Chipmos Technologies (NASDAQ:IMOS) Releases Quarterly Earnings Results, Beats Estimates By $0.38 EPS

Chipmos Technologies (NASDAQ:IMOS) announced its quarterly earnings results on Tuesday. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.38, FiscalAI reports. The company had revenue of $263.49 million during the quarter, compared to the consensus estimate of $249.03 million. Chipmos Technologies had a net margin of 8.30% and a return on equity of 9.19%.

Chipmos Technologies Stock Performance

IMOS stock traded up $4.97 on Wednesday, reaching $53.23. The company’s stock had a trading volume of 40,726 shares, compared to its average volume of 84,570. Chipmos Technologies has a 52 week low of $23.89 and a 52 week high of $83.84. The company has a market capitalization of $1.88 billion, a P/E ratio of 26.03 and a beta of 1.34. The firm has a fifty day moving average of $62.03 and a two-hundred day moving average of $52.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.39 and a quick ratio of 1.94.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Chipmos Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc. is a Taiwan-based provider of outsourced semiconductor assembly and test services. Founded in 1997, the company serves semiconductor manufacturers and other customers that rely on external partners to prepare and test chips for use in electronic devices. Its services include wafer bumping, semiconductor assembly, and testing. ChipMOS works with products such as display driver integrated circuits, memory chips, and mixed-signal semiconductors, which are used in applications including displays and consumer electronics.