Chipmos Technologies (NASDAQ:IMOS) Hits New 12-Month High – Time to Buy?

Chipmos Technologies (NASDAQ:IMOS)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $73.97 and last traded at $72.53, with a volume of 202303 shares. The stock had previously closed at $63.93.

Wall Street Analyst Weigh In

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

Chipmos Technologies Trading Up 13.5%

The stock has a 50-day moving average of $57.94 and a 200 day moving average of $44.59. The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.56 billion, a PE ratio of 98.68 and a beta of 1.33.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Chipmos Technologies had a return on equity of 3.28% and a net margin of 3.05%.The business had revenue of $217.06 million for the quarter, compared to analysts’ expectations of $214.39 million. During the same period in the prior year, the business posted $0.15 earnings per share. The business’s quarterly revenue was up 25.4% compared to the same quarter last year.

Chipmos Technologies Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, July 24th. Investors of record on Monday, June 29th will be issued a dividend of $0.7826 per share. This represents a dividend yield of 134.0%. This is a boost from Chipmos Technologies’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Monday, June 29th. Chipmos Technologies’s dividend payout ratio is 102.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMOS. NewEdge Advisors LLC boosted its holdings in Chipmos Technologies by 163.0% in the first quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 494 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Chipmos Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after buying an additional 335 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in shares of Chipmos Technologies during the 1st quarter valued at about $204,000. Delphi Management Inc. MA acquired a new position in shares of Chipmos Technologies in the 1st quarter valued at about $254,000. Finally, RBF Capital LLC acquired a new position in shares of Chipmos Technologies in the 4th quarter valued at about $266,000. 7.39% of the stock is currently owned by institutional investors and hedge funds.

About Chipmos Technologies

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.