Baupost Group LLC MA decreased its position in Chipmos Technologies Ltd. (NASDAQ:IMOS) by 13.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,048,295 shares of the semiconductor company’s stock after selling 461,563 shares during the quarter. Chipmos Technologies makes up 0.7% of Baupost Group LLC MA’s portfolio, making the stock its 20th biggest holding. Baupost Group LLC MA owned 7.12% of Chipmos Technologies worth $58,893,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Group One Trading L.P. bought a new position in shares of Chipmos Technologies in the second quarter worth about $113,000. Parametric Portfolio Associates LLC bought a new position in shares of Chipmos Technologies in the second quarter worth about $209,000. Airain ltd bought a new position in shares of Chipmos Technologies in the second quarter worth about $242,000. FDx Advisors Inc. bought a new position in shares of Chipmos Technologies in the third quarter worth about $248,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of Chipmos Technologies in the second quarter worth about $370,000. 16.47% of the stock is currently owned by institutional investors.
Shares of Chipmos Technologies Ltd. (IMOS) opened at $17.91 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.08 and a current ratio of 2.38. Chipmos Technologies Ltd. has a 1 year low of $13.94 and a 1 year high of $21.99. The stock has a market capitalization of $771.51, a PE ratio of 14.29, a P/E/G ratio of 2.22 and a beta of 0.18.
IMOS has been the topic of several recent research reports. Zacks Investment Research raised Chipmos Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine downgraded Chipmos Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th.
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Chipmos Technologies Profile
ChipMOS TECHNOLOGIES INC is a Taiwan-based company principally engaged in the integrated circuits packaging and testing business. The Company mainly provides thin small outline packaging (TSOP), fine-pitch ball grid array (FBGA) packaging, tape carrier packaging (TCP) and chip on film (COF) packaging services, as well as gold bumping services, among others.
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