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ChipMOS TECHNOLOGIES INC. (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), a leading semiconductor service provider with a market capitalization of $566 million, has announced key resolutions from its recent Board of Directors meeting held today. According to InvestingPro analysis, the company maintains strong financial health with good liquidity metrics and operates with moderate debt levels. Current analysis suggests the stock is trading below its Fair Value. The board has approved a capital reduction linked to the cancellation of treasury shares and set the date for the 2025 annual shareholders’ meeting.
The company will cancel 10 million common shares, which constitutes 1.38% of its share capital, resulting from the 4th share repurchase. This action will reduce the company’s capital by NT$100 million to a new total of NT$7.172 billion. The capital reduction record date is scheduled for May 28, 2025. The move aligns with ChipMOS’s commitment to shareholder returns, which includes a notable 5.41% dividend yield and a 12-year track record of consistent dividend payments.
Additionally, ChipMOS’s 2025 annual shareholders’ meeting (AGM) is convened for May 27, 2025, at the Hsinchu Science Park Life Hub, Einstein Hall. For deeper insights into ChipMOS’s financial performance and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers exclusive ProTips and detailed metrics for over 1,400 US-listed companies. The agenda for the AGM includes the presentation and ratification of the company’s 2024 financial statements and earnings distribution plan. Shareholders will also discuss amendments to the company’s Articles of Incorporation, the Rules of Procedure for Shareholders’ Meetings, and the Rules for Election of Directors and Independent (LON:IOG) Directors.
Reports on the company’s operations, the Audit Committee’s review, the status of distributable compensation for employees and directors for the year ended December 31, 2024, and a report on share repurchases will also be presented.
The book closure period, during which no shares can be transferred, starts on March 29, 2025, and ends on the date of the AGM, May 27, 2025. Shareholders’ proposals for discussion at the AGM will be accepted from March 21, 2025, to March 31, 2025, at the company’s address in Hsinchu City, Taiwan.
This information is based on a press release statement from ChipMOS TECHNOLOGIES INC. and reflects the company’s commitment to corporate governance and shareholder rights. Trading at a modest price-to-book ratio of 0.73, the stock presents potential value opportunities for investors. Access the complete financial analysis and discover more undervalued opportunities through InvestingPro’s comprehensive research tools.
In other recent news, ChipMOS TECHNOLOGIES INC. announced its financial results for the year ending December 31, 2024. The company reported an operating revenue of NT$22.7 billion and a gross profit of NT$2.9 billion. Operating profit stood at NT$1.3 billion, with a profit before income tax of NT$1.6 billion. The net profit attributable to equity holders was NT$1.4 billion, resulting in a basic earnings per share of NT$1.95. A cash dividend of NT$1.20 per share has been proposed, amounting to a total distribution of NT$872.7 million, pending shareholder approval at the upcoming annual general meeting (AGM) on May 27, 2025. The Board of Directors has also scheduled the AGM to discuss the adoption of financial statements and potential amendments to company procedures. Additionally, ChipMOS has set the submission period for shareholder proposals from March 21 to March 31, 2025, with the AGM to be held at the Hsinchu Science Park Life Hub in Taiwan. Shareholders are reminded of the book closure period from March 29 to May 27, 2025, during which share transfers will be restricted.
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