ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Downgraded by StockNews.com

StockNews.com cut shares of ChipMOS TECHNOLOGIES (NASDAQ:IMOS) from a strong-buy rating to a buy rating in a report published on Saturday.

ChipMOS TECHNOLOGIES Stock Performance

ChipMOS TECHNOLOGIES stock opened at $27.63 on Friday. ChipMOS TECHNOLOGIES has a 12-month low of $21.58 and a 12-month high of $32.19. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 14.94 and a beta of 0.89. 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 firm’s fifty day moving average price is $27.76 and its 200 day moving average price is $28.08.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $169.70 million for the quarter, compared to the consensus estimate of $163.30 million. ChipMOS TECHNOLOGIES had a net margin of 9.62% and a return on equity of 8.60%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS.

ChipMOS TECHNOLOGIES Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 27th will be given a $0.858 dividend. This represents a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, June 27th. ChipMOS TECHNOLOGIES’s payout ratio is currently 62.16%.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Several hedge funds and other institutional investors have recently modified their holdings of IMOS. JNBA Financial Advisors bought a new stake in shares of ChipMOS TECHNOLOGIES during the 1st quarter valued at about $31,000. BNP Paribas Financial Markets bought a new stake in shares of ChipMOS TECHNOLOGIES during the 1st quarter valued at about $42,000. O Shaughnessy Asset Management LLC grew its position in shares of ChipMOS TECHNOLOGIES by 1.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company’s stock valued at $3,605,000 after buying an additional 1,592 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of ChipMOS TECHNOLOGIES during the 4th quarter valued at about $94,000. Finally, Quadrant Capital Group LLC grew its position in shares of ChipMOS TECHNOLOGIES by 9.2% during the 4th quarter. Quadrant Capital Group LLC now owns 40,751 shares of the semiconductor company’s stock valued at $1,109,000 after buying an additional 3,445 shares during the last quarter. Institutional investors own 7.39% of the company’s stock.

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.