Magnachip Semiconductor (NYSE:MX) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Magnachip Semiconductor Co. (NYSE:MX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.39 and traded as high as $4.90. Magnachip Semiconductor shares last traded at $4.64, with a volume of 139,488 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Magnachip Semiconductor from a "hold" rating to a "sell" rating in a research note on Friday, January 17th.

Magnachip Semiconductor Stock Down 1.5 %

The company has a market cap of $160.53 million, a P/E ratio of -3.72 and a beta of 0.66. The business's 50 day moving average price is $4.31 and its 200-day moving average price is $4.37. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.81 and a quick ratio of 4.09.

Hedge Funds Weigh In On Magnachip Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the business. Clearline Capital LP increased its stake in shares of Magnachip Semiconductor by 5.5% in the fourth quarter. Clearline Capital LP now owns 1,900,176 shares of the semiconductor company's stock valued at $7,639,000 after buying an additional 99,421 shares in the last quarter. Ameriprise Financial Inc. raised its position in Magnachip Semiconductor by 112.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,458,280 shares of the semiconductor company's stock worth $5,862,000 after purchasing an additional 772,085 shares during the last quarter. Millennium Management LLC lifted its holdings in Magnachip Semiconductor by 20.5% during the 4th quarter. Millennium Management LLC now owns 589,984 shares of the semiconductor company's stock worth $2,372,000 after buying an additional 100,464 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in Magnachip Semiconductor by 10.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 574,451 shares of the semiconductor company's stock valued at $2,309,000 after buying an additional 55,588 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its position in shares of Magnachip Semiconductor by 1.9% during the fourth quarter. Kennedy Capital Management LLC now owns 383,989 shares of the semiconductor company's stock worth $1,544,000 after acquiring an additional 7,091 shares during the last quarter. Institutional investors and hedge funds own 74.26% of the company's stock.

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Magnachip Semiconductor Company Profile

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.