ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Reaches New 12-Month Low at $21.75

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.75 and last traded at $21.89, with a volume of 34453 shares trading hands. The stock had previously closed at $22.27.

Analysts Set New Price Targets

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th.

ChipMOS TECHNOLOGIES Stock Performance

The company has a quick ratio of 3.04, a current ratio of 3.38 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $795.96 million, a PE ratio of 12.04 and a beta of 0.88. The firm’s 50-day moving average price is $24.30 and its two-hundred day moving average price is $27.06.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its earnings results on Tuesday, August 13th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). The company had revenue of $179.00 million during the quarter, compared to analysts’ expectations of $177.96 million. ChipMOS TECHNOLOGIES had a return on equity of 7.72% and a net margin of 8.67%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS.

ChipMOS TECHNOLOGIES Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, July 26th. Stockholders of record on Thursday, June 27th were paid a $0.858 dividend. The ex-dividend date was Thursday, June 27th. This represents a dividend yield of 3.17%. ChipMOS TECHNOLOGIES’s payout ratio is presently 45.41%.

Institutional Trading of ChipMOS TECHNOLOGIES

Institutional investors have recently modified their holdings of the company. JNBA Financial Advisors bought a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at $31,000. BNP Paribas Financial Markets acquired a new stake in shares of ChipMOS TECHNOLOGIES in the first quarter valued at $42,000. HBK Sorce Advisory LLC bought a new position in shares of ChipMOS TECHNOLOGIES in the first quarter valued at about $201,000. Blue Trust Inc. lifted its position in ChipMOS TECHNOLOGIES by 49,831.3% during the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after buying an additional 7,973 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in ChipMOS TECHNOLOGIES during the 4th quarter worth about $220,000. Institutional investors and hedge funds 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.