Chipmos Technologies (NASDAQ:IMOS) Trading Down 5.7% – What’s Next?

Chipmos Technologies (NASDAQ:IMOS) traded down 5.7% on Thursday . The company traded as low as $59.57 and last traded at $59.19. Approximately 24,116 shares traded hands during trading, a decline of 67% from the average daily volume of 72,117 shares. The stock had previously closed at $62.80.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. Wall Street Zen lowered Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Chipmos Technologies Trading Down 5.6%

The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.09 billion, a P/E ratio of 80.84 and a beta of 1.32. The business has a 50 day moving average of $55.12 and a 200-day moving average of $42.64.

Chipmos Technologies Increases Dividend

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

Institutional Investors Weigh In On Chipmos Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Chipmos Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after acquiring an additional 335 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised 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 period. Rhumbline Advisers raised its stake in shares of Chipmos Technologies by 51.4% in the 2nd 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 during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Chipmos Technologies by 3.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock valued at $829,000 after purchasing an additional 830 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of Chipmos Technologies by 5.0% in the fourth quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock valued at $638,000 after purchasing an additional 1,028 shares in the last quarter. 7.39% of the stock is currently owned by institutional investors and hedge funds.

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.