Magnachip Semiconductor (NYSE:MX - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Thursday.
Separately, Needham & Company LLC reiterated a "buy" rating and issued a $6.00 target price on shares of Magnachip Semiconductor in a report on Thursday.
Read Our Latest Stock Report on Magnachip Semiconductor
Magnachip Semiconductor Trading Down 4.2 %
Shares of NYSE:MX traded down $0.16 during midday trading on Thursday, hitting $3.66. 332,048 shares of the stock were exchanged, compared to its average volume of 222,861. The stock has a market capitalization of $136.09 million, a price-to-earnings ratio of -3.15 and a beta of 0.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.09 and a current ratio of 4.81. The business's 50-day moving average price is $4.31 and its 200 day moving average price is $4.34. Magnachip Semiconductor has a 12 month low of $3.56 and a 12 month high of $5.97.
Institutional Trading of Magnachip Semiconductor
Several institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in shares of 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. Clearline Capital LP boosted its holdings in shares of Magnachip Semiconductor by 5.5% during the 4th quarter. Clearline Capital LP now owns 1,900,176 shares of the semiconductor company's stock worth $7,639,000 after buying an additional 99,421 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Magnachip Semiconductor by 192.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 44,105 shares of the semiconductor company's stock worth $177,000 after buying an additional 29,023 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Magnachip Semiconductor by 279.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 49,340 shares of the semiconductor company's stock worth $198,000 after buying an additional 36,347 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Magnachip Semiconductor by 10.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 574,451 shares of the semiconductor company's stock worth $2,309,000 after buying an additional 55,588 shares in the last quarter. 74.26% of the stock is currently owned by institutional investors.
Magnachip Semiconductor Company Profile
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Get Free Report)
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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