10,596 Shares in Chipmos Technologies $IMOS Purchased by XY Capital Ltd

XY Capital Ltd acquired a new position in shares of Chipmos Technologies (NASDAQ:IMOS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,596 shares of the semiconductor company’s stock, valued at approximately $314,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Chipmos Technologies by 74.7% during the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 587 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Chipmos Technologies by 16,828.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,178 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Chipmos Technologies by 14.3% during the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after purchasing an additional 410 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Chipmos Technologies by 44.4% during the 3rd quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 1,890 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Chipmos Technologies by 71.8% during the 2nd quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 4,952 shares during the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

Chipmos Technologies Trading Up 15.7%

Chipmos Technologies stock opened at $63.76 on Friday. The business has a 50 day moving average price of $50.52 and a two-hundred day moving average price of $40.36. The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 86.75 and a beta of 1.32. Chipmos Technologies has a 12 month low of $15.06 and a 12 month high of $70.99.

Chipmos Technologies Increases Dividend

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

Analysts Set New Price Targets

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

Chipmos Technologies 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.