ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sees Large Volume Increase - Should You Buy?

Shares of ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) saw unusually-high trading volume on Monday . Approximately 18,041 shares were traded during trading, a decline of 21% from the previous session's volume of 22,819 shares.The stock last traded at $19.56 and had previously closed at $19.15.

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 stock has a market capitalization of $719.03 million, a PE ratio of 14.02 and a beta of 0.96. The business has a fifty day moving average price of $17.20 and a 200-day moving average price of $18.40.

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

ChipMOS TECHNOLOGIES Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be issued a dividend of $0.6132 per share. This represents a dividend yield of 4.5%. The ex-dividend date is Friday, June 27th. ChipMOS TECHNOLOGIES's dividend payout ratio is currently 62.24%.

ChipMOS TECHNOLOGIES announced that its board has authorized a share repurchase plan on Tuesday, May 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of institutional investors have recently made changes to their positions in IMOS. Acadian Asset Management LLC raised its holdings in ChipMOS TECHNOLOGIES by 14.5% during the 1st quarter. Acadian Asset Management LLC now owns 250,695 shares of the semiconductor company's stock valued at $4,206,000 after buying an additional 31,768 shares during the last quarter. Wealthquest Corp purchased a new position in shares of ChipMOS TECHNOLOGIES in the first quarter valued at about $52,000. Envestnet Asset Management Inc. raised its stake in shares of ChipMOS TECHNOLOGIES by 35.4% during the first quarter. Envestnet Asset Management Inc. now owns 55,886 shares of the semiconductor company's stock valued at $941,000 after acquiring an additional 14,620 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of ChipMOS TECHNOLOGIES by 8.6% during the fourth quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company's stock worth $162,000 after purchasing an additional 679 shares during the period. Finally, Parvin Asset Management LLC bought a new stake in shares of ChipMOS TECHNOLOGIES in the fourth quarter worth about $505,000. Hedge funds and other 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.