ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Hits New 52-Week Low at $21.75

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) hit a new 52-week low during trading 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.

Analysts Set New Price Targets

Separately, StockNews.com downgraded ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

ChipMOS TECHNOLOGIES Stock Down 1.7 %

The firm’s 50-day moving average price is $24.21 and its 200 day moving average price is $27.01. The company has a current ratio of 3.38, a quick ratio of 3.04 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $795.96 million, a price-to-earnings ratio of 11.83 and a beta of 0.90.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last announced its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported $0.38 earnings per share (EPS) 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 firm 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 earned $0.56 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year.

ChipMOS TECHNOLOGIES Cuts Dividend

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

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JNBA Financial Advisors bought a new stake in ChipMOS TECHNOLOGIES during the 1st quarter worth $31,000. BNP Paribas Financial Markets bought a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at approximately $42,000. O Shaughnessy Asset Management LLC boosted its position in 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 worth $3,605,000 after buying an additional 1,592 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in ChipMOS TECHNOLOGIES by 4.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after acquiring an additional 2,319 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in ChipMOS TECHNOLOGIES by 9.2% in the 4th quarter. Quadrant Capital Group LLC now owns 40,751 shares of the semiconductor company’s stock valued at $1,109,000 after acquiring an additional 3,445 shares during the period. 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.