Chipmos Technologies (NASDAQ:IMOS) Stock Price Down 5.7% – Time to Sell?

Chipmos Technologies (NASDAQ:IMOS)’s stock price was down 5.7% during trading on Thursday . The stock traded as low as $59.57 and last traded at $59.19. 24,116 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 72,117 shares. The stock had previously closed at $62.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipmos Technologies in a research note on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Chipmos Technologies has a consensus rating of “Hold”.

Chipmos Technologies Stock Performance

The stock has a market cap of $2.13 billion, a P/E ratio of 82.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08. The stock’s 50 day simple moving average is $55.83 and its two-hundred day simple moving average is $42.98.

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 given a $0.7826 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a yield of 142.0%. This is an increase from Chipmos Technologies’s previous annual dividend of $0.61. Chipmos Technologies’s payout ratio is presently 86.49%.

Hedge Funds Weigh In On Chipmos Technologies

Large investors have recently added to or reduced their stakes in the company. XY Capital Ltd bought a new stake in shares of Chipmos Technologies in the fourth quarter valued at about $314,000. Ballentine Partners LLC grew its holdings in shares of Chipmos Technologies by 5.0% during the fourth quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock worth $638,000 after buying an additional 1,028 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 buying an additional 1,178 shares in the last quarter. GAMMA Investing LLC raised its position in Chipmos Technologies by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after buying an additional 410 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in Chipmos Technologies in the 3rd quarter valued at approximately $219,000. Institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

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.