Chipmos Technologies (NASDAQ:IMOS) Posts Earnings Results, Beats Expectations By $0.38 EPS

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

Chipmos Technologies Trading Up 0.6%

Shares of IMOS stock traded up $0.30 during trading hours on Tuesday, hitting $48.25. 71,603 shares of the company’s stock traded hands, compared to its average volume of 77,120. The stock has a market cap of $1.70 billion, a PE ratio of 23.59 and a beta of 1.34. The stock’s 50 day simple moving average is $62.03 and its 200 day simple moving average is $52.98. The company has a quick ratio of 1.94, a current ratio of 2.39 and a debt-to-equity ratio of 0.45. Chipmos Technologies has a 12 month low of $22.00 and a 12 month high of $83.84.

Wall Street Analyst Weigh In

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

Chipmos Technologies Company Profile

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.