ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Shares Gap Down to $27.26

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $27.26, but opened at $26.09. ChipMOS TECHNOLOGIES shares last traded at $26.09, with a volume of 1,616 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 15th.

ChipMOS TECHNOLOGIES Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.54, a current ratio of 3.38 and a quick ratio of 3.04. The business has a 50 day moving average of $27.36 and a 200 day moving average of $28.11. The firm has a market capitalization of $949.36 million, a price-to-earnings ratio of 14.11 and a beta of 0.88.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. ChipMOS TECHNOLOGIES had a return on equity of 8.60% and a net margin of 9.62%. The business had revenue of $169.70 million during the quarter, compared to analysts’ expectations of $163.30 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year.

ChipMOS TECHNOLOGIES Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 27th will be paid a $0.858 dividend. The ex-dividend date is Thursday, June 27th. This represents a yield of 3.17%. ChipMOS TECHNOLOGIES’s payout ratio is 46.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JNBA Financial Advisors acquired a new position in ChipMOS TECHNOLOGIES in the first quarter valued at about $31,000. BNP Paribas Financial Markets bought a new stake in shares of ChipMOS TECHNOLOGIES in the first quarter valued at about $42,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 1.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock valued at $3,605,000 after purchasing an additional 1,592 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of ChipMOS TECHNOLOGIES in the fourth quarter valued at about $94,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 9.2% in the fourth quarter. Quadrant Capital Group LLC now owns 40,751 shares of the semiconductor company’s stock valued at $1,109,000 after purchasing an additional 3,445 shares in the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, 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.