Chipmos Technologies (NASDAQ:IMOS – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $57.24, but opened at $54.60. Chipmos Technologies shares last traded at $53.6210, with a volume of 4,900 shares traded.
Analyst Ratings Changes
A number of brokerages have weighed in on IMOS. Weiss Ratings raised Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.
Read Our Latest Analysis on IMOS
Chipmos Technologies Trading Up 3.1%
Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last announced its earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.64 by $0.16. The firm had revenue of $231.81 million for the quarter, compared to the consensus estimate of $236.95 million. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.25%. The business’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.51) EPS.
Chipmos Technologies Increases Dividend
The firm also recently declared an annual dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, June 29th were given a $0.7826 dividend. This is an increase from Chipmos Technologies’s previous annual dividend of $0.61. This represents a dividend yield of 134.0%. The ex-dividend date of this dividend was Monday, June 29th. Chipmos Technologies’s dividend payout ratio (DPR) is 31.37%.
Hedge Funds Weigh In On Chipmos Technologies
Large investors have recently made changes to their positions in the business. Allworth Financial LP boosted its stake in Chipmos Technologies by 74.7% during the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 587 shares during the period. NewEdge Advisors LLC increased its position in Chipmos Technologies by 163.0% in the 1st quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock worth $29,000 after buying an additional 494 shares during the period. Farther Finance Advisors LLC increased its position in Chipmos Technologies by 16,828.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after buying an additional 1,178 shares during the period. Smartleaf Asset Management LLC acquired a new position in shares of Chipmos Technologies during the fourth quarter worth approximately $54,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Chipmos Technologies by 44.4% during the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock worth $117,000 after buying an additional 1,890 shares during the last quarter. Institutional investors and hedge funds 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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