ChipMOS Technologies (IMOS) Posts Earnings Results, Beats Estimates By $0.05 EPS

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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.

A number of research analysts recently weighed in on IMOS shares. ValuEngine lowered shares of ChipMOS Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. BidaskClub raised shares of ChipMOS Technologies from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th.

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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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Earnings History for ChipMOS Technologies (NASDAQ:IMOS)

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