ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Down to $25.15

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) shares gapped down prior to trading on Monday . The stock had previously closed at $25.15, but opened at $24.55. ChipMOS TECHNOLOGIES shares last traded at $24.63, with a volume of 3,290 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised ChipMOS TECHNOLOGIES from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

ChipMOS TECHNOLOGIES Stock Performance

The firm’s fifty day moving average is $26.71 and its 200-day moving average is $27.96. The company has a current ratio of 3.38, a quick ratio of 3.04 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $889.73 million, a PE ratio of 13.23 and a beta of 0.88.

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

ChipMOS TECHNOLOGIES Cuts Dividend

The company also recently declared 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. This represents a yield of 3.17%. The ex-dividend date of this dividend is Thursday, June 27th. ChipMOS TECHNOLOGIES’s dividend payout ratio (DPR) is 45.95%.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

A number of institutional investors have recently modified their holdings of the company. JNBA Financial Advisors acquired a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at about $31,000. BNP Paribas Financial Markets acquired a new position in shares of ChipMOS TECHNOLOGIES in the first quarter valued at approximately $42,000. O Shaughnessy Asset Management LLC increased its stake in ChipMOS TECHNOLOGIES by 1.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock worth $3,605,000 after buying an additional 1,592 shares during the period. Blue Trust Inc. acquired a new stake in ChipMOS TECHNOLOGIES during the 4th quarter worth approximately $94,000. Finally, Quadrant Capital Group LLC boosted its position in ChipMOS TECHNOLOGIES by 9.2% in the 4th quarter. Quadrant Capital Group LLC now owns 40,751 shares of the semiconductor company’s stock valued at $1,109,000 after buying an additional 3,445 shares during the period. 7.39% of the stock is owned by institutional investors and hedge funds.

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.