Chipmos Technologies (NASDAQ:IMOS) Short Interest Update

Chipmos Technologies (NASDAQ:IMOS) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 72,936 shares, an increase of 87.7% from the May 14th total of 38,859 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 122,762 shares, the short-interest ratio is currently 0.6 days.

Chipmos Technologies Stock Down 3.4%

Shares of IMOS stock traded down $2.09 during trading hours on Tuesday, hitting $58.57. 79,305 shares of the company were exchanged, compared to its average volume of 70,239. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.08 and a current ratio of 2.40. Chipmos Technologies has a one year low of $15.06 and a one year high of $70.99. The business’s 50-day simple moving average is $51.52 and its two-hundred day simple moving average is $40.83. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 79.69 and a beta of 1.31.

Chipmos Technologies Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, June 29th. This is a positive change from Chipmos Technologies’s previous annual dividend of $0.61. This represents a dividend yield of 142.0%. Chipmos Technologies’s dividend payout ratio is 86.49%.

Analyst Ratings Changes

Several brokerages have recently commented on IMOS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. Wall Street Zen cut shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Chipmos Technologies

A number of large investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in Chipmos Technologies by 163.0% in the first quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 494 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Chipmos Technologies by 0.4% in 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. Kathmere Capital Management LLC bought a new position in Chipmos Technologies in the first quarter worth about $204,000. Delphi Management Inc. MA bought a new position in Chipmos Technologies in the first quarter worth about $254,000. Finally, RBF Capital LLC bought a new position in Chipmos Technologies in the fourth quarter worth about $266,000. 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.