Chipmos Technologies (IMOS) Expected to Announce Earnings on Wednesday

Key Points

• ChipMOS is set to report quarterly results before the market opens on Wednesday, May 13, with analysts forecasting $0.4963 EPS and $214.39 million in revenue.
• In the prior quarter (Feb. 24) ChipMOS beat expectations with $0.46 EPS vs. $0.34 expected and $207.78 million in revenue (up 26.2% YoY); shares recently opened at $54.80 after a 13.8% rally, giving the company a roughly $1.93 billion market cap.
• Research coverage is mixed—MarketBeat shows a consensus "Hold" rating despite at least one upgrade to "strong-buy"—and institutional investors own about 7.39% of the stock.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) is expected to announce 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 - Get Free Report) last released its earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.12. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. The company had revenue of $207.78 million during the quarter, compared to analysts' expectations of $6.50 billion. During the same period last year, the business earned $0.19 EPS. Chipmos Technologies's revenue for the quarter was up 26.2% on a year-over-year basis.

Chipmos Technologies Trading Up 13.8%

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

Institutional Trading of Chipmos Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Chipmos Technologies by 74.7% during the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 587 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in Chipmos Technologies in the fourth quarter valued at $54,000. Parallel Advisors LLC grew its position in Chipmos Technologies by 44.4% during the 3rd quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company's stock worth $117,000 after purchasing an additional 1,890 shares during the period. RBF Capital LLC acquired a new stake in Chipmos Technologies during the 4th quarter worth about $266,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Chipmos Technologies during the 3rd quarter valued at about $219,000. Institutional investors and hedge funds own 7.39% of the company's stock.

Analysts Set New Price Targets

IMOS has been the topic of several research reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Chipmos Technologies in a research report on Friday, April 10th. Wall Street Zen raised Chipmos Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.