ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Up to $22.68

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $22.68, but opened at $23.56. ChipMOS TECHNOLOGIES shares last traded at $23.00, with a volume of 5,177 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

ChipMOS TECHNOLOGIES Stock Up 3.5 %

The business’s 50 day moving average is $25.76 and its 200 day moving average is $27.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.04 and a current ratio of 3.38. The stock has a market cap of $853.42 million, a price-to-earnings ratio of 12.26 and a beta of 0.88.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. ChipMOS TECHNOLOGIES had a net margin of 9.62% and a return on equity of 8.60%. The firm had revenue of $169.70 million during the quarter, compared to analyst estimates of $163.30 million. During the same quarter last year, the business posted $0.28 EPS. The company’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 was paid on Friday, July 26th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.858 per share. This represents a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, June 27th. ChipMOS TECHNOLOGIES’s dividend payout ratio (DPR) is currently 45.41%.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

A number of institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC boosted its stake in shares of ChipMOS TECHNOLOGIES by 4.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock valued at $1,431,000 after buying an additional 2,319 shares during the period. Caprock Group LLC acquired a new stake in shares of ChipMOS TECHNOLOGIES in the 2nd quarter valued at $441,000. Blue Trust Inc. lifted its stake in shares of ChipMOS TECHNOLOGIES by 49,831.3% in the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 7,973 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of ChipMOS TECHNOLOGIES by 1.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock valued at $3,605,000 after purchasing an additional 1,592 shares during the last quarter. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of ChipMOS TECHNOLOGIES in the 1st quarter valued at $201,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

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.