ChipMOS Technologies (NASDAQ:IMOS) released its quarterly earnings results on Thursday. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05, RTT News reports. ChipMOS Technologies had a net margin of 2.71% and a return on equity of 2.91%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the firm earned $0.25 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis.
IMOS stock traded down $0.16 during mid-day trading on Friday, hitting $16.62. The company had a trading volume of 6,223 shares, compared to its average volume of 20,156. The firm has a market cap of $603.77 million, a price-to-earnings ratio of 14.84 and a beta of 0.74. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.06 and a current ratio of 2.48. ChipMOS Technologies has a 12 month low of $12.26 and a 12 month high of $19.20.
Hedge funds have recently made changes to their positions in the business. Aperio Group LLC bought a new stake in ChipMOS Technologies in the second quarter worth about $161,000. Wells Fargo & Company MN raised its position in ChipMOS Technologies by 34,065.9% in the first quarter. Wells Fargo & Company MN now owns 103,181 shares of the semiconductor company’s stock worth $1,636,000 after acquiring an additional 102,879 shares during the period. Dimensional Fund Advisors LP raised its position in ChipMOS Technologies by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 119,594 shares of the semiconductor company’s stock worth $1,896,000 after acquiring an additional 4,723 shares during the period. Finally, Foundry Partners LLC raised its position in ChipMOS Technologies by 9.7% in the second quarter. Foundry Partners LLC now owns 188,930 shares of the semiconductor company’s stock worth $2,859,000 after acquiring an additional 16,629 shares during the period. 7.19% of the stock is currently owned by institutional investors and hedge funds.
ChipMOS Technologies Company Profile
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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