Chipmos Technologies (NASDAQ:IMOS) Releases Earnings Results, Beats Estimates By $0.28 EPS

Chipmos Technologies (NASDAQ:IMOS) announced its earnings results on Tuesday. The semiconductor company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.28, Zacks reports. The business had revenue of $263.49 million for the quarter, compared to analyst estimates of $249.84 million. Chipmos Technologies had a return on equity of 9.19% and a net margin of 8.30%.

Chipmos Technologies Stock Down 2.9%

Shares of Chipmos Technologies stock traded down $1.52 during trading hours on Thursday, reaching $51.27. 9,780 shares of the company’s stock were exchanged, compared to its average volume of 84,647. The company has a 50 day moving average of $61.95 and a two-hundred day moving average of $53.04. Chipmos Technologies has a fifty-two week low of $25.27 and a fifty-two week high of $83.84. The company has a current ratio of 2.39, a quick ratio of 1.94 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.81 billion, a P/E ratio of 24.97 and a beta of 1.34.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Chipmos Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Chipmos Technologies

ChipMOS Technologies Inc. is a Taiwan-based provider of outsourced semiconductor assembly and test services. Founded in 1997, the company serves semiconductor manufacturers and other customers that rely on external partners to prepare and test chips for use in electronic devices. Its services include wafer bumping, semiconductor assembly, and testing. ChipMOS works with products such as display driver integrated circuits, memory chips, and mixed-signal semiconductors, which are used in applications including displays and consumer electronics.