Oddo BHF Asset Management Sas Takes Position in Magnachip Semiconductor Co. (NYSE:MX)

Oddo BHF Asset Management Sas acquired a new position in shares of Magnachip Semiconductor Co. (NYSE:MX - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 215,098 shares of the semiconductor company's stock, valued at approximately $1,005,000. Oddo BHF Asset Management Sas owned approximately 0.58% of Magnachip Semiconductor as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Magnachip Semiconductor during the third quarter worth about $29,000. Algert Global LLC raised its stake in shares of Magnachip Semiconductor by 15.0% during the 2nd quarter. Algert Global LLC now owns 18,944 shares of the semiconductor company's stock worth $92,000 after purchasing an additional 2,470 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Magnachip Semiconductor by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 57,173 shares of the semiconductor company's stock valued at $278,000 after buying an additional 6,777 shares during the last quarter. 272 Capital LP grew its stake in shares of Magnachip Semiconductor by 141.6% in the third quarter. 272 Capital LP now owns 91,740 shares of the semiconductor company's stock valued at $428,000 after buying an additional 53,774 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Magnachip Semiconductor by 91.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 102,377 shares of the semiconductor company's stock worth $478,000 after buying an additional 48,767 shares during the last quarter. Institutional investors and hedge funds own 74.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on MX shares. StockNews.com cut shares of Magnachip Semiconductor from a "hold" rating to a "sell" rating in a research note on Thursday, October 31st. Barclays upgraded shares of Magnachip Semiconductor to a "hold" rating in a research note on Tuesday, September 10th.

Magnachip Semiconductor Stock Performance

Shares of NYSE:MX traded down $0.01 on Friday, hitting $4.02. The company had a trading volume of 141,067 shares, compared to its average volume of 287,788. The stock has a 50 day moving average price of $4.28 and a 200 day moving average price of $4.67. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10. The stock has a market cap of $149.56 million, a price-to-earnings ratio of -3.47 and a beta of 0.64. Magnachip Semiconductor Co. has a 1-year low of $3.56 and a 1-year high of $8.16.

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.