ChipMOS Technologies (NASDAQ:IMOS) Shares Pass Above 200-Day Moving Average of $16.59

ChipMOS Technologies Inc – (NASDAQ:IMOS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.59 and traded as high as $19.18. ChipMOS Technologies shares last traded at $19.11, with a volume of 471 shares traded.

Separately, BidaskClub raised shares of ChipMOS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 8th.

The stock has a market cap of $677.96 million, a price-to-earnings ratio of 8.83 and a beta of 0.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.22 and a current ratio of 2.57. The stock’s 50-day simple moving average is $17.14 and its two-hundred day simple moving average is $16.59.

ChipMOS Technologies (NASDAQ:IMOS) last released its earnings results on Tuesday, August 6th. The semiconductor company reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.38). The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.83 billion. ChipMOS Technologies had a return on equity of 13.34% and a net margin of 12.50%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS.

The company also recently announced an annual dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 8th were given a dividend of $0.591 per share. This is a positive change from ChipMOS Technologies’s previous annual dividend of $0.14. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a yield of 3.46%.

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in shares of ChipMOS Technologies by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,487,676 shares of the semiconductor company’s stock valued at $22,880,000 after acquiring an additional 25,009 shares in the last quarter. Atria Investments LLC purchased a new position in shares of ChipMOS Technologies during the 2nd quarter valued at $9,406,000. Guyasuta Investment Advisors Inc. grew its holdings in shares of ChipMOS Technologies by 16.2% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 35,841 shares of the semiconductor company’s stock valued at $551,000 after acquiring an additional 5,000 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of ChipMOS Technologies by 5,803.6% in the 2nd quarter. Parallel Advisors LLC now owns 13,224 shares of the semiconductor company’s stock valued at $203,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of ChipMOS Technologies by 8.0% in the 2nd quarter. Foundry Partners LLC now owns 212,882 shares of the semiconductor company’s stock valued at $3,274,000 after purchasing an additional 15,706 shares during the last quarter. 6.92% of the stock is owned by hedge funds and other institutional investors.

ChipMOS Technologies Company Profile (NASDAQ:IMOS)

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high integration and high precision integrated circuits, and related assembly and testing services. It provides a range of back-end assembly and test services, including engineering test, wafer probing and final test of memory and logic/mixed-signal semiconductors, as well as leadframe-and organic substrate-based package assembly services for memory and logic/mixed-signal semiconductors; and gold bumping, reel to reel assembly, and test services for LCD and other flat-panel display driver semiconductors.

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