GSA Capital Partners LLP acquired a new stake in Magnachip Semiconductor Corp. (NYSE:MX – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 199,954 shares of the semiconductor company’s stock, valued at approximately $946,000.
Other large investors also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Magnachip Semiconductor in the 2nd quarter worth $54,000. FourWorld Capital Management LLC lifted its position in Magnachip Semiconductor by 667.1% in the first quarter. FourWorld Capital Management LLC now owns 1,657,701 shares of the semiconductor company’s stock valued at $4,642,000 after purchasing an additional 1,441,593 shares during the period. Renaissance Technologies LLC acquired a new stake in Magnachip Semiconductor in the first quarter valued at about $99,000. First Wilshire Securities Management Inc. boosted its holdings in Magnachip Semiconductor by 1.5% in the 1st quarter. First Wilshire Securities Management Inc. now owns 743,953 shares of the semiconductor company’s stock valued at $2,083,000 after purchasing an additional 11,096 shares in the last quarter. Finally, Lepercq De Neuflize Asset Management LLC boosted its holdings in Magnachip Semiconductor by 162.3% in the 4th quarter. Lepercq De Neuflize Asset Management LLC now owns 2,694,527 shares of the semiconductor company’s stock valued at $6,871,000 after purchasing an additional 1,667,434 shares in the last quarter. Hedge funds and other institutional investors own 74.26% of the company’s stock.
Magnachip Semiconductor Stock Down 5.4%
Shares of NYSE:MX opened at $3.42 on Wednesday. The company has a market capitalization of $125.01 million, a P/E ratio of -4.08 and a beta of 1.63. The company has a quick ratio of 1.93, a current ratio of 2.43 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $4.23 and its 200-day simple moving average is $3.96. Magnachip Semiconductor Corp. has a 52-week low of $2.18 and a 52-week high of $9.86.
Analyst Ratings Changes
Several equities analysts have issued reports on MX shares. Wall Street Zen upgraded Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Magnachip Semiconductor in a report on Friday, July 31st. Finally, Zacks Research downgraded Magnachip Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Magnachip Semiconductor has an average rating of “Reduce”.
About Magnachip Semiconductor
Magnachip Semiconductor Inc is a fabless semiconductor company specializing in high-performance analog and mixed-signal solutions for the display, power management and lighting markets. Its core product portfolio includes display driver ICs for LCD and OLED panels, high-voltage MOSFETs, DC-DC converters, LED driver ICs and power management devices used in consumer electronics, mobile devices, industrial equipment and automotive applications.
Founded in 2004 as a spin-off from MagnaChip, Magnachip is incorporated in the United States with design and sales offices strategically located across North America, Europe and Asia.
See Also
- Five stocks we like better than Magnachip Semiconductor
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding MX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Magnachip Semiconductor Corp. (NYSE:MX – Free Report).
Receive News & Ratings for Magnachip Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnachip Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.
