Chipmos Technologies (NASDAQ:IMOS) Shares Gap Down – Time to Sell?

Chipmos Technologies (NASDAQ:IMOS)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $70.26, but opened at $65.89. Chipmos Technologies shares last traded at $66.65, with a volume of 22,299 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Chipmos Technologies presently has an average rating of “Hold”.

Chipmos Technologies Stock Performance

The business has a 50 day moving average of $46.27 and a 200 day moving average of $38.26. The company has a market capitalization of $2.38 billion, a P/E ratio of 91.76 and a beta of 1.31. The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44.

Chipmos Technologies Increases Dividend

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

Institutional Investors Weigh In On Chipmos Technologies

A number of hedge funds have recently bought and sold shares of IMOS. Allworth Financial LP raised its stake in Chipmos Technologies by 74.7% during the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 587 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Chipmos Technologies by 16,828.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 1,178 shares in the last quarter. Westside Investment Management Inc. raised its stake in Chipmos Technologies by 125.5% during the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 1,204 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in Chipmos Technologies during the fourth quarter valued at $54,000. Finally, GAMMA Investing LLC raised its stake in Chipmos Technologies by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 410 shares in 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.