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

ChipMOS TECHNOLOGIES (NASDAQ:IMOSGet Free Report) issued its quarterly earnings results on Tuesday. The semiconductor company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21), Zacks reports. The business had revenue of $164.70 million for the quarter, compared to analyst estimates of $175.60 million. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS.

ChipMOS TECHNOLOGIES Stock Up 0.3 %

Shares of NASDAQ IMOS opened at $20.57 on Tuesday. ChipMOS TECHNOLOGIES has a 52-week low of $17.70 and a 52-week high of $32.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.07. The stock has a market cap of $747.97 million, a P/E ratio of 14.38 and a beta of 0.85. The firm has a 50 day moving average price of $19.37 and a 200 day moving average price of $20.97.

ChipMOS TECHNOLOGIES announced that its Board of Directors has authorized a share repurchase plan on Tuesday, January 21st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of ChipMOS TECHNOLOGIES from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

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ChipMOS TECHNOLOGIES Company Profile

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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.

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Earnings History for ChipMOS TECHNOLOGIES (NASDAQ:IMOS)

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