Chipmos Technologies (NASDAQ:IMOS – Get Free Report) released its quarterly earnings results on Tuesday. The semiconductor company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.05), Briefing.com reports. The business had revenue of $217.06 million during the quarter, compared to analysts’ expectations of $214.39 million. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. The business’s revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS.
Chipmos Technologies Stock Performance
IMOS traded down $0.71 during mid-day trading on Thursday, reaching $53.84. 53,254 shares of the company traded hands, compared to its average volume of 60,031. The stock has a market capitalization of $1.90 billion, a P/E ratio of 125.21 and a beta of 1.16. Chipmos Technologies has a 52-week low of $15.06 and a 52-week high of $61.27. The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average price is $42.50 and its 200-day moving average price is $35.50.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in Chipmos Technologies by 51.4% during the second quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock valued at $681,000 after buying an additional 12,759 shares during the last quarter. Bank of America Corp DE increased its stake in Chipmos Technologies by 71.8% in the 2nd quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company’s stock worth $215,000 after buying an additional 4,952 shares in the last quarter. Parallel Advisors LLC raised its holdings in Chipmos Technologies by 44.4% during the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 1,890 shares during the period. Quadrant Capital Group LLC bought a new position in shares of Chipmos Technologies in the third quarter worth about $219,000. Finally, Allworth Financial LP raised its stake in Chipmos Technologies by 74.7% during the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 587 shares during the period. Institutional investors own 7.39% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on Chipmos Technologies
About Chipmos Technologies
ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.
Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.
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