ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Strong Trading Volume After Dividend Announcement

Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) saw strong trading volume on Friday after the company announced a dividend. 16,047 shares traded hands during mid-day 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 issued a $0.6132 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a dividend yield of 4.5%. ChipMOS TECHNOLOGIES's payout ratio is 62.24%.

ChipMOS TECHNOLOGIES Price Performance

The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $680.33 million, a price-to-earnings ratio of 13.08 and a beta of 0.92. The company's 50 day moving average is $16.95 and its 200-day moving average is $18.40.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last released its quarterly earnings data 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). ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The business had revenue of $166.70 million during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the company earned $0.38 EPS. ChipMOS TECHNOLOGIES's quarterly revenue was up 2.1% on a year-over-year basis.

ChipMOS TECHNOLOGIES declared that its board has approved a share buyback program on Tuesday, May 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Large investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in shares of ChipMOS TECHNOLOGIES by 5.3% during the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company's stock worth $624,000 after buying an additional 1,680 shares during the period. ABC Arbitrage SA acquired a new stake in ChipMOS TECHNOLOGIES during the fourth quarter worth approximately $393,000. Tower Research Capital LLC TRC boosted its holdings in shares of ChipMOS TECHNOLOGIES by 1,000.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company's stock worth $104,000 after acquiring an additional 5,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of ChipMOS TECHNOLOGIES by 761.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company's stock worth $77,000 after acquiring an additional 3,609 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of ChipMOS TECHNOLOGIES by 34.8% in the fourth 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 last quarter. 7.39% of the stock is owned by institutional investors.

About ChipMOS TECHNOLOGIES

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.