Thursday, August 15, 2013 3:14:49 PM
Baupost initiated positions in two semiconductor related companies: it bought about 42 million shares of data storage device manufacturer Micron Technologies MU -4.52% and 2.8 million shares of semiconductor testing company ChipMOS Technologies IMOS -1.57% . Micron has more than doubled in price over the past year, and while it has been unprofitable on a trailing basis it did break into the black for the fiscal quarter which ended in May. Wall Street analysts predict that it will do well next year, and so the forward P/E is only 9, but that does seem a bit optimistic given recent results. ChipMOS's market cap is only about $500 million (though with plenty of dollar volume for most investors) which places its valuation at 12 times trailing earnings, though recent results have been flat at least on the top line. We would note that ChipMOS's beta is 2.7, demonstrating that its stock price tends to react strongly to changes in market conditions. Billionaires George Soros, Howard Marks, and Glenn Dubin are investors in Micron's convertible notes.
http://www.marketwatch.com/story/3-takeaways-from-the-baupost-groups-13f-2013-08-15?siteid=yhoof2
Recent IMOS News
- ChipMOS to Present at BofA Securities 2024 APAC TMT CONFERENCE • PR Newswire (US) • 03/14/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/08/2024 11:10:02 AM
- ChipMOS REPORTS 23.6% INCREASE IN FEBRUARY 2024 REVENUE YEAR OVER YEAR • PR Newswire (US) • 03/08/2024 11:00:00 AM
- Form 6-K/A - Report of foreign issuer [Rules 13a-16 and 15d-16]: [Amend] • Edgar (US Regulatory) • 02/29/2024 11:10:26 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 11:10:17 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/22/2024 11:15:25 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/22/2024 11:10:45 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/22/2024 11:06:04 AM
- ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS • PR Newswire (US) • 02/22/2024 07:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/07/2024 11:10:02 AM
- ChipMOS REPORTS 28.4% INCREASE IN JANUARY 2024 REVENUE YEAR OVER YEAR • PR Newswire (US) • 02/07/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/23/2024 11:01:13 AM
- ChipMOS SCHEDULES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS CONFERENCE CALL • PR Newswire (US) • 01/23/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/10/2024 11:10:02 AM
- ChipMOS REPORTS 22.2% YoY INCREASE IN 4Q23 REVENUE AND 21.1% YoY INCREASE IN DECEMBER 2023 REVENUE • PR Newswire (US) • 01/10/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/21/2023 11:03:34 AM
- ChipMOS Board of Directors Approves US$137.1 Million Proposed Sale of Equity Interests in Unimos Microelectronics (Shanghai) • PR Newswire (US) • 12/21/2023 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/08/2023 11:10:01 AM
- ChipMOS REPORTS 20.3% YoY INCREASE IN NOVEMBER 2023 REVENUE • PR Newswire (US) • 12/08/2023 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/09/2023 11:05:03 AM
- ChipMOS REPORTS 25.2% YoY OCTOBER 2023 REVENUE INCREASE • PR Newswire (US) • 11/09/2023 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/02/2023 10:10:03 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/02/2023 10:06:19 AM
- ChipMOS REPORTS THIRD QUARTER 2023 RESULTS • PR Newswire (US) • 11/02/2023 07:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/06/2023 10:13:13 AM
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