Quadrant Capital Group LLC boosted its holdings in shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS – Free Report) by 24.4% during the second quarter, Holdings Channel.com reports. The firm owned 28,679 shares of the semiconductor company’s stock after acquiring an additional 5,623 shares during the period. Quadrant Capital Group LLC’s holdings in ChipMOS TECHNOLOGIES were worth $681,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in IMOS. UBS Group AG purchased a new position in ChipMOS TECHNOLOGIES in the 1st quarter worth about $27,000. US Bancorp DE increased its stake in ChipMOS TECHNOLOGIES by 20.2% in the 1st quarter. US Bancorp DE now owns 2,427 shares of the semiconductor company’s stock worth $61,000 after buying an additional 408 shares during the period. Bank of America Corp DE increased its stake in ChipMOS TECHNOLOGIES by 32.4% in the 1st quarter. Bank of America Corp DE now owns 3,266 shares of the semiconductor company’s stock worth $117,000 after buying an additional 800 shares during the period. Vident Investment Advisory LLC purchased a new position in ChipMOS TECHNOLOGIES in the 1st quarter worth about $241,000. Finally, LSV Asset Management grew its holdings in ChipMOS TECHNOLOGIES by 65.9% during the 1st quarter. LSV Asset Management now owns 6,800 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 7.16% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “strong-buy” rating in a report on Monday, October 23rd.
ChipMOS TECHNOLOGIES Stock Up 0.6 %
Shares of ChipMOS TECHNOLOGIES stock opened at $24.19 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.63 and a quick ratio of 2.26. ChipMOS TECHNOLOGIES INC. has a 1 year low of $20.51 and a 1 year high of $27.24. The firm’s 50-day moving average is $24.01 and its two-hundred day moving average is $24.07. The stock has a market cap of $879.55 million, a price-to-earnings ratio of 17.53 and a beta of 0.88.
About ChipMOS TECHNOLOGIES
ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the 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 Others segments.
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