Baupost Group LLC MA lessened its stake in shares of Chipmos Technologies Ltd. (NASDAQ:IMOS) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,048,295 shares of the semiconductor company’s stock after selling 461,563 shares during the quarter. Chipmos Technologies comprises approximately 0.7% of Baupost Group LLC MA’s portfolio, making the stock its 20th biggest position. Baupost Group LLC MA owned about 7.12% of Chipmos Technologies worth $58,893,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Renaissance Group LLC raised its stake in shares of Chipmos Technologies by 11.9% during the second quarter. Renaissance Group LLC now owns 19,643 shares of the semiconductor company’s stock worth $388,000 after purchasing an additional 2,085 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Chipmos Technologies by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 92,663 shares of the semiconductor company’s stock worth $1,832,000 after purchasing an additional 4,183 shares during the last quarter. State Street Corp raised its stake in shares of Chipmos Technologies by 16.8% during the second quarter. State Street Corp now owns 35,637 shares of the semiconductor company’s stock worth $705,000 after purchasing an additional 5,128 shares during the last quarter. Group One Trading L.P. acquired a new position in Chipmos Technologies during the second quarter worth $113,000. Finally, Foundry Partners LLC grew its holdings in Chipmos Technologies by 7.7% during the second quarter. Foundry Partners LLC now owns 145,529 shares of the semiconductor company’s stock worth $2,877,000 after acquiring an additional 10,453 shares during the period. Institutional investors and hedge funds own 16.47% of the company’s stock.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Chipmos Technologies from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered Chipmos Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.
WARNING: “Baupost Group LLC MA Has $58.89 Million Stake in Chipmos Technologies Ltd. (IMOS)” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.com-unik.info/2017/12/05/baupost-group-llc-ma-has-58-89-million-stake-in-chipmos-technologies-ltd-imos.html.
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.
What are top analysts saying about Chipmos Technologies Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Chipmos Technologies Ltd. and related companies.