Chipmos Technologies (NASDAQ:IMOS) Trading Up 11.7% – Should You Buy?

Chipmos Technologies (NASDAQ:IMOS)’s share price shot up 11.7% during trading on Thursday . The company traded as high as $76.35 and last traded at $76.03. 23,784 shares traded hands during trading, a decline of 68% from the average session volume of 74,795 shares. The stock had previously closed at $68.07.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IMOS. 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 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, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Chipmos Technologies Trading Up 9.3%

The company has a market cap of $2.62 billion, a P/E ratio of 101.23 and a beta of 1.33. The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $58.84 and its two-hundred day moving average is $45.14.

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). The company had revenue of $217.06 million during the quarter, compared to the consensus estimate of $214.39 million. Chipmos Technologies had a net margin of 3.05% and a return on equity of 3.28%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS.

Chipmos Technologies Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, July 24th. Investors of record on Monday, June 29th will be issued a $0.7826 dividend. The ex-dividend date is Monday, June 29th. This is a boost from Chipmos Technologies’s previous annual dividend of $0.61. This represents a yield of 134.0%. Chipmos Technologies’s dividend payout ratio (DPR) is currently 102.70%.

Institutional Trading of Chipmos Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMOS. Dimensional Fund Advisors LP raised its holdings 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 worth $3,301,000 after purchasing an additional 335 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Chipmos Technologies by 3.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock valued at $2,175,000 after purchasing an additional 2,240 shares during the last quarter. Rhumbline Advisers increased its position in shares of Chipmos Technologies by 51.4% during the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after buying an additional 12,759 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Chipmos Technologies by 3.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock worth $829,000 after buying an additional 830 shares during the period. Finally, Ballentine Partners LLC raised 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 last quarter. Institutional investors and hedge funds 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.