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

Magnachip Semiconductor (NYSE:MX) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Magnachip Semiconductor Stock Performance

NYSE MX opened at $4.03 on Thursday. The company’s 50 day moving average is $4.01 and its 200-day moving average is $4.54. The firm has a market cap of $149.93 million, a P/E ratio of -3.47 and a beta of 0.64. Magnachip Semiconductor has a 12-month low of $3.56 and a 12-month high of $7.15. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Magnachip Semiconductor

A number of large investors have recently made changes to their positions in the stock. Canandaigua National Bank & Trust Co. purchased a new position in Magnachip Semiconductor during the fourth quarter valued at approximately $70,000. 272 Capital LP boosted its holdings in Magnachip Semiconductor by 141.6% in the 3rd quarter. 272 Capital LP now owns 91,740 shares of the semiconductor company’s stock valued at $428,000 after purchasing an additional 53,774 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of Magnachip Semiconductor during the 3rd quarter valued at $1,005,000. Orion Portfolio Solutions LLC increased its holdings in shares of Magnachip Semiconductor by 11.0% in the third quarter. Orion Portfolio Solutions LLC now owns 128,554 shares of the semiconductor company’s stock worth $600,000 after purchasing an additional 12,711 shares during the period. Finally, Clearline Capital LP raised its position in shares of Magnachip Semiconductor by 7.0% in the third quarter. Clearline Capital LP now owns 1,800,755 shares of the semiconductor company’s stock worth $8,410,000 after buying an additional 117,079 shares in the last quarter. 74.26% of the stock is owned by institutional investors.

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.