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Here is What Hedge Funds Think About ChipMOS TECHNOLOGIES INC. (IMOS)

We already know that not all hedge funds are bullish on the stock and some hedge funds actually cashed in their positions entirely. Intriguingly, John Segrich and Michael Molnar’s Lorem Ipsum Management cashed in the largest investment of all the investors watched by Insider Monkey, comprising an estimated $0.9 million in stock. Ken Griffin’s fund, Citadel Investment Group, also dropped its stock, about $0.3 million worth.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as ChipMOS TECHNOLOGIES INC. – American Depositary Shares (NASDAQ:IMOS) but similarly valued. We will take a look at Resources Connection, Inc. (NASDAQ:RECN), Hemisphere Media Group Inc (NASDAQ:HMTV), Bryn Mawr Bank Corp. (NASDAQ:BMTC), and Triple-S Management Corp.(NYSE:GTS). All of these stocks’ market caps are closest to IMOS’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
RECN 16 63307 4
HMTV 9 57380 -1
BMTC 11 43505 3
GTS 10 88928 -3

As you can see these stocks had an average of 11 funds with bullish positions and the average amount invested in these stocks was $63 million, compared to $207 million in IMOS’s case. Resources Connection, Inc. (NASDAQ:RECN) is the most popular stock in this table, while Hemisphere Media Group Inc (NASDAQ:HMTV) is the least popular one with only nine funds holding shares. Compared to these stocks ChipMOS TECHNOLOGIES INC. – American Depositary Shares (NASDAQ:IMOS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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