ChipMOS TECHNOLOGIES (NASDAQ:IMOS – Get Free Report) posted its quarterly earnings data on Tuesday. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21), Zacks reports. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The firm had revenue of $164.70 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period in the prior year, the company posted $0.43 earnings per share. ChipMOS TECHNOLOGIES’s quarterly revenue was down 5.7% on a year-over-year basis.
ChipMOS TECHNOLOGIES Stock Performance
Shares of NASDAQ IMOS opened at $20.57 on Tuesday. ChipMOS TECHNOLOGIES has a 12 month low of $17.70 and a 12 month high of $32.19. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The company has a market cap of $747.97 million, a P/E ratio of 14.38 and a beta of 0.85. The business’s 50 day moving average is $19.37 and its two-hundred day moving average is $20.97.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research report on Tuesday, January 21st.
ChipMOS TECHNOLOGIES announced that its board has initiated a share buyback plan on Tuesday, January 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
About ChipMOS TECHNOLOGIES
ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, 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.
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