Magnachip Semiconductor (NYSE:MX) CEO Chae Lee Purchases 80,000 Shares of Company Stock

Magnachip Semiconductor Corp. (NYSE:MX – Get Free Report) CEO Chae Lee purchased 80,000 shares of Magnachip Semiconductor stock in a transaction on Wednesday, September 23rd. The stock was bought at an average cost of $3.18 per share, with a total value of $254,400.00. Following the transaction, the chief executive officer directly owned 368,750 shares of the company’s stock, valued at approximately $1,172,625. The trade was a 27.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Chae Lee also recently made the following trade(s):

  • On Thursday, September 24th, Chae Lee purchased 20,000 shares of Magnachip Semiconductor stock. The shares were purchased at an average price of $3.22 per share, with a total value of $64,400.00.

Magnachip Semiconductor Stock Performance

MX traded up $0.14 during midday trading on Friday, reaching $3.33. The company’s stock had a trading volume of 1,992,115 shares, compared to its average volume of 1,287,669. The company has a current ratio of 2.43, a quick ratio of 1.93 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $3.31 and a 200 day simple moving average of $4.00. The stock has a market cap of $121.40 million, a P/E ratio of -3.96 and a beta of 1.65. Magnachip Semiconductor Corp. has a twelve month low of $2.18 and a twelve month high of $9.86.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lepercq De Neuflize Asset Management LLC lifted its position 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 acquiring an additional 1,667,434 shares in the last quarter. FourWorld Capital Management LLC grew 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 in the last quarter. First Wilshire Securities Management Inc. lifted its position in Magnachip Semiconductor by 1.5% during the 1st quarter. First Wilshire Securities Management Inc. now owns 743,953 shares of the semiconductor company’s stock worth $2,083,000 after buying an additional 11,096 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Magnachip Semiconductor during the 2nd quarter worth about $1,953,000. Finally, Potomac Capital Management Inc. acquired a new stake in shares of Magnachip Semiconductor in the fourth quarter valued at about $987,000. 74.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Magnachip Semiconductor in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

View Our Latest Analysis on Magnachip Semiconductor

Magnachip Semiconductor Company Profile

(Get Free Report)

Magnachip Semiconductor Corporation is a semiconductor company that designs and supplies analog and mixed-signal products for consumer, industrial, automotive, communications and computing applications. Its portfolio includes power management products, power discrete devices, display driver integrated circuits and other specialty semiconductor solutions.

The company’s power products include metal-oxide-semiconductor field-effect transistors, insulated-gate bipolar transistors and power integrated circuits used to manage, convert and regulate electrical power in electronic systems.

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