Should You Avoid ChipMOS Technologies (Bermuda) Ltd (IMOS)?

Page 1 of 2

ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) was in 5 hedge funds’ portfolio at the end of December. IMOS investors should be aware of a decrease in enthusiasm from smart money lately. There were 5 hedge funds in our database with IMOS holdings at the end of the previous quarter.

CHILTON INVESTMENT COMPANY

In the 21st century investor’s toolkit, there are tons of metrics shareholders can use to watch stocks. Two of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best fund managers can outclass the market by a significant amount (see just how much).

Equally as important, optimistic insider trading sentiment is a second way to parse down the world of equities. Just as you’d expect, there are a number of incentives for an executive to sell shares of his or her company, but only one, very simple reason why they would behave bullishly. Various empirical studies have demonstrated the useful potential of this tactic if investors understand where to look (learn more here).

With these “truths” under our belt, we’re going to take a look at the recent action encompassing ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS).

What does the smart money think about ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS)?

At the end of the fourth quarter, a total of 5 of the hedge funds we track held long positions in this stock, a change of 0% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings substantially.

According to our comprehensive database, Chilton Investment Company, managed by Richard Chilton, holds the largest position in ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS). Chilton Investment Company has a $20.7 million position in the stock, comprising 0.6% of its 13F portfolio. The second largest stake is held by Renaissance Technologies, managed by Jim Simons, which held a $2.9 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other hedgies with similar optimism include Gregory Fraser, Rudolph Kluiber, and Timothy Kroch’s GRT Capital Partners, Israel Englander’s Millennium Management and Mike Vranos’s Ellington.

Due to the fact that ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) has witnessed falling interest from the smart money, it’s safe to say that there is a sect of hedge funds that elected to cut their full holdings at the end of the year. It’s worth mentioning that Richard Driehaus’s Driehaus Capital dropped the biggest stake of the 450+ funds we monitor, totaling an estimated $1.3 million in stock.. Paul Tudor Jones’s fund, Tudor Investment Corp, also dropped its stock, about $1.1 million worth. These transactions are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

What do corporate executives and insiders think about ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS)?

Insider purchases made by high-level executives is most useful when the company in question has seen transactions within the past 180 days. Over the latest six-month time period, ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS). These stocks are Brooks Automation, Inc. (USA) (NASDAQ:BRKS), Nanometrics Incorporated (NASDAQ:NANO), Rda Microelectronics Inc (ADR) (NASDAQ:RDA), Ambarella Inc (NASDAQ:AMBA), and Intermolecular Inc (NASDAQ:IMI). This group of stocks belong to the semiconductor equipment & materials industry and their market caps match IMOS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!