Chipmos Technologies (NASDAQ:IMOS) Shares Gap Up – What’s Next?

Chipmos Technologies (NASDAQ:IMOSGet Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $59.00, but opened at $64.19. Chipmos Technologies shares last traded at $63.45, with a volume of 16,413 shares changing hands.

Analysts Set New Price Targets

IMOS has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a research 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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Chipmos Technologies presently has a consensus rating of “Hold”.

Read Our Latest Research Report on IMOS

Chipmos Technologies Stock Performance

The firm has a fifty day moving average price of $52.41 and a 200 day moving average price of $41.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.08 and a current ratio of 2.40. The stock has a market cap of $2.28 billion, a PE ratio of 88.10 and a beta of 1.32.

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 paid a dividend of $0.7826 per share. 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 payout ratio is presently 102.70%.

Hedge Funds Weigh In On Chipmos Technologies

Several hedge funds and other institutional investors have recently modified their holdings of IMOS. Dimensional Fund Advisors LP grew its position in 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 during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Chipmos Technologies by 3.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock valued at $2,175,000 after purchasing an additional 2,240 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Chipmos Technologies by 51.4% in the second 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 last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Chipmos Technologies by 3.1% in the fourth 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 last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Chipmos Technologies by 5.0% during the fourth 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 owned by hedge funds and other institutional investors.

About Chipmos Technologies

(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.

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