ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Pass Above Two Hundred Day Moving Average - Here's Why

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.40 and traded as high as $19.14. ChipMOS TECHNOLOGIES shares last traded at $18.55, with a volume of 11,097 shares traded.

ChipMOS TECHNOLOGIES Stock Up 2.6%

The firm has a market cap of $714.15 million, a PE ratio of 13.73 and a beta of 0.96. The business has a fifty day moving average price of $17.08 and a two-hundred day moving average price of $18.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72.

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

ChipMOS TECHNOLOGIES Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.6132 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a dividend yield of 4.5%. ChipMOS TECHNOLOGIES's dividend payout ratio (DPR) is presently 62.24%.

ChipMOS TECHNOLOGIES announced that its board has initiated a stock repurchase program on Tuesday, May 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Institutional Trading of ChipMOS TECHNOLOGIES

Several large investors have recently made changes to their positions in IMOS. Wealthquest Corp bought a new stake in shares of ChipMOS TECHNOLOGIES during the 1st quarter worth about $52,000. Lindbrook Capital LLC increased its stake 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 worth $60,000 after purchasing an additional 826 shares during the period. JPMorgan Chase & Co. increased its stake in shares of ChipMOS TECHNOLOGIES by 761.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 3,609 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of 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 lifted its position in shares of 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. Institutional investors own 7.39% of the company's stock.

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.