Chipmos Technologies (NASDAQ:IMOS – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $63.93, but opened at $68.61. Chipmos Technologies shares last traded at $72.0250, with a volume of 51,849 shares.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a research note on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Chipmos Technologies has a consensus rating of “Hold”.
Read Our Latest Analysis on IMOS
Chipmos Technologies Stock Performance
Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last posted its earnings results on Tuesday, May 12th. The semiconductor company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.05). Chipmos Technologies had a return on equity of 3.28% and a net margin of 3.05%.The business had revenue of $217.06 million for the quarter, compared to the consensus estimate of $214.39 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s revenue was up 25.4% on a year-over-year basis.
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. The ex-dividend date is Monday, June 29th. This represents a dividend yield of 134.0%. This is a boost from Chipmos Technologies’s previous annual dividend of $0.61. Chipmos Technologies’s payout ratio is presently 102.70%.
Institutional Trading of Chipmos Technologies
Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its stake in Chipmos Technologies by 74.7% in the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 587 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Chipmos Technologies by 163.0% during the first quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 494 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Chipmos Technologies by 16,828.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 1,178 shares during the period. Smartleaf Asset Management LLC bought a new stake in Chipmos Technologies in the 4th quarter valued at $54,000. Finally, GAMMA Investing LLC boosted its stake in Chipmos Technologies by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after purchasing an additional 410 shares during the period. 7.39% of the stock is currently owned by institutional investors and hedge funds.
About Chipmos Technologies
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.
Further Reading
- Five stocks we like better than Chipmos Technologies
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Receive News & Ratings for Chipmos Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipmos Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
