ChipMOS Technologies (NASDAQ:IMOS) released its quarterly earnings data on Thursday. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.05, RTT News reports. ChipMOS Technologies had a net margin of 2.71% and a return on equity of 2.91%. The firm had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period last year, the business earned $0.25 earnings per share. ChipMOS Technologies’s revenue was up 13.0% compared to the same quarter last year.
IMOS stock traded down $0.16 during mid-day trading on Friday, hitting $16.62. 6,223 shares of the company were exchanged, compared to its average volume of 20,156. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.48 and a quick ratio of 2.06. The firm has a market cap of $603.77 million, a PE ratio of 32.81 and a beta of 0.74. ChipMOS Technologies has a 12-month low of $12.26 and a 12-month high of $19.20.
Hedge funds have recently made changes to their positions in the business. Aperio Group LLC purchased a new position in ChipMOS Technologies during the second quarter worth about $161,000. Dimensional Fund Advisors LP boosted its stake in ChipMOS Technologies by 11.3% during the second quarter. Dimensional Fund Advisors LP now owns 133,108 shares of the semiconductor company’s stock worth $2,013,000 after buying an additional 13,514 shares during the period. Wells Fargo & Company MN boosted its stake in ChipMOS Technologies by 34,065.9% during the first quarter. Wells Fargo & Company MN now owns 103,181 shares of the semiconductor company’s stock worth $1,636,000 after buying an additional 102,879 shares during the period. Finally, Foundry Partners LLC boosted its stake in ChipMOS Technologies by 9.7% during the second quarter. Foundry Partners LLC now owns 188,930 shares of the semiconductor company’s stock worth $2,859,000 after buying an additional 16,629 shares during the period. 7.19% of the stock is owned by institutional investors.
Several brokerages have weighed in on IMOS. ValuEngine raised shares of ChipMOS Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. BidaskClub raised shares of ChipMOS Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th.
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ChipMOS Technologies Company Profile
ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high integration and high precision integrated circuits, and related assembly and testing services. It provides a range of back-end assembly and test services, including engineering test, wafer probing and final test of memory and logic/mixed-signal semiconductors, as well as leadframe-and organic substrate-based package assembly services for memory and logic/mixed-signal semiconductors; and gold bumping, reel to reel assembly, and test services for LCD and other flat-panel display driver semiconductors.
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