Chipmos Technologies Ltd. (imos) to Issue Dividend Increase – $1.03 Per Share
Chipmos Technologies Ltd. (NASDAQ:imos) declared an annual dividend on Thursday, November 17th. Shareholders of record on Tuesday, November 29th will be given a dividend of 1.033 per share on Tuesday, November 29th. The ex-dividend date is Friday, November 25th. This is a boost from Chipmos Technologies’s previous annual dividend of $0.14.
Chipmos Technologies (NASDAQ:IMOS) opened at 15.33 on Friday. The stock’s 50 day moving average is $15.65 and its 200 day moving average is $15.65. The stock has a market capitalization of $418.92 million, a PE ratio of 21.38 and a beta of 1.41. Chipmos Technologies has a 12-month low of $14.00 and a 12-month high of $19.10.
Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.22. Chipmos Technologies had a return on equity of 4.24% and a net margin of 2.29%. The company had revenue of $160.40 million for the quarter, compared to the consensus estimate of $157.20 million. During the same period in the prior year, the company earned $0.48 EPS. Analysts forecast that Chipmos Technologies will post $0.68 EPS for the current year.
Several brokerages have recently issued reports on IMOS. Zacks Investment Research downgraded shares of Chipmos Technologies from a “buy” rating to a “hold” rating in a research report on Monday. Cowen and Company increased their price objective on shares of Chipmos Technologies from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th.
A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Chipmos Technologies by 17.7% in the second quarter. FMR LLC now owns 1,502,102 shares of the company’s stock valued at $27,203,000 after buying an additional 226,274 shares in the last quarter. Weiss Asset Management LP purchased a new position in Chipmos Technologies during the second quarter valued at approximately $1,144,000. Jefferies Group LLC raised its position in Chipmos Technologies by 64.0% in the second quarter. Jefferies Group LLC now owns 128,629 shares of the company’s stock valued at $2,329,000 after buying an additional 50,191 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Chipmos Technologies by 10.4% in the third quarter. D. E. Shaw & Co. Inc. now owns 267,924 shares of the company’s stock valued at $5,304,000 after buying an additional 25,312 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Chipmos Technologies by 11.4% in the second quarter. Marshall Wace LLP now owns 85,692 shares of the company’s stock valued at $1,552,000 after buying an additional 8,781 shares in the last quarter. 62.63% of the stock is currently owned by hedge funds and other institutional investors.
About Chipmos Technologies
ChipMOS TECHNOLOGIES (Bermuda) LTD. is a holding company. The Company is a provider of semiconductor assembly and test services. The Company provides testing and assembly services for liquid crystal display (LCD) and other flat-panel display driver semiconductors in Taiwan, and for memory and logic/mixed-signal products in Taiwan and Mainland China.
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