Chipmos Technologies (NASDAQ:IMOS) Sees Strong Trading Volume – What’s Next?

Shares of Chipmos Technologies (NASDAQ:IMOS) saw unusually-high trading volume on Friday . Approximately 62,070 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 75,256 shares.The stock last traded at $77.0030 and had previously closed at $74.37.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IMOS. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Chipmos Technologies has a consensus rating of “Hold”.

Chipmos Technologies Stock Performance

The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 104.14 and a beta of 1.33. The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $59.47 and its two-hundred day moving average is $45.47.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.05). The firm had revenue of $217.06 million during the quarter, compared to analyst estimates of $214.39 million. Chipmos Technologies had a net margin of 3.05% and a return on equity of 3.28%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS.

Chipmos Technologies Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, July 24th. Investors of record on Monday, June 29th will be issued a dividend of $0.7826 per share. The ex-dividend date is Monday, June 29th. This is a boost from Chipmos Technologies’s previous annual dividend of $0.61. This represents a dividend yield of 134.0%. Chipmos Technologies’s dividend payout ratio is 102.70%.

Institutional Investors Weigh In On Chipmos Technologies

Several institutional investors have recently bought and sold shares of IMOS. Rhumbline Advisers lifted its stake in Chipmos Technologies by 51.4% in the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after acquiring an additional 12,759 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in Chipmos Technologies during the third quarter worth approximately $219,000. XY Capital Ltd bought a new stake in Chipmos Technologies in the fourth quarter valued at approximately $314,000. RBF Capital LLC bought a new stake in Chipmos Technologies in the fourth quarter valued at approximately $266,000. Finally, Delphi Management Inc. MA acquired a new stake in shares of Chipmos Technologies in the first quarter valued at approximately $254,000. 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.