Chipmos Technologies (NASDAQ:IMOS) Trading Up 11.7% – Time to Buy?

Chipmos Technologies (NASDAQ:IMOS)’s share price rose 11.7% during trading on Thursday . The stock traded as high as $76.35 and last traded at $76.03. 23,784 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 74,795 shares. The stock had previously closed at $68.07.

Analyst Ratings Changes

A number of research analysts have recently weighed in on IMOS shares. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Chipmos Technologies Price Performance

The stock has a market capitalization of $2.67 billion, a PE ratio of 103.12 and a beta of 1.33. 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 stock’s 50-day moving average is $60.13 and its 200 day moving average is $45.68.

Chipmos Technologies (NASDAQ:IMOS) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Chipmos Technologies had a return on equity of 3.28% and a net margin of 3.05%.The company had revenue of $217.06 million during the quarter, compared to analysts’ expectations of $214.39 million. During the same quarter in the previous year, the company earned $0.15 EPS. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year.

Chipmos Technologies Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, July 24th. Investors of record on Monday, June 29th will be issued a dividend of $0.7826 per share. This is a positive change from Chipmos Technologies’s previous annual dividend of $0.61. This represents a dividend yield of 134.0%. The ex-dividend date is Monday, June 29th. Chipmos Technologies’s dividend payout ratio is 102.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IMOS. Dimensional Fund Advisors LP raised its stake in shares of Chipmos Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock worth $3,301,000 after purchasing an additional 335 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Chipmos Technologies by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after buying an additional 410 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Chipmos Technologies by 163.0% in the first quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock worth $29,000 after buying an additional 494 shares during the last quarter. Allworth Financial LP increased its holdings in Chipmos Technologies by 74.7% in the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after buying an additional 587 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Chipmos Technologies by 3.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock valued at $829,000 after acquiring an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

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.