ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Board Declares Stock Repurchase Program

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 21st, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization permits the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

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

ChipMOS TECHNOLOGIES Trading Up 2.6 %

IMOS traded up $0.48 during trading on Tuesday, hitting $18.72. The company’s stock had a trading volume of 46,588 shares, compared to its average volume of 23,107. ChipMOS TECHNOLOGIES has a twelve month low of $17.70 and a twelve month high of $32.19. The firm’s 50 day moving average price is $19.05 and its 200-day moving average price is $21.75. 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 cap of $680.66 million, a PE ratio of 13.09 and a beta of 0.86.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its earnings results on Tuesday, November 5th. The semiconductor company reported $0.26 earnings per share for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 6.66% and a net margin of 7.25%. The firm had revenue of $191.70 million for the quarter.

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.