ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Trading 6% Higher - What's Next?

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) shot up 6% during trading on Wednesday . The company traded as high as $19.19 and last traded at $20.06. 12,757 shares changed hands during trading, a decline of 44% from the average session volume of 22,789 shares. The stock had previously closed at $18.92.

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 company has a fifty day moving average price of $16.95 and a two-hundred day moving average price of $18.41. The firm has a market cap of $682.51 million, a P/E ratio of 13.13 and a beta of 0.92.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). The company had revenue of $166.70 million during the quarter, compared to the consensus estimate of $5.26 billion. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS.

ChipMOS TECHNOLOGIES Cuts Dividend

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

ChipMOS TECHNOLOGIES declared that its Board of Directors has authorized a share buyback program on Tuesday, May 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Large investors have recently added to or reduced their stakes in the company. Wealthquest Corp acquired a new position in shares of ChipMOS TECHNOLOGIES during the first quarter worth about $52,000. Lindbrook Capital LLC lifted its stake in ChipMOS TECHNOLOGIES by 34.8% in the 4th 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in ChipMOS TECHNOLOGIES by 761.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company's stock valued at $77,000 after acquiring an additional 3,609 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 acquiring an additional 5,000 shares during the last quarter. Finally, Bank of America Corp DE grew its stake 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 acquiring an additional 679 shares in the last quarter. 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.