Chipmos Technologies (NASDAQ:IMOS) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Chipmos Technologies (NASDAQ:IMOS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.72 and traded as high as $57.69. Chipmos Technologies shares last traded at $56.48, with a volume of 96,638 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IMOS. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipmos Technologies in a research note on Friday, April 10th. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Chipmos Technologies currently has an average rating of “Hold”.

Chipmos Technologies Trading Down 2.0%

The business has a 50 day moving average of $49.11 and a two-hundred day moving average of $39.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.08 and a current ratio of 2.40. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 76.84 and a beta of 1.31.

Chipmos Technologies Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, July 24th. Investors of record on Monday, June 29th will be paid a dividend of $0.7826 per share. This is an increase from Chipmos Technologies’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Monday, June 29th. This represents a yield of 142.0%. Chipmos Technologies’s dividend payout ratio (DPR) is currently 86.49%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Chipmos Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock worth $3,301,000 after purchasing an additional 335 shares in the last quarter. GAMMA Investing LLC increased its holdings in Chipmos Technologies by 14.3% during the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after purchasing an additional 410 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Chipmos Technologies by 163.0% during the 1st quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 494 shares in the last quarter. Allworth Financial LP increased its holdings in Chipmos Technologies by 74.7% during the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 587 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Chipmos Technologies by 3.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock worth $829,000 after purchasing an additional 830 shares in the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

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.