Chipmos Technologies (NASDAQ:IMOS) Raises Dividend to $0.78 Per Share

Chipmos Technologies (NASDAQ:IMOSGet Free Report) declared an annual dividend on Tuesday, May 26th. Investors of record on Monday, June 29th will be given a dividend of 0.7826 per share by the semiconductor company on Friday, July 24th. This represents a dividend yield of 142.0%. The ex-dividend date is Monday, June 29th. This is a 27.6% increase from Chipmos Technologies’s previous annual dividend of $0.61.

Chipmos Technologies has decreased its dividend payment by an average of 0.1%annually over the last three years. Chipmos Technologies has a payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings.

Chipmos Technologies Stock Performance

Shares of IMOS stock opened at $55.23 on Wednesday. The stock’s 50-day moving average price is $44.81 and its 200 day moving average price is $37.37. 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 has a market capitalization of $1.95 billion, a PE ratio of 75.14 and a beta of 1.16. Chipmos Technologies has a 52-week low of $15.06 and a 52-week high of $61.27.

Chipmos Technologies (NASDAQ:IMOSGet Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. Chipmos Technologies had a return on equity of 3.28% and a net margin of 3.05%.The company had revenue of $207.78 million during the quarter, compared to analysts’ expectations of $6.50 billion. During the same period last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 26.2% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports 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 lowered shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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Chipmos Technologies Company Profile

(Get Free Report)

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.

See Also

Dividend History for Chipmos Technologies (NASDAQ:IMOS)

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