Magnachip Semiconductor Co. (NYSE:MX - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.42 and traded as high as $4.60. Magnachip Semiconductor shares last traded at $4.47, with a volume of 62,009 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Magnachip Semiconductor from a "hold" rating to a "sell" rating in a research report on Friday, January 17th.
Read Our Latest Research Report on Magnachip Semiconductor
Magnachip Semiconductor Trading Down 0.1 %
The company has a market cap of $167.96 million, a price-to-earnings ratio of -3.89 and a beta of 0.66. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10. The company's 50-day moving average is $4.13 and its 200 day moving average is $4.41.
Hedge Funds Weigh In On Magnachip Semiconductor
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MX. Oddo BHF Asset Management Sas purchased a new position in Magnachip Semiconductor during the third quarter valued at $1,005,000. Clearline Capital LP lifted its holdings in Magnachip Semiconductor by 7.0% during the third quarter. Clearline Capital LP now owns 1,800,755 shares of the semiconductor company's stock valued at $8,410,000 after purchasing an additional 117,079 shares in the last quarter. Marshall Wace LLP lifted its holdings in Magnachip Semiconductor by 62.0% during the fourth quarter. Marshall Wace LLP now owns 230,480 shares of the semiconductor company's stock valued at $927,000 after purchasing an additional 88,223 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Magnachip Semiconductor by 61.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 165,552 shares of the semiconductor company's stock valued at $666,000 after purchasing an additional 63,175 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Magnachip Semiconductor during the fourth quarter valued at $243,000. 74.26% of the stock is owned by hedge funds and other institutional investors.
About Magnachip Semiconductor
(
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Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.
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