Chipmos Technologies (NASDAQ:IMOS) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Chipmos Technologies (NASDAQ:IMOS) posted its quarterly earnings data on Tuesday. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.20, Zacks reports. Chipmos Technologies had a return on equity of 0.47% and a net margin of 0.50%.The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS.

Chipmos Technologies Trading Up 4.0%

Shares of NASDAQ:IMOS opened at $23.37 on Tuesday. The firm has a fifty day moving average of $19.79 and a two-hundred day moving average of $18.58. The company has a quick ratio of 1.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.39. Chipmos Technologies has a 12-month low of $12.78 and a 12-month high of $24.77. The firm has a market capitalization of $838.13 million, a P/E ratio of 262.40 and a beta of 1.10.

Chipmos Technologies announced that its board has initiated a share repurchase program on Tuesday, September 2nd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IMOS. Wall Street Zen raised Chipmos Technologies from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Chipmos Technologies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Chipmos Technologies

An institutional investor recently raised its position in Chipmos Technologies stock. Rhumbline Advisers lifted its holdings in Chipmos Technologies (NASDAQ:IMOS) by 51.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,595 shares of the semiconductor company’s stock after purchasing an additional 12,759 shares during the period. Rhumbline Advisers owned 0.10% of Chipmos Technologies worth $681,000 at the end of the most recent reporting period. 7.39% of the stock is owned by hedge funds and other institutional investors.

Chipmos Technologies Company Profile

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.