ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Upgraded at StockNews.com

StockNews.com upgraded shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a buy rating to a strong-buy rating in a research report report published on Monday morning.

ChipMOS TECHNOLOGIES Trading Up 0.3 %

Shares of NASDAQ:IMOS opened at $26.64 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.38 and a quick ratio of 3.04. ChipMOS TECHNOLOGIES has a 1 year low of $21.58 and a 1 year high of $32.19. The company has a market cap of $968.63 million, a P/E ratio of 14.40 and a beta of 0.88. The stock’s fifty day moving average price is $27.01 and its 200-day moving average price is $28.05.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last issued its earnings results on Thursday, May 9th. The semiconductor company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. ChipMOS TECHNOLOGIES had a return on equity of 8.60% and a net margin of 9.62%. The business had revenue of $169.70 million during the quarter, compared to analyst estimates of $163.30 million. During the same quarter in the previous year, the firm earned $0.28 EPS. ChipMOS TECHNOLOGIES’s revenue was up 17.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 27th will be paid a dividend of $0.858 per share. The ex-dividend date is Thursday, June 27th. This represents a yield of 3.17%. ChipMOS TECHNOLOGIES’s dividend payout ratio is presently 46.49%.

Institutional Trading of ChipMOS TECHNOLOGIES

Several large investors have recently modified their holdings of IMOS. JNBA Financial Advisors bought a new position in ChipMOS TECHNOLOGIES in the first quarter valued at about $31,000. BNP Paribas Financial Markets bought a new position in shares of ChipMOS TECHNOLOGIES in the 1st quarter worth approximately $42,000. Blue Trust Inc. purchased a new position in shares of ChipMOS TECHNOLOGIES in the fourth quarter worth approximately $94,000. HBK Sorce Advisory LLC bought a new stake in ChipMOS TECHNOLOGIES during the first quarter valued at approximately $201,000. Finally, QRG Capital Management Inc. bought a new position in ChipMOS TECHNOLOGIES in the fourth quarter worth approximately $220,000. Institutional investors own 7.39% of the company’s stock.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.