Chipmos Technologies (NASDAQ:IMOS – Get Free Report)’s stock price traded up 8.7% during mid-day trading on Tuesday . The company traded as high as $62.60 and last traded at $63.3650. 11,744 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 72,723 shares. The stock had previously closed at $58.30.
Analysts Set New Price Targets
A number of research firms have commented on IMOS. Wall Street Zen downgraded shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on IMOS
Chipmos Technologies Trading Up 8.8%
Chipmos Technologies Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Friday, July 24th. Shareholders 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 yield of 134.0%. Chipmos Technologies’s payout ratio is presently 86.49%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of IMOS. NewEdge Advisors LLC boosted its holdings in shares of Chipmos Technologies by 163.0% in the 1st quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 494 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Chipmos Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock worth $3,301,000 after acquiring an additional 335 shares during the last quarter. Kathmere Capital Management LLC bought a new position in Chipmos Technologies in the first quarter worth about $204,000. Delphi Management Inc. MA acquired a new position in Chipmos Technologies in the first quarter valued at approximately $254,000. Finally, RBF Capital LLC acquired a new position in Chipmos Technologies in the fourth quarter valued at approximately $266,000. 7.39% of the stock is currently owned by institutional investors.
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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