ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Large Volume Increase Following Dividend Announcement

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) shares saw unusually-high trading volume on Friday after the company announced a dividend. Approximately 16,047 shares changed hands during trading, a decline of 30% from the previous session's volume of 22,775 shares.The stock last traded at $17.74 and had previously closed at $18.93.

The newly announced dividend which will be paid on Friday, July 25th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.6132 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a dividend yield of 4.5%. ChipMOS TECHNOLOGIES's dividend payout ratio (DPR) is presently 62.24%.

ChipMOS TECHNOLOGIES Stock Performance

The company has a market cap of $682.51 million, a P/E ratio of 13.13 and a beta of 0.92. The firm has a 50 day moving average price of $16.95 and a 200-day moving average price of $18.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $166.70 million for the quarter, compared to the consensus estimate of $5.26 billion. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS.

ChipMOS TECHNOLOGIES announced that its board has initiated a stock repurchase program on Tuesday, May 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

Several large investors have recently made changes to their positions in IMOS. Wealthquest Corp bought a new stake in shares of ChipMOS TECHNOLOGIES during the 1st quarter worth about $52,000. Lindbrook Capital LLC boosted its stake in ChipMOS TECHNOLOGIES by 34.8% during the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock valued at $60,000 after purchasing an additional 826 shares during the period. JPMorgan Chase & Co. boosted its stake in ChipMOS TECHNOLOGIES by 761.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company's stock valued at $77,000 after purchasing an additional 3,609 shares during the period. Tower Research Capital LLC TRC boosted its stake in ChipMOS TECHNOLOGIES by 1,000.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company's stock valued at $104,000 after purchasing an additional 5,000 shares during the period. Finally, Bank of America Corp DE boosted its stake in ChipMOS TECHNOLOGIES by 8.6% during the 4th quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company's stock valued at $162,000 after purchasing an additional 679 shares during the period. Institutional investors own 7.39% of the company's stock.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Taiwan, 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.