Chipmos Technologies (NASDAQ:IMOS) Issues Quarterly Earnings Results

Chipmos Technologies (NASDAQ:IMOS) announced its quarterly earnings data on Tuesday. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12, Zacks reports. The business had revenue of $207.78 million during the quarter, compared to analyst estimates of $6.50 billion. Chipmos Technologies had a net margin of 0.78% and a return on equity of 0.75%. The company’s revenue was up 26.2% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS.

Chipmos Technologies Stock Up 2.5%

Shares of NASDAQ:IMOS opened at $35.07 on Tuesday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 219.19 and a beta of 1.04. Chipmos Technologies has a 12 month low of $12.78 and a 12 month high of $45.43. The company has a current ratio of 2.47, a quick ratio of 2.12 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $34.76 and a 200 day moving average price of $26.08.

Institutional Investors Weigh In On Chipmos Technologies

Several institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in shares of Chipmos Technologies by 51.4% during the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 12,759 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in Chipmos Technologies in the third quarter worth $219,000. RBF Capital LLC purchased a new position in Chipmos Technologies during the fourth quarter worth $266,000. Bank of America Corp DE increased its position in Chipmos Technologies by 71.8% during the second quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 4,952 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Chipmos Technologies by 3.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock valued at $2,175,000 after acquiring an additional 2,240 shares during the last quarter. 7.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.