Chipmos Technologies (NASDAQ:IMOS) Stock Price Down 5.3% – Should You Sell?

Chipmos Technologies (NASDAQ:IMOS)’s stock price traded down 5.3% during mid-day trading on Monday . The stock traded as low as $65.42 and last traded at $65.1310. 6,516 shares changed hands during trading, a decline of 92% from the average daily volume of 80,010 shares. The stock had previously closed at $68.81.

Analyst Ratings Changes

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

Chipmos Technologies Stock Performance

The firm has a market cap of $2.33 billion, a PE ratio of 89.80 and a beta of 1.33. The firm’s 50 day simple moving average is $61.83 and its 200 day simple moving average is $47.67. The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44.

Chipmos Technologies (NASDAQ:IMOS) last posted its 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 return on equity of 3.28% and a net margin of 3.05%.The firm had revenue of $217.06 million during the quarter, compared to analysts’ expectations of $214.39 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Chipmos Technologies’s quarterly revenue was up 25.4% on a year-over-year basis.

Chipmos Technologies Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, June 29th will be issued a dividend of $0.7826 per share. This is a positive change from Chipmos Technologies’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Monday, June 29th. This represents a dividend yield of 134.0%. Chipmos Technologies’s payout ratio is currently 102.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers raised its stake 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 purchasing an additional 12,759 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Chipmos Technologies in the 3rd quarter worth $219,000. XY Capital Ltd bought a new stake in shares of Chipmos Technologies in the 4th quarter worth about $314,000. RBF Capital LLC bought a new stake in shares of Chipmos Technologies in the 4th quarter worth about $266,000. Finally, Delphi Management Inc. MA purchased a new stake in shares of Chipmos Technologies during the 1st quarter valued at about $254,000. 7.39% of the stock is owned by hedge funds and other 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.