Chipmos Technologies (NASDAQ:IMOS) Shares Gap Down – Time to Sell?

Chipmos Technologies (NASDAQ:IMOS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $70.26, but opened at $65.89. Chipmos Technologies shares last traded at $66.65, with a volume of 22,299 shares trading hands.

Analysts Set New Price Targets

IMOS has been the topic of a number of recent research reports. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Chipmos Technologies currently has an average rating of “Hold”.

Chipmos Technologies Trading Down 4.0%

The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average price is $46.27 and its two-hundred day moving average price is $38.26. The firm has a market cap of $2.38 billion, a PE ratio of 91.76 and a beta of 1.31.

Chipmos Technologies Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, June 29th will be issued a $0.7826 dividend. The ex-dividend date is Monday, June 29th. This is a positive change from Chipmos Technologies’s previous annual dividend of $0.61. This represents a dividend yield of 142.0%. Chipmos Technologies’s dividend payout ratio (DPR) is currently 86.49%.

Institutional Investors Weigh In On Chipmos Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Chipmos Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock worth $3,301,000 after buying an additional 335 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Chipmos Technologies by 3.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock worth $2,175,000 after buying an additional 2,240 shares during the period. Rhumbline Advisers increased its stake in Chipmos Technologies by 51.4% in the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after buying an additional 12,759 shares during the period. Goldman Sachs Group Inc. increased its stake in Chipmos Technologies by 3.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock worth $829,000 after buying an additional 830 shares during the period. Finally, Ballentine Partners LLC increased its stake in Chipmos Technologies by 5.0% in the 4th quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock worth $638,000 after buying an additional 1,028 shares during the period. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.