ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report)'s stock price shot up 9.1% during mid-day trading on Friday . The company traded as high as $19.90 and last traded at $20.89. 1,005 shares were traded during trading, a decline of 96% from the average session volume of 22,753 shares. The stock had previously closed at $19.15.
ChipMOS TECHNOLOGIES Stock Performance
The stock's 50-day moving average is $17.02 and its 200-day moving average is $18.40. 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 stock has a market cap of $759.24 million, a price-to-earnings ratio of 14.60 and a beta of 0.96.
ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last released its quarterly earnings data 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). ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The business had revenue of $166.70 million during the quarter, compared to analyst estimates of $5.26 billion. During the same period in the previous year, the company earned $0.38 EPS. ChipMOS TECHNOLOGIES's revenue was up 2.1% on a year-over-year basis.
ChipMOS TECHNOLOGIES Cuts Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, June 27th will be given a $0.6132 dividend. This represents a yield of 4.5%. The ex-dividend date of this dividend is Friday, June 27th. ChipMOS TECHNOLOGIES's dividend payout ratio (DPR) is presently 62.24%.
ChipMOS TECHNOLOGIES announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.
Institutional Investors Weigh In On ChipMOS TECHNOLOGIES
A number of large investors have recently modified their holdings of IMOS. Wealthquest Corp purchased a new position in ChipMOS TECHNOLOGIES in the 1st quarter worth approximately $52,000. Lindbrook Capital LLC lifted its position in shares of ChipMOS TECHNOLOGIES by 34.8% during 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 in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $77,000 after purchasing 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 4th quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the semiconductor company's stock valued at $104,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Bank of America Corp DE increased its stake 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 buying an additional 679 shares during the period. Institutional investors and hedge funds own 7.39% of the company's stock.
About ChipMOS TECHNOLOGIES
(
Get Free Report)
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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