ChipMOS Technologies (Bermuda) Shares Down 2.9% on Disappointing Earnings (IMOS)
ChipMOS Technologies (Bermuda) (NASDAQ:IMOS)’s share price fell 2.9% on Wednesday following a weaker than expected earnings announcement, AR Network reports. The stock traded as low as $23.32 and last traded at $23.76, with a volume of 214,091 shares traded. The stock had previously closed at $24.47.
The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.06.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 30th. Shareholders of record on Thursday, October 16th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.29%.
A number of analysts have recently weighed in on IMOS shares. Analysts at Cowen and Company raised their price target on shares of ChipMOS Technologies (Bermuda) from $29.00 to $32.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Analysts at TheStreet upgraded shares of ChipMOS Technologies (Bermuda) from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd.
The stock has a 50-day moving average of $24.07 and a 200-day moving average of $22.64. The company has a market cap of $708.4 million and a price-to-earnings ratio of 17.12.
ChipMOS TECHNOLOGIES (NASDAQ:IMOS) LTD (ChipMOS Bermuda) is a holding company.
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