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

Chipmos Technologies (NASDAQ:IMOS) gapped up prior to trading on Monday . The stock had previously closed at $52.54, but opened at $56.90. Chipmos Technologies shares last traded at $55.37, with a volume of 18,978 shares trading hands.

Analyst Upgrades and Downgrades

IMOS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Wednesday, July 8th. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Chipmos Technologies Trading Up 4.5%

The business has a fifty day simple moving average of $61.27 and a 200 day simple moving average of $49.20. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 74.36 and a beta of 1.34. 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 announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.45 earnings per share 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 company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS.

Chipmos Technologies Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, June 29th were given a dividend of $0.7826 per share. This represents a yield of 134.0%. This is a boost from Chipmos Technologies’s previous annual dividend of $0.61. The ex-dividend date of this dividend was Monday, June 29th. Chipmos Technologies’s dividend payout ratio (DPR) is presently 102.70%.

Hedge Funds Weigh In On Chipmos Technologies

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Chipmos Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after purchasing an additional 335 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Chipmos Technologies by 3.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock valued at $2,175,000 after buying an additional 2,240 shares during the period. Rhumbline Advisers lifted its position in Chipmos Technologies by 51.4% during the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after buying an additional 12,759 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Chipmos Technologies by 3.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock valued at $829,000 after buying an additional 830 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in Chipmos Technologies by 5.0% during the fourth quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock worth $638,000 after buying an additional 1,028 shares during the period. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

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.