ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Issues Quarterly Earnings Results

ChipMOS TECHNOLOGIES (NASDAQ:IMOSGet 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

Separately, StockNews.com lowered ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

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About ChipMOS TECHNOLOGIES

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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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Earnings History for ChipMOS TECHNOLOGIES (NASDAQ:IMOS)

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