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

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 traded hands during mid-day 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.

Analysts Set New Price Targets

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

Chipmos Technologies Stock Up 0.6%

The stock has a market capitalization of $644.76 million, a price-to-earnings ratio of 18.35 and a beta of 0.95. 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 stock has a 50 day moving average price of $18.48 and a 200 day moving average price of $18.20.

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 return on equity of 4.69% and a net margin of 5.10%. The business had revenue of $166.70 million for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm's quarterly revenue was up 2.1% on a year-over-year basis.

Chipmos Technologies Cuts Dividend

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

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

Several large investors have recently bought and sold shares of IMOS. Acadian Asset Management LLC grew its position in shares of Chipmos Technologies by 14.5% in 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. Vanguard Personalized Indexing Management LLC boosted its holdings in Chipmos Technologies by 66.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 69,191 shares of the semiconductor company's stock valued at $1,253,000 after acquiring an additional 27,617 shares during the last quarter. Parvin Asset Management LLC bought a new stake in Chipmos Technologies in the fourth quarter valued at approximately $505,000. Ballentine Partners LLC increased its position in Chipmos Technologies by 110.7% during the 2nd quarter. Ballentine Partners LLC now owns 31,793 shares of the semiconductor company's stock valued at $576,000 after purchasing an additional 16,707 shares during the period. Finally, Creative Planning increased its position in Chipmos Technologies by 50.3% during the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company's stock valued at $820,000 after purchasing an additional 15,150 shares during the period. 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.