Chipmos Technologies (NASDAQ:IMOS) Shares Gap Down – What’s Next?

Chipmos Technologies (NASDAQ:IMOS) shares gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings raised shares of Chipmos Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Chipmos Technologies Price Performance

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 company has a market cap of $1.88 billion, a PE ratio of 26.05 and a beta of 1.35. The firm has a 50 day moving average of $60.57 and a two-hundred day moving average of $49.89.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.16. Chipmos Technologies had a return on equity of 9.25% and a net margin of 8.30%.The firm had revenue of $231.81 million during the quarter, compared to the consensus estimate of $236.95 million. During the same period last year, the company earned ($0.51) earnings per share. The company’s revenue was up 28.7% on a year-over-year basis.

Chipmos Technologies Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, July 24th. Investors of record on Monday, June 29th were given a dividend of $0.7826 per share. This represents a dividend yield of 134.0%. This is an increase from Chipmos Technologies’s previous annual dividend of $0.61. The ex-dividend date of this dividend was Monday, June 29th. Chipmos Technologies’s payout ratio is 37.25%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IMOS. XY Capital Ltd purchased a new position in shares of Chipmos Technologies during the fourth quarter valued at approximately $314,000. Ballentine Partners LLC boosted its holdings in Chipmos Technologies by 5.0% in the fourth quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock worth $638,000 after purchasing an additional 1,028 shares during the last quarter. Farther Finance Advisors LLC grew 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 purchasing an additional 1,178 shares during the period. Dimensional Fund Advisors LP raised its stake in Chipmos Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after buying an additional 335 shares during the last quarter. Finally, Smartleaf Asset Management LLC purchased a new stake in Chipmos Technologies during the 4th quarter valued at $54,000. 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.