ChipMOS TECHNOLOGIES (NASDAQ:IMOS – Get Free Report) posted its earnings results on Tuesday. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21), Zacks reports. The business had revenue of $164.70 million during the quarter, compared to analyst estimates of $175.60 million. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The firm’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share.
ChipMOS TECHNOLOGIES Trading Up 0.3 %
Shares of NASDAQ:IMOS opened at $20.57 on Tuesday. The firm has a market cap of $747.97 million, a price-to-earnings ratio of 14.38 and a beta of 0.85. ChipMOS TECHNOLOGIES has a 12 month low of $17.70 and a 12 month high of $32.19. The company’s fifty day simple moving average is $19.37 and its 200 day simple moving average is $20.97. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49.
ChipMOS TECHNOLOGIES announced that its Board of Directors has initiated a stock buyback program on Tuesday, January 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
Analysts Set New Price Targets
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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