Chipmos Technologies (NASDAQ:IMOS) Announces Quarterly Earnings Results

Chipmos Technologies (NASDAQ:IMOS) released its quarterly earnings results on Tuesday. The semiconductor company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.38, FiscalAI reports. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.19%. The business had revenue of $263.49 million during the quarter, compared to analysts’ expectations of $249.03 million.

Chipmos Technologies Stock Up 0.6%

Shares of NASDAQ IMOS traded up $0.30 during midday trading on Tuesday, hitting $48.25. The stock had a trading volume of 71,603 shares, compared to its average volume of 77,120. The company has a market cap of $1.70 billion, a P/E ratio of 23.59 and a beta of 1.34. The company has a quick ratio of 1.94, a current ratio of 2.39 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $62.03 and its 200-day moving average is $52.98. Chipmos Technologies has a 52 week low of $22.00 and a 52 week high of $83.84.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Chipmos Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 30th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Chipmos Technologies

ChipMOS Technologies Inc. is a Taiwan-based provider of outsourced semiconductor assembly and test services. Founded in 1997, the company serves semiconductor manufacturers and other customers that rely on external partners to prepare and test chips for use in electronic devices. Its services include wafer bumping, semiconductor assembly, and testing. ChipMOS works with products such as display driver integrated circuits, memory chips, and mixed-signal semiconductors, which are used in applications including displays and consumer electronics.