Chipmos Technologies (NASDAQ:IMOS) Sets New 52-Week High – Time to Buy?

Chipmos Technologies (NASDAQ:IMOS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $64.29 and last traded at $65.72, with a volume of 28974 shares trading hands. The stock had previously closed at $56.72.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IMOS shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipmos Technologies in a report on Friday, April 10th. Wall Street Zen downgraded shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Chipmos Technologies Trading Up 14.0%

The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08. The firm has a fifty day simple moving average of $45.15 and a two-hundred day simple moving average of $37.61. The firm has a market capitalization of $2.28 billion, a P/E ratio of 89.36 and a beta of 1.16.

Chipmos Technologies (NASDAQ:IMOS) last issued its earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.12. The firm had revenue of $207.78 million for the quarter, compared to analyst estimates of $6.50 billion. Chipmos Technologies had a return on equity of 3.28% and a net margin of 3.05%.The business’s revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share.

Chipmos Technologies Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, June 29th will be issued a dividend of $0.7826 per share. This represents a yield of 142.0%. This is a boost from Chipmos Technologies’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Monday, June 29th. Chipmos Technologies’s payout ratio is currently 86.49%.

Hedge Funds Weigh In On Chipmos Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ABC Arbitrage SA bought a new position in Chipmos Technologies in the 3rd quarter worth approximately $290,000. Westside Investment Management Inc. grew its stake in Chipmos Technologies by 125.5% in the 3rd quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 1,204 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Chipmos Technologies by 2.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 71,140 shares of the semiconductor company’s stock valued at $1,361,000 after acquiring an additional 1,949 shares during the period. Kathmere Capital Management LLC bought a new stake in Chipmos Technologies during the 1st quarter valued at $204,000. Finally, Delphi Management Inc. MA purchased a new stake in shares of Chipmos Technologies during the first quarter worth $254,000. 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.