Chipmos Technologies (NASDAQ:IMOS) Issues Quarterly Earnings Results

Chipmos Technologies (NASDAQ:IMOS) posted its quarterly earnings data on Tuesday. The semiconductor company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05), Briefing.com reports. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share.

Chipmos Technologies Stock Performance

Shares of IMOS stock traded down $5.03 during trading hours on Tuesday, hitting $52.14. 115,521 shares of the company were exchanged, compared to its average volume of 59,224. The firm has a fifty day simple moving average of $42.10 and a 200 day simple moving average of $35.03. The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. Chipmos Technologies has a 52-week low of $15.06 and a 52-week high of $61.27. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 121.26 and a beta of 1.16.

Institutional Investors Weigh In On Chipmos Technologies

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Chipmos Technologies by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,919 shares of the semiconductor company’s stock worth $2,727,000 after purchasing an additional 356 shares during the last quarter. Allworth Financial LP increased its stake 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. Goldman Sachs Group Inc. increased its stake in shares of Chipmos Technologies by 3.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock worth $829,000 after purchasing an additional 830 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Chipmos Technologies by 10.0% during the 3rd quarter. Bank of America Corp DE now owns 13,037 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 1,185 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Chipmos Technologies by 14.7% during the 4th quarter. Quadrant Capital Group LLC now owns 13,132 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 1,686 shares during the last quarter. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on IMOS. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipmos Technologies in a research note on Friday, April 10th. Wall Street Zen lowered shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Chipmos Technologies currently has an average rating of “Hold”.

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.