Chipmos Technologies (NASDAQ:IMOS) Trading Down 5.3% – Time to Sell?

Chipmos Technologies (NASDAQ:IMOS)’s share price traded down 5.3% during trading on Monday . The company 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 session volume of 80,010 shares. The stock had previously closed at $68.81.

Analyst Upgrades and Downgrades

IMOS has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Chipmos Technologies Price Performance

The company has a 50-day simple moving average of $61.46 and a 200-day simple moving average of $47.19. The stock has a market cap of $2.29 billion, a PE ratio of 88.61 and a beta of 1.33. 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 (NASDAQ:IMOS) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). Chipmos Technologies had a return on equity of 3.28% and a net margin of 3.05%.The company had revenue of $217.06 million for the quarter, compared to analysts’ expectations of $214.39 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Chipmos Technologies’s revenue for the quarter was up 25.4% on a year-over-year basis.

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 issued a dividend of $0.7826 per share. This is an increase from Chipmos Technologies’s previous annual dividend of $0.61. This represents a yield of 134.0%. The ex-dividend date of this dividend is Monday, June 29th. Chipmos Technologies’s payout ratio is presently 102.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IMOS. Allworth Financial LP boosted its stake in shares of 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 acquiring an additional 587 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 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 boosted its position in Chipmos Technologies by 16,828.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,178 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in Chipmos Technologies during the fourth quarter worth $54,000. Finally, GAMMA Investing LLC grew its holdings in Chipmos Technologies by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 410 shares during the last quarter. 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.