Chipmos Technologies (NASDAQ:IMOS) Issues Quarterly Earnings Results

Chipmos Technologies (NASDAQ:IMOS) issued its earnings results on Tuesday. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12, Zacks reports. The firm had revenue of $207.78 million for the quarter, compared to analysts’ expectations of $6.50 billion. Chipmos Technologies had a return on equity of 1.90% and a net margin of 1.88%.The company’s revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share.

Chipmos Technologies Trading Up 4.3%

Chipmos Technologies stock traded up $1.82 during trading hours on Thursday, hitting $44.10. The stock had a trading volume of 38,969 shares, compared to its average volume of 42,679. The business’s 50 day simple moving average is $35.30 and its 200-day simple moving average is $26.34. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 102.97 and a beta of 1.04. Chipmos Technologies has a one year low of $12.78 and a one year high of $45.43. The company has a quick ratio of 2.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.42.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IMOS. Wall Street Zen upgraded Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Weiss Ratings upgraded Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Chipmos Technologies presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Chipmos Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Chipmos Technologies by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,919 shares of the semiconductor company’s stock valued at $2,727,000 after purchasing an additional 356 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Chipmos Technologies by 3.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock worth $2,175,000 after acquiring an additional 2,240 shares during the period. Rhumbline Advisers raised its holdings in shares of Chipmos Technologies by 51.4% in the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after purchasing an additional 12,759 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Chipmos Technologies by 3.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock valued at $829,000 after buying an additional 830 shares during the period. Finally, Quadrant Capital Group LLC lifted its position 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 valued at $389,000 after buying an additional 1,686 shares during the last quarter. Institutional investors own 7.39% of the company’s stock.

About Chipmos Technologies

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.