Share Buyback Program Approved by ChipMOS TECHNOLOGIES (NASDAQ:IMOS) Board

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) announced that its board has authorized a stock repurchase program on Tuesday, January 21st, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

ChipMOS TECHNOLOGIES Trading Up 11.0 %

Shares of NASDAQ:IMOS opened at $20.78 on Thursday. The company has a quick ratio of 2.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. ChipMOS TECHNOLOGIES has a 12-month low of $17.70 and a 12-month high of $32.19. The firm has a fifty day moving average of $19.08 and a two-hundred day moving average of $21.75. The firm has a market capitalization of $755.56 million, a P/E ratio of 14.53 and a beta of 0.86.

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

Analyst Upgrades and Downgrades

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

ChipMOS TECHNOLOGIES Company Profile

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.