ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Releases Quarterly Earnings Results, Misses Estimates By $0.21 EPS

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) issued its quarterly earnings results on Tuesday. The semiconductor company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21), Zacks reports. ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The business had revenue of $164.70 million for the quarter, compared to analysts’ expectations of $175.60 million. During the same period in the previous year, the business posted $0.43 earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year.

ChipMOS TECHNOLOGIES Stock Performance

Shares of NASDAQ:IMOS traded up $0.18 during mid-day trading on Thursday, reaching $19.07. The company had a trading volume of 1,753 shares, compared to its average volume of 23,612. The company’s 50-day moving average price is $19.40 and its 200-day moving average price is $20.94. ChipMOS TECHNOLOGIES has a one year low of $17.70 and a one year high of $32.19. The firm has a market cap of $693.42 million, a price-to-earnings ratio of 13.34 and a beta of 0.85. The company has a current ratio of 3.07, a quick ratio of 2.72 and a debt-to-equity ratio of 0.49.

ChipMOS TECHNOLOGIES declared that its board has authorized a share buyback plan on Tuesday, January 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

ChipMOS TECHNOLOGIES Company Profile

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.