Chipmos Technologies (NASDAQ:IMOS – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $73.97 and last traded at $72.53, with a volume of 202303 shares trading hands. The stock had previously closed at $63.93.
Analyst Ratings Changes
A number of equities research analysts have recently commented on IMOS shares. Wall Street Zen downgraded shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued 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, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Research Report on Chipmos Technologies
Chipmos Technologies Stock Up 3.4%
Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last announced its quarterly earnings data 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 company had revenue of $217.06 million for the quarter, compared to analysts’ expectations of $214.39 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The company’s revenue was up 25.4% on a year-over-year basis.
Chipmos Technologies Increases Dividend
The business also recently declared 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. This is an increase from Chipmos Technologies’s previous annual dividend of $0.61. This represents a yield of 134.0%. The ex-dividend date of this dividend is Monday, June 29th. Chipmos Technologies’s payout ratio is 102.70%.
Institutional Trading of Chipmos Technologies
Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of Chipmos Technologies by 74.7% during the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after buying an additional 587 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Chipmos Technologies by 163.0% in the first 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 last quarter. Farther Finance Advisors LLC boosted its holdings in Chipmos Technologies by 16,828.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 1,178 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in Chipmos Technologies during the fourth quarter valued at about $54,000. Finally, GAMMA Investing LLC grew its position in Chipmos Technologies by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after acquiring an additional 410 shares during the period. 7.39% of the stock is owned by hedge funds and other institutional investors.
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.
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