Ritholtz Wealth Management Has $383,000 Stock Position in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

Ritholtz Wealth Management reduced its stake in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) by 23.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,374 shares of the semiconductor company’s stock after selling 4,965 shares during the quarter. Ritholtz Wealth Management’s holdings in ChipMOS TECHNOLOGIES were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMOS. BNP Paribas Financial Markets bought a new position in ChipMOS TECHNOLOGIES during the first quarter worth $42,000. HBK Sorce Advisory LLC bought a new stake in ChipMOS TECHNOLOGIES during the 1st quarter worth approximately $201,000. Blue Trust Inc. raised its position in ChipMOS TECHNOLOGIES by 49,831.3% in the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after buying an additional 7,973 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of ChipMOS TECHNOLOGIES by 47.6% in the first quarter. Ballentine Partners LLC now owns 13,480 shares of the semiconductor company’s stock valued at $424,000 after purchasing an additional 4,348 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in ChipMOS TECHNOLOGIES in the 2nd quarter valued at about $441,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

ChipMOS TECHNOLOGIES Stock Performance

Shares of IMOS stock opened at $22.74 on Thursday. The firm has a market cap of $826.87 million, a price-to-earnings ratio of 12.29 and a beta of 0.90. ChipMOS TECHNOLOGIES INC. has a 52 week low of $21.47 and a 52 week high of $32.19. The firm’s 50-day simple moving average is $22.99 and its two-hundred day simple moving average is $25.64.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings results on Tuesday, August 13th. The semiconductor company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). ChipMOS TECHNOLOGIES had a return on equity of 7.72% and a net margin of 8.67%. The company had revenue of $179.00 million during the quarter, compared to the consensus estimate of $177.96 million. During the same period last year, the firm posted $0.56 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year.

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.