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

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

ChipMOS TECHNOLOGIES Stock Down 4.2 %

ChipMOS TECHNOLOGIES stock opened at $19.71 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72. The stock has a market capitalization of $716.70 million, a PE ratio of 13.78 and a beta of 0.85. The business has a 50 day simple moving average of $19.40 and a 200-day simple moving average of $20.95. ChipMOS TECHNOLOGIES has a 12 month low of $17.70 and a 12 month high of $32.19.

Wall Street Analysts Forecast Growth

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

ChipMOS TECHNOLOGIES announced that its Board of Directors has approved a stock repurchase plan on Tuesday, January 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

About ChipMOS TECHNOLOGIES

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.