XY Capital Ltd Invests $314,000 in Chipmos Technologies $IMOS

XY Capital Ltd bought a new position in Chipmos Technologies (NASDAQ:IMOS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,596 shares of the semiconductor company’s stock, valued at approximately $314,000.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Chipmos Technologies by 74.7% in 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 410 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Chipmos Technologies by 44.4% in the 3rd 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 in the last quarter. Finally, Bank of America Corp DE grew its position in Chipmos Technologies by 71.8% during the 2nd quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 4,952 shares during the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IMOS has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. Wall Street Zen lowered Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Chipmos Technologies presently has an average rating of “Hold”.

Chipmos Technologies Stock Up 15.7%

NASDAQ IMOS opened at $63.76 on Friday. The firm has a market cap of $2.25 billion, a PE ratio of 86.75 and a beta of 1.32. Chipmos Technologies has a one year low of $15.06 and a one year high of $70.99. The stock’s 50 day simple moving average is $50.52 and its 200 day simple moving average is $40.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08.

Chipmos Technologies Increases Dividend

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

Chipmos Technologies 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.