GSA Capital Partners LLP Acquires New Stake in Magnachip Semiconductor Corp. $MX

GSA Capital Partners LLP acquired a new stake in Magnachip Semiconductor Corp. (NYSE:MXFree 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.

Magnachip Semiconductor (NYSE:MXGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.09. Magnachip Semiconductor had a negative net margin of 17.26% and a negative return on equity of 5.84%. The business had revenue of $44.70 million during the quarter, compared to the consensus estimate of $46.50 million.

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”.

Read Our Latest Report on MX

About Magnachip Semiconductor

(Free Report)

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

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:MXFree Report).

Institutional Ownership by Quarter for Magnachip Semiconductor (NYSE:MX)

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.