ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Up to $25.91

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $25.91, but opened at $26.58. ChipMOS TECHNOLOGIES shares last traded at $26.68, with a volume of 1,422 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised ChipMOS TECHNOLOGIES from a “buy” rating to a “strong-buy” rating in a report on Monday.

ChipMOS TECHNOLOGIES Price Performance

The stock has a market cap of $970.08 million, a P/E ratio of 14.01 and a beta of 0.88. The company’s 50 day moving average price is $27.08 and its 200-day moving average price is $28.07. The company has a quick ratio of 3.04, a current ratio of 3.38 and a debt-to-equity ratio of 0.54.

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

ChipMOS TECHNOLOGIES Cuts Dividend

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

Institutional Trading of ChipMOS TECHNOLOGIES

Hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC grew its holdings in ChipMOS TECHNOLOGIES by 1.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock worth $3,605,000 after purchasing an additional 1,592 shares during the period. HBK Sorce Advisory LLC acquired a new position in ChipMOS TECHNOLOGIES during the 1st quarter worth approximately $201,000. BNP Paribas Financial Markets bought a new position in ChipMOS TECHNOLOGIES in the first quarter worth approximately $42,000. JNBA Financial Advisors acquired a new stake in ChipMOS TECHNOLOGIES in the first quarter valued at approximately $31,000. Finally, Ballentine Partners LLC increased its holdings in shares of ChipMOS TECHNOLOGIES by 47.6% during the first quarter. Ballentine Partners LLC now owns 13,480 shares of the semiconductor company’s stock valued at $424,000 after acquiring an additional 4,348 shares in the last quarter. 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.