ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Announces Earnings Results, Meets Expectations

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) announced its earnings results on Thursday. The semiconductor company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38, Briefing.com reports. The business had revenue of $169.70 million during the quarter, compared to the consensus estimate of $163.30 million. ChipMOS TECHNOLOGIES had a return on equity of 7.62% and a net margin of 8.85%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS.

ChipMOS TECHNOLOGIES Stock Performance

Shares of NASDAQ:IMOS traded down $2.92 on Friday, reaching $25.11. 54,830 shares of the company’s stock were exchanged, compared to its average volume of 21,417. The company has a market capitalization of $913.05 million, a price-to-earnings ratio of 15.61 and a beta of 0.95. The company has a current ratio of 3.38, a quick ratio of 3.04 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $29.66 and a 200-day moving average of $27.59. ChipMOS TECHNOLOGIES has a twelve month low of $21.58 and a twelve month high of $32.19.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the 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 Others segments.