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ChipMOS Technologies ( (IMOS) ) has issued an announcement.
On January 21, 2025, ChipMOS Technologies announced its Board of Directors’ authorization of a share repurchase program worth up to NT$350 million, approximately US$10.7 million. The program, set to occur between January 22 and March 21, 2025, will see up to 10,000,000 shares repurchased, representing 1.38% of the company’s issued share capital, within a price range of NT$21.18 to NT$35.00 per share. The decision aims to enhance shareholder value, as the company perceives its shares to be undervalued, aligning with its capital allocation strategy. The share repurchase is expected to support the company’s credit and shareholders’ equity without adversely affecting its financial health.
More about ChipMOS Technologies
ChipMOS Technologies Inc. is a leading provider of outsourced semiconductor assembly and test services (OSAT) with advanced facilities located in Taiwan. The company is recognized for its innovation and excellence, providing comprehensive assembly and test services to prominent fabless semiconductor companies, integrated device manufacturers, and independent semiconductor foundries across various global markets.
YTD Price Performance: -3.08%
Average Trading Volume: 24,979
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $673.5M
Find detailed analytics on IMOS stock on TipRanks’ Stock Analysis page.
