Chipmos Technologies (NASDAQ:IMOS) Announces Earnings Results

Chipmos Technologies (NASDAQ:IMOS) released its earnings results on Tuesday. The semiconductor company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.64 by $0.16, FiscalAI reports. Chipmos Technologies had a net margin of 3.05% and a return on equity of 3.28%. The company had revenue of $231.81 million during the quarter, compared to analysts’ expectations of $236.95 million. During the same quarter last year, the business earned ($0.51) EPS. The business’s revenue was up 28.7% on a year-over-year basis.

Chipmos Technologies Price Performance

Shares of IMOS stock traded up $6.26 during midday trading on Tuesday, reaching $59.31. 89,801 shares of the company traded hands, compared to its average volume of 83,865. The firm’s 50 day simple moving average is $61.00 and its two-hundred day simple moving average is $49.25. The firm has a market cap of $2.09 billion, a PE ratio of 80.69 and a beta of 1.35. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08. Chipmos Technologies has a 1-year low of $15.06 and a 1-year high of $78.35.

Chipmos Technologies Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, June 29th were issued a $0.7826 dividend. This represents a yield of 134.0%. This is a boost from Chipmos Technologies’s previous annual dividend of $0.61. The ex-dividend date of this dividend was Monday, June 29th. Chipmos Technologies’s dividend payout ratio is 86.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IMOS shares. Wall Street Zen downgraded shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Chipmos Technologies has a consensus rating of “Hold”.

Institutional Trading of Chipmos Technologies

Large investors have recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of Chipmos Technologies by 74.7% during the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 587 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in Chipmos Technologies during the 4th quarter valued at $54,000. Parallel Advisors LLC grew its holdings in Chipmos Technologies by 44.4% during the 3rd quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 1,890 shares during the last quarter. Bank of America Corp DE increased its position in Chipmos Technologies by 71.8% during the second quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company’s stock worth $215,000 after buying an additional 4,952 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in Chipmos Technologies during the third quarter worth $219,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

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.