Lepercq De Neuflize Asset Management LLC boosted its position in Magnachip Semiconductor Corp. (NYSE:MX – Free Report) by 162.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,694,527 shares of the semiconductor company’s stock after purchasing an additional 1,667,434 shares during the period. Magnachip Semiconductor comprises about 3.8% of Lepercq De Neuflize Asset Management LLC’s portfolio, making the stock its 4th biggest holding. Lepercq De Neuflize Asset Management LLC owned 0.07% of Magnachip Semiconductor worth $6,871,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of MX. LPL Financial LLC purchased a new stake in Magnachip Semiconductor in the fourth quarter worth $30,000. Sei Investments Co. purchased a new position in shares of Magnachip Semiconductor during the 2nd quarter valued at $61,000. Quadrature Capital Ltd lifted its position in shares of Magnachip Semiconductor by 57.0% during the 4th quarter. Quadrature Capital Ltd now owns 24,420 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 8,863 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Magnachip Semiconductor during the 4th quarter worth $65,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Magnachip Semiconductor during the 4th quarter worth $69,000. 74.26% of the stock is owned by institutional investors.
Magnachip Semiconductor Stock Up 12.1%
NYSE:MX opened at $5.92 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.91 and a current ratio of 2.37. The firm has a market cap of $215.72 million, a P/E ratio of -8.46 and a beta of 1.51. Magnachip Semiconductor Corp. has a fifty-two week low of $2.18 and a fifty-two week high of $9.86. The firm has a 50-day simple moving average of $5.06 and a two-hundred day simple moving average of $3.61.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on MX shares. Weiss Ratings raised Magnachip Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research downgraded shares of Magnachip Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Magnachip Semiconductor presently has a consensus rating of “Hold” and an average price target of $5.50.
Read Our Latest Stock Report on Magnachip Semiconductor
Magnachip Semiconductor Company Profile
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.
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