Chipmos Technologies (IMOS) to Post Earnings on Thursday

Chipmos Technologies (NASDAQ:IMOSGet Free Report) is anticipated to issue its results before the market opens on Thursday, July 30th. Analysts expect Chipmos Technologies to announce earnings of $0.6390 per share and revenue of $236.9470 million for the quarter.

Chipmos Technologies (NASDAQ:IMOSGet Free Report) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). Chipmos Technologies had a net margin of 3.05% and a return on equity of 3.28%. The firm had revenue of $217.06 million during the quarter, compared to the consensus estimate of $214.39 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue was up 25.4% on a year-over-year basis.

Chipmos Technologies Trading Down 4.5%

NASDAQ:IMOS opened at $63.06 on Thursday. Chipmos Technologies has a twelve month low of $15.06 and a twelve month high of $78.35. 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 business has a 50 day moving average price of $62.00 and a two-hundred day moving average price of $47.91. The company has a market cap of $2.22 billion, a P/E ratio of 85.80 and a beta of 1.33.

Chipmos Technologies Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, June 29th will be given a $0.7826 dividend. This is a boost from Chipmos Technologies’s previous annual dividend of $0.61. This represents a dividend yield of 134.0%. The ex-dividend date of this dividend is Monday, June 29th. Chipmos Technologies’s payout ratio is presently 86.49%.

Wall Street Analyst Weigh In

Several research analysts recently commented on IMOS shares. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a report on Wednesday, July 8th. Wall Street Zen lowered shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Chipmos Technologies currently has a consensus rating of “Hold”.

View Our Latest Report on IMOS

Hedge Funds Weigh In On Chipmos Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Chipmos Technologies by 74.7% during the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after buying an additional 587 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in Chipmos Technologies during the fourth quarter worth $54,000. Parallel Advisors LLC lifted its stake in Chipmos Technologies by 44.4% in 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 last quarter. Bank of America Corp DE lifted its stake in Chipmos Technologies by 71.8% in the second quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 4,952 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new position in shares of Chipmos Technologies in the 3rd quarter valued at about $219,000. 7.39% of the stock is owned by institutional investors.

About Chipmos Technologies

(Get Free Report)

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.

Further Reading

Earnings History for Chipmos Technologies (NASDAQ:IMOS)

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