHNOLOGIES INC is a Taiwan-based company principally engaged in the integrated circuits packaging and testing business. The Company mainly provides thin small outline packaging (TSOP), fine-pitch ball grid array (FBGA) packaging, tape carrier packaging (TCP) and chip on film (COF) packaging services, as well as gold bumping services, among others.
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