Chipmos Technologies (NASDAQ:IMOS) Shares Up 6% – Should You Buy?

Chipmos Technologies (NASDAQ:IMOS) traded up 6% on Thursday . The company traded as high as $73.27 and last traded at $72.76. Approximately 34,862 shares changed hands during trading, a decline of 56% from the average session volume of 78,576 shares. The stock had previously closed at $68.64.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen lowered Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Chipmos Technologies Price Performance

The stock has a market cap of $2.42 billion, a PE ratio of 93.62 and a beta of 1.33. The business’s 50-day simple moving average is $61.46 and its 200-day simple moving average is $47.06. 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 (NASDAQ:IMOS) last released its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Chipmos Technologies had a net margin of 3.05% and a return on equity of 3.28%. The business had revenue of $217.06 million for the quarter, compared to the consensus estimate of $214.39 million. During the same period in the previous year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis.

Chipmos Technologies Increases Dividend

The business 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 $0.7826 dividend. The ex-dividend date of this dividend is Monday, June 29th. This is an increase from Chipmos Technologies’s previous annual dividend of $0.61. This represents a yield of 134.0%. Chipmos Technologies’s payout ratio is currently 102.70%.

Institutional Trading of Chipmos Technologies

Several large investors have recently bought and sold shares of the company. XY Capital Ltd bought a new stake in shares of Chipmos Technologies during the fourth quarter valued at approximately $314,000. Ballentine Partners LLC lifted its position in Chipmos Technologies by 5.0% during the fourth quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock valued at $638,000 after buying an additional 1,028 shares during the period. Farther Finance Advisors LLC lifted its position 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 buying an additional 1,178 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Chipmos Technologies by 14.3% during the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after buying an additional 410 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Chipmos Technologies by 163.0% during the 1st quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 494 shares in the last quarter. 7.39% of the stock is owned by institutional investors.

About Chipmos Technologies

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.