ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Update – MarketBeat

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ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS – Get Rating) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 63,500 shares, a growth of 83.0% from the June 15th total of 34,700 shares. Based on an average daily trading volume, of 30,500 shares, the short-interest ratio is currently 2.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded ChipMOS TECHNOLOGIES from a “hold” rating to a “buy” rating in a report on Friday, April 22nd.

ChipMOS TECHNOLOGIES Stock Up 2.2 %

NASDAQ:IMOS traded up $0.50 during mid-day trading on Friday, reaching $22.80. The stock had a trading volume of 29,944 shares, compared to its average volume of 53,974. The business’s 50 day moving average is $30.19 and its 200 day moving average is $32.88. ChipMOS TECHNOLOGIES has a fifty-two week low of $21.38 and a fifty-two week high of $44.72. The stock has a market cap of $829.01 million, a P/E ratio of 4.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.22 and a quick ratio of 1.79.
ChipMOS TECHNOLOGIES (NASDAQ:IMOS – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The semiconductor company reported $1.18 EPS for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 22.66% and a net margin of 19.26%. The company had revenue of $235.00 million for the quarter.

ChipMOS TECHNOLOGIES Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Thursday, June 30th will be issued a dividend of $2.9194 per share. This represents a yield of 10.4%. The ex-dividend date of this dividend is Wednesday, June 29th. This is an increase from ChipMOS TECHNOLOGIES’s previous annual dividend of $0.94. ChipMOS TECHNOLOGIES’s dividend payout ratio (DPR) is 43.87%.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of ChipMOS TECHNOLOGIES by 32.4% in the first quarter. Bank of America Corp DE now owns 3,266 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 800 shares during the period. Evergreen Capital Management LLC boosted its position in shares of ChipMOS TECHNOLOGIES by 13.9% in the first quarter. Evergreen Capital Management LLC now owns 6,812 shares of the semiconductor company’s stock valued at $242,000 after acquiring an additional 833 shares during the period. Quadrant Capital Group LLC boosted its position in shares of ChipMOS TECHNOLOGIES by 23.9% in the fourth quarter. Quadrant Capital Group LLC now owns 5,087 shares of the semiconductor company’s stock valued at $179,000 after acquiring an additional 980 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of ChipMOS TECHNOLOGIES by 9.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,954 shares of the semiconductor company’s stock valued at $806,000 after acquiring an additional 1,924 shares during the period. Finally, Renaissance Group LLC boosted its position in shares of ChipMOS TECHNOLOGIES by 7.3% in the first quarter. Renaissance Group LLC now owns 32,696 shares of the semiconductor company’s stock valued at $1,162,000 after acquiring an additional 2,235 shares during the period. Institutional investors and hedge funds own 7.35% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

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ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in Taiwan, 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 Other segments.

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