Chipmos Technologies (NASDAQ:IMOS) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Chipmos Technologies experienced a 24% increase in trading volume recently, with shares changing hands at $17.59 after a previous close of $16.87.
• Wall Street Zen downgraded Chipmos from a "hold" to a "sell" rating, indicating a bearish outlook following its quarterly earnings report that missed analysts' expectations.
• The company recently declared a dividend payout with a yield of 450.0%, but its dividend payout ratio stands at 65.31%, reflecting its balance between returning value to shareholders and maintaining earnings reinvestment.

Shares of Chipmos Technologies (NASDAQ:IMOS - Get Free Report) saw an uptick in trading volume on Tuesday . 24,984 shares changed hands during trading, an increase of 24% from the previous session's volume of 20,150 shares.The stock last traded at $17.59 and had previously closed at $16.87.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Chipmos Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th.

Chipmos Technologies Stock Performance

The company has a quick ratio of 2.40, a current ratio of 2.71 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $18.57 and a two-hundred day simple moving average of $18.24. The firm has a market cap of $623.82 million, a PE ratio of 17.75 and a beta of 0.95.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). Chipmos Technologies had a return on equity of 4.69% and a net margin of 5.10%. The firm had revenue of $166.70 million for the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the previous year, the company posted $0.38 EPS. Chipmos Technologies's quarterly revenue was up 2.1% compared to the same quarter last year.

Chipmos Technologies Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, June 27th were paid a $0.6132 dividend. The ex-dividend date was Friday, June 27th. This represents a yield of 450.0%. Chipmos Technologies's dividend payout ratio (DPR) is 65.31%.

Chipmos Technologies declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 13th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IMOS. Wealthquest Corp acquired a new position in shares of Chipmos Technologies in the first quarter valued at about $52,000. JPMorgan Chase & Co. grew its holdings in 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. Tower Research Capital LLC TRC grew its holdings in 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. Bank of America Corp DE grew its holdings in 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 acquiring an additional 679 shares during the period. Finally, Signaturefd LLC grew its holdings in Chipmos Technologies by 27.0% during the second quarter. Signaturefd LLC now owns 22,180 shares of the semiconductor company's stock worth $402,000 after acquiring an additional 4,716 shares during the period. 7.39% of the stock is owned by institutional investors and hedge funds.

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.

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