Envestnet Asset Management Inc. Has $1.25 Million Stock Position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

Envestnet Asset Management Inc. increased its position in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOSGet Rating) by 7.6% during the second quarter, Holdings Channel reports. The institutional investor owned 50,062 shares of the semiconductor company’s stock after purchasing an additional 3,521 shares during the period. Envestnet Asset Management Inc.’s holdings in ChipMOS TECHNOLOGIES were worth $1,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IMOS. EverSource Wealth Advisors LLC purchased a new stake in shares of ChipMOS TECHNOLOGIES in the second quarter worth approximately $88,000. Bank of America Corp DE raised its stake in shares of ChipMOS TECHNOLOGIES by 32.4% in the first quarter. Bank of America Corp DE now owns 3,266 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 800 shares during the last quarter. OneAscent Wealth Management LLC purchased a new stake in shares of ChipMOS TECHNOLOGIES in the first quarter worth approximately $201,000. Legacy Wealth Asset Management LLC purchased a new stake in shares of ChipMOS TECHNOLOGIES in the first quarter worth approximately $202,000. Finally, Intersect Capital LLC purchased a new stake in shares of ChipMOS TECHNOLOGIES during the first quarter valued at approximately $233,000. 7.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on IMOS shares. StockNews.com raised ChipMOS TECHNOLOGIES from a “hold” rating to a “buy” rating in a research report on Saturday, November 12th. TheStreet downgraded ChipMOS TECHNOLOGIES from a “b-” rating to a “c+” rating in a research report on Thursday, October 6th.

ChipMOS TECHNOLOGIES Trading Down 0.3 %

Shares of NASDAQ IMOS opened at $21.35 on Wednesday. The stock has a fifty day simple moving average of $19.85 and a two-hundred day simple moving average of $24.53. ChipMOS TECHNOLOGIES INC. has a 1-year low of $17.50 and a 1-year high of $37.76. The firm has a market cap of $776.33 million, a price-to-earnings ratio of 4.86 and a beta of 0.95.

About ChipMOS TECHNOLOGIES

(Get Rating)

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 Taiwan, 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 Other segments.

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Institutional Ownership by Quarter for ChipMOS TECHNOLOGIES (NASDAQ:IMOS)

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