Chipmos Technologies (NASDAQ:IMOS) Sets New 12-Month High – What’s Next?

Shares of Chipmos Technologies (NASDAQ:IMOS) hit a new 52-week high on Monday . The stock traded as high as $72.00 and last traded at $70.5410, with a volume of 3975 shares trading hands. The stock had previously closed at $66.58.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IMOS shares. Wall Street Zen lowered Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated 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, the company currently has an average rating of “Hold”.

Chipmos Technologies Stock Performance

The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 88.90 and a beta of 1.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.08 and a current ratio of 2.40. The stock’s 50-day moving average price is $54.68 and its 200-day moving average price is $42.40.

Chipmos Technologies Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, June 29th will be given a dividend of $0.7826 per share. The ex-dividend date is Monday, June 29th. This is a positive change from Chipmos Technologies’s previous annual dividend of $0.61. This represents a yield of 142.0%. Chipmos Technologies’s dividend payout ratio (DPR) is presently 86.49%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. XY Capital Ltd purchased a new stake in shares of Chipmos Technologies in the 4th quarter worth about $314,000. Ballentine Partners LLC increased its holdings in Chipmos Technologies by 5.0% during the 4th quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock valued at $638,000 after acquiring an additional 1,028 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Chipmos Technologies by 16,828.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 1,178 shares in the last quarter. GAMMA Investing LLC raised its position in Chipmos Technologies by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 410 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Chipmos Technologies by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock worth $3,301,000 after acquiring an additional 335 shares during 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.