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

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IMOS shares. 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 note on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Chipmos Technologies Price Performance

The stock has a market capitalization of $2.54 billion, a P/E ratio of 97.97 and a beta of 1.31. The company’s 50 day simple moving average is $53.57 and its two-hundred day simple moving average is $41.84. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08.

Chipmos Technologies Increases Dividend

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

Hedge Funds Weigh In On Chipmos Technologies

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC grew its holdings in shares of Chipmos Technologies by 163.0% during the first quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 494 shares during the last quarter. Farther Finance Advisors LLC lifted its position 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 worth $35,000 after buying an additional 1,178 shares in the last quarter. Allworth Financial LP lifted its position in Chipmos Technologies by 74.7% during the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after buying an additional 587 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in Chipmos Technologies during the 4th quarter worth about $54,000. Finally, GAMMA Investing LLC grew its holdings in Chipmos Technologies by 14.3% during the 4th 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. 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.