Chipmos Technologies (NASDAQ:IMOS) Posts Earnings Results, Misses Estimates By $0.05 EPS

Chipmos Technologies (NASDAQ:IMOS) announced its quarterly earnings results on Tuesday. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.05), Briefing.com reports. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. During the same quarter in the prior year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year.

Chipmos Technologies Price Performance

Chipmos Technologies stock traded down $5.03 during trading hours on Tuesday, reaching $52.14. 116,334 shares of the stock were exchanged, compared to its average volume of 59,321. The company has a market cap of $1.84 billion, a P/E ratio of 121.26 and a beta of 1.16. The company has a current ratio of 2.40, a quick ratio of 2.08 and a debt-to-equity ratio of 0.44. Chipmos Technologies has a twelve month low of $15.06 and a twelve month high of $61.27. The stock has a 50 day moving average of $42.10 and a two-hundred day moving average of $35.03.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IMOS. Wall Street Zen downgraded shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipmos Technologies in a report on Friday, April 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IMOS. Dimensional Fund Advisors LP boosted its position 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 worth $2,727,000 after buying an additional 356 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Chipmos Technologies by 3.1% during the 4th 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 last quarter. Rhumbline Advisers boosted its holdings in Chipmos Technologies by 51.4% during the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after acquiring an additional 12,759 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Chipmos Technologies by 3.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock worth $829,000 after buying an additional 830 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Chipmos Technologies by 14.7% during the fourth quarter. Quadrant Capital Group LLC now owns 13,132 shares of the semiconductor company’s stock valued at $389,000 after purchasing 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.