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
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/19/2024 10:05:45 AM
- ChipMOS to Present at UBS Taiwan Summit 2024 • PR Newswire (US) • 09/19/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/18/2024 10:05:51 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/12/2024 10:02:47 AM
- ChipMOS to Present at Yuanta Securities' Q3 2024 Investment Forum • PR Newswire (US) • 09/12/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/10/2024 10:06:09 AM
- ChipMOS REPORTS 15.4% YoY GROWTH IN AUGUST 2024 REVENUE, UP 2.5% MoM • PR Newswire (US) • 09/10/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/13/2024 10:10:21 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/13/2024 10:06:49 AM
- ChipMOS REPORTS SECOND QUARTER 2024 RESULTS • PR Newswire (US) • 08/13/2024 07:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/09/2024 10:10:02 AM
- ChipMOS REPORTS 12.4% YoY GROWTH IN JULY 2024 REVENUE, UP 7.6% MoM • PR Newswire (US) • 08/09/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/05/2024 10:10:17 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/22/2024 10:10:02 AM
- US$1.098 CASH DIVIDEND TO BE DISTRIBUTED TO ChipMOS ADS HOLDERS PRE-WITHHOLDING TAX AND FEES • PR Newswire (US) • 07/22/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/10/2024 10:30:02 AM
- ChipMOS SCHEDULES SECOND QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL • PR Newswire (US) • 07/10/2024 10:20:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/10/2024 10:10:02 AM
- ChipMOS REPORTS 6.7% YoY INCREASE IN 2Q24 REVENUE AND 7.2% YoY INCREASE IN JUNE 2024 REVENUE • PR Newswire (US) • 07/10/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/14/2024 10:10:02 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/12/2024 01:15:15 PM
- ChipMOS SHAREHOLDERS APPROVE CASH DIVIDEND DISTRIBUTION OF NT$1.80 PER COMMON SHARE OR APPROXIMATELY US$1.11 PER ADS • PR Newswire (US) • 06/12/2024 01:10:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/11/2024 10:10:28 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/07/2024 10:10:02 AM
- ChipMOS REPORTS 10.4% YoY INCREASE IN MAY 2024 REVENUE • PR Newswire (US) • 06/07/2024 10:00:00 AM
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