ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Announces Earnings Results

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) announced its quarterly earnings results on Tuesday. The semiconductor company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11), Briefing.com reports. ChipMOS TECHNOLOGIES had a return on equity of 8.60% and a net margin of 9.62%. The business had revenue of $179.00 million for the quarter, compared to analyst estimates of $177.96 million. During the same period last year, the firm earned $0.56 EPS. ChipMOS TECHNOLOGIES’s quarterly revenue was up 6.7% compared to the same quarter last year.

ChipMOS TECHNOLOGIES Price Performance

Shares of IMOS stock traded up $0.53 during trading on Tuesday, hitting $24.12. The company had a trading volume of 14,701 shares, compared to its average volume of 19,603. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.04 and a current ratio of 3.38. The firm has a market capitalization of $877.05 million, a P/E ratio of 13.04 and a beta of 0.88. The stock’s 50-day moving average price is $25.69 and its 200 day moving average price is $27.62. ChipMOS TECHNOLOGIES has a one year low of $21.77 and a one year high of $32.19.

ChipMOS TECHNOLOGIES Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, July 26th. Investors of record on Thursday, June 27th were paid a $0.858 dividend. This represents a dividend yield of 3.17%. The ex-dividend date was Thursday, June 27th. ChipMOS TECHNOLOGIES’s dividend payout ratio (DPR) is currently 45.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, 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.