Chipmos Technologies (NASDAQ:IMOS) Stock Price Up 8.2% - Should You Buy?

Shares of Chipmos Technologies (NASDAQ:IMOS - Get Free Report) rose 8.2% during mid-day trading on Monday . The company traded as high as $18.80 and last traded at $20.12. Approximately 281 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 22,856 shares. The stock had previously closed at $18.59.

Chipmos Technologies Price Performance

The firm has a market capitalization of $693.89 million, a P/E ratio of 19.74 and a beta of 0.96. The business has a fifty day moving average of $18.14 and a 200-day moving average of $18.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.40 and a current ratio of 2.71.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $166.70 million during the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the company earned $0.38 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year.

Chipmos Technologies Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be issued a $0.6132 dividend. This represents a yield of 4.5%. The ex-dividend date is Friday, June 27th. Chipmos Technologies's dividend payout ratio (DPR) is 86.73%.

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

Hedge Funds Weigh In On Chipmos Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMOS. Wealthquest Corp bought a new position in Chipmos Technologies during the 1st quarter valued at $52,000. Lindbrook Capital LLC boosted its stake in shares of Chipmos Technologies by 34.8% during the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock worth $60,000 after acquiring an additional 826 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Chipmos Technologies by 761.4% during the 4th 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 5,000 shares in the last quarter. Finally, Bank of America Corp DE boosted 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. 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.