Magnachip Semiconductor (NYSE:MX) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Magnachip Semiconductor (NYSE:MX) from a sell rating to a hold rating in a research note published on Thursday.

Magnachip Semiconductor Stock Performance

NYSE:MX opened at $4.02 on Thursday. Magnachip Semiconductor has a twelve month low of $3.56 and a twelve month high of $7.32. The firm has a market capitalization of $149.56 million, a price-to-earnings ratio of -3.47 and a beta of 0.64. 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 firm’s fifty day simple moving average is $4.01 and its 200 day simple moving average is $4.54.

Hedge Funds Weigh In On Magnachip Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of MX. Bank of Montreal Can purchased a new stake in shares of Magnachip Semiconductor during the second quarter valued at approximately $518,000. Oddo BHF Asset Management Sas acquired a new stake in Magnachip Semiconductor during the 3rd quarter valued at $1,005,000. Clearline Capital LP increased its stake in Magnachip Semiconductor by 37.5% during the 2nd quarter. Clearline Capital LP now owns 1,683,676 shares of the semiconductor company’s stock worth $8,200,000 after buying an additional 459,365 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Magnachip Semiconductor by 91.0% in the 3rd 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 in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Magnachip Semiconductor by 13.4% during the second quarter. American Century Companies Inc. now owns 57,173 shares of the semiconductor company’s stock valued at $278,000 after acquiring an additional 6,777 shares in the last quarter. 74.26% of the stock is owned by institutional investors and hedge funds.

About Magnachip Semiconductor

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.