Chipmos Technologies (NASDAQ:IMOS) Sees Large Volume Increase - What's Next?

Shares of Chipmos Technologies (NASDAQ:IMOS - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 40,494 shares were traded during trading, an increase of 76% from the previous session's volume of 23,053 shares.The stock last traded at $19.59 and had previously closed at $19.20.

Chipmos Technologies Stock Down 0.9%

The company has a current ratio of 2.71, a quick ratio of 2.40 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $670.40 million, a P/E ratio of 19.08 and a beta of 0.96. The stock has a 50 day moving average price of $18.28 and a 200 day moving average price of $18.38.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) last posted its earnings results on Tuesday, May 13th. The semiconductor company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Chipmos Technologies had a net margin of 5.10% and a return on equity of 4.69%. The firm 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 business posted $0.38 earnings per share. Chipmos Technologies's revenue for the quarter was up 2.1% compared to the same quarter last year.

Chipmos Technologies Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be paid a $0.6132 dividend. The ex-dividend date is Friday, June 27th. This represents a dividend yield of 4.5%. Chipmos Technologies's dividend payout ratio is 86.73%.

Chipmos Technologies announced that its board has authorized a share buyback plan on Tuesday, May 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthquest Corp acquired a new stake in shares of Chipmos Technologies in the first quarter valued at about $52,000. Lindbrook Capital LLC boosted its holdings in 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 acquiring an additional 826 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 raised its holdings 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 worth $104,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings 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 worth $162,000 after purchasing an additional 679 shares during the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

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.