Chipmos Technologies (NASDAQ:IMOS – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $60.54, but opened at $55.91. Chipmos Technologies shares last traded at $56.3250, with a volume of 10,157 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Wall Street Zen cut Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Chipmos Technologies
Chipmos Technologies Stock Down 4.5%
Chipmos Technologies Increases Dividend
The firm also recently disclosed an annual dividend, which will be paid on Friday, July 24th. Investors of record on Monday, June 29th will be given a $0.7826 dividend. 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. This represents a yield of 135.0%. Chipmos Technologies’s payout ratio is currently 86.49%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of IMOS. Dimensional Fund Advisors LP increased its position 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 valued at $3,301,000 after purchasing an additional 335 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Chipmos Technologies by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after buying an additional 410 shares during the period. NewEdge Advisors LLC grew its stake in shares of Chipmos Technologies by 163.0% during the 1st quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 494 shares during the period. Allworth Financial LP boosted its position in shares of 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 purchasing an additional 587 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Chipmos Technologies by 3.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock valued at $829,000 after buying an additional 830 shares in the last quarter. 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.
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