ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Sets New 1-Year Low at $21.75

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) hit a new 52-week low on Friday . The company traded as low as $21.75 and last traded at $21.89, with a volume of 34453 shares traded. The stock had previously closed at $22.27.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

ChipMOS TECHNOLOGIES Stock Performance

The stock has a fifty day simple moving average of $24.21 and a 200-day simple moving average of $27.01. The stock has a market cap of $795.96 million, a P/E ratio of 11.83 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.04 and a current ratio of 3.38.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its earnings results on Tuesday, August 13th. The semiconductor company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). ChipMOS TECHNOLOGIES had a net margin of 8.67% and a return on equity of 7.72%. The business had revenue of $179.00 million during the quarter, compared to the consensus estimate of $177.96 million. During the same period last year, the business posted $0.56 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, July 26th. Investors of record on Thursday, June 27th were paid a $0.858 dividend. The ex-dividend date was Thursday, June 27th. This represents a dividend yield of 3.17%. ChipMOS TECHNOLOGIES’s dividend payout ratio is presently 45.41%.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

A number of institutional investors and hedge funds have recently modified their holdings of IMOS. Caprock Group LLC acquired a new stake in ChipMOS TECHNOLOGIES during the 2nd quarter valued at $441,000. QRG Capital Management Inc. bought a new position in ChipMOS TECHNOLOGIES in the 4th quarter valued at about $220,000. Blue Trust Inc. lifted its holdings in ChipMOS TECHNOLOGIES by 49,831.3% during the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 7,973 shares during the last quarter. Renaissance Group LLC boosted its stake in ChipMOS TECHNOLOGIES by 6.7% in the 4th quarter. Renaissance Group LLC now owns 105,227 shares of the semiconductor company’s stock valued at $2,863,000 after purchasing an additional 6,581 shares during the period. Finally, HBK Sorce Advisory LLC acquired a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at $201,000. 7.39% of the stock is owned by institutional investors.

About ChipMOS TECHNOLOGIES

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.