Chipmos Technologies (NASDAQ:IMOS) Stock Price Down 5.7% – Time to Sell?

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IMOS shares. Wall Street Zen downgraded shares of 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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Chipmos Technologies currently has a consensus rating of “Hold”.

Chipmos Technologies Stock Performance

The stock’s 50 day moving average is $55.12 and its two-hundred day moving average is $42.64. The firm has a market capitalization of $2.09 billion, a P/E ratio of 80.84 and a beta of 1.32. 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 business also recently disclosed an annual dividend, which will be paid on Friday, July 24th. Investors of record on Monday, June 29th will be paid a dividend of $0.7826 per share. This represents a dividend yield of 142.0%. This is a boost from Chipmos Technologies’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Monday, June 29th. Chipmos Technologies’s payout ratio is presently 86.49%.

Hedge Funds Weigh In On Chipmos Technologies

Several hedge funds have recently added to or reduced their stakes in IMOS. Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 335 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Chipmos Technologies by 3.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock worth $2,175,000 after acquiring an additional 2,240 shares during the last quarter. Rhumbline Advisers boosted its stake in Chipmos Technologies by 51.4% during the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after acquiring an additional 12,759 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Chipmos Technologies by 3.1% during 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 during the period. Finally, Ballentine Partners LLC grew its holdings in Chipmos Technologies by 5.0% during 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 during the period. 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.