Chipmos Technologies (NASDAQ:IMOS) Hits New 12-Month High – Here’s What Happened

Chipmos Technologies (NASDAQ:IMOS)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $64.29 and last traded at $65.72, with a volume of 28974 shares trading hands. The stock had previously closed at $56.72.

Analysts Set New Price Targets

Several brokerages have commented on IMOS. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a research note on Friday, April 10th. Wall Street Zen cut Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Chipmos Technologies presently has an average rating of “Hold”.

Chipmos Technologies Price Performance

The stock has a market capitalization of $2.28 billion, a PE ratio of 89.36 and a beta of 1.16. The business’s 50-day moving average price is $45.15 and its 200 day moving average price is $37.61. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.08 and a current ratio of 2.40.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings data on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The company had revenue of $207.78 million for the quarter, compared to the consensus estimate of $6.50 billion. Chipmos Technologies had a return on equity of 3.28% and a net margin of 3.05%.The firm’s revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share.

Chipmos Technologies Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, June 29th will be issued a $0.7826 dividend. This represents a dividend yield of 142.0%. The ex-dividend date of this dividend is Monday, June 29th. This is an increase from Chipmos Technologies’s previous annual dividend of $0.61. Chipmos Technologies’s payout ratio is 86.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IMOS. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 335 shares during the last quarter. Kathmere Capital Management LLC bought a new stake in Chipmos Technologies during the first quarter valued at approximately $204,000. Delphi Management Inc. MA purchased a new position in Chipmos Technologies in the 1st quarter worth approximately $254,000. RBF Capital LLC purchased a new position in Chipmos Technologies in the 4th quarter worth approximately $266,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Chipmos Technologies by 3.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock worth $2,175,000 after buying an additional 2,240 shares during the last quarter. Hedge funds and other institutional investors 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.