Chipmos Technologies (IMOS) Expected to Announce Quarterly Earnings on Wednesday

Chipmos Technologies (NASDAQ:IMOS) is expected to issue its results before the market opens on Wednesday, May 13th. Analysts expect the company to announce earnings of $0.4963 per share and revenue of $214.3860 million for the quarter.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, February 24th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.34 by $0.12. The business had revenue of $207.78 million for the quarter, compared to analyst estimates of $6.50 billion. Chipmos Technologies had a return on equity of 1.90% and a net margin of 1.88%.The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS.

Chipmos Technologies Price Performance

Shares of NASDAQ IMOS opened at $54.80 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 127.44 and a beta of 1.16. The firm’s 50 day simple moving average is $40.70 and its 200-day simple moving average is $33.97. Chipmos Technologies has a 12 month low of $15.06 and a 12 month high of $55.06.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in Chipmos Technologies by 71.8% in the 2nd 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 period. Quadrant Capital Group LLC raised its position in Chipmos Technologies by 14.7% during the fourth quarter. Quadrant Capital Group LLC now owns 13,132 shares of the semiconductor company’s stock worth $389,000 after acquiring an additional 1,686 shares during the period. Goldman Sachs Group Inc. raised its position in Chipmos Technologies by 3.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 27,965 shares of the semiconductor company’s stock worth $829,000 after acquiring an additional 830 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Chipmos Technologies by 3.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock valued at $2,175,000 after purchasing an additional 2,240 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Chipmos Technologies by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,919 shares of the semiconductor company’s stock valued at $2,727,000 after purchasing an additional 356 shares in the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

About Chipmos Technologies

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.