Chipmos Technologies (NASDAQ:IMOS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Chipmos Technologies (NASDAQ:IMOS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $39.72 and traded as high as $57.69. Chipmos Technologies shares last traded at $56.48, with a volume of 96,638 shares changing hands.

Wall Street Analyst Weigh In

IMOS has been the topic of several research reports. Wall Street Zen lowered shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipmos Technologies in a report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Chipmos Technologies Price Performance

The stock has a market capitalization of $1.94 billion, a P/E ratio of 74.99 and a beta of 1.32. The business’s 50 day simple moving average is $49.96 and its two-hundred day simple moving average is $40.11. The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44.

Chipmos Technologies Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, July 24th. Investors of record on Monday, June 29th will be given a dividend of $0.7826 per share. The ex-dividend date of this dividend is Monday, June 29th. This is a positive change from Chipmos Technologies’s previous annual dividend of $0.61. This represents a dividend yield of 142.0%. Chipmos Technologies’s payout ratio is presently 86.49%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its position in shares of Chipmos Technologies by 74.7% during the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 587 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Chipmos Technologies by 163.0% during the first quarter. NewEdge Advisors LLC now owns 797 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 494 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Chipmos Technologies by 16,828.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 1,178 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in Chipmos Technologies during the fourth quarter worth $54,000. Finally, GAMMA Investing LLC lifted its holdings in Chipmos Technologies by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 410 shares during the period. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.