Magnachip Semiconductor Co. (NYSE:MX) Stock Holdings Increased by 272 Capital LP

272 Capital LP lifted its holdings in Magnachip Semiconductor Co. (NYSE:MX) by 141.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,740 shares of the semiconductor company’s stock after purchasing an additional 53,774 shares during the quarter. 272 Capital LP’s holdings in Magnachip Semiconductor were worth $428,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of MX. Vanguard Group Inc. increased its stake in Magnachip Semiconductor by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 1,049,496 shares of the semiconductor company’s stock valued at $5,856,000 after buying an additional 28,860 shares during the period. American Century Companies Inc. boosted its holdings in shares of Magnachip Semiconductor by 13.4% in 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. Bank of Montreal Can acquired a new position in shares of Magnachip Semiconductor during the second quarter valued at approximately $518,000. Millennium Management LLC increased its stake in shares of Magnachip Semiconductor by 9.7% during the second quarter. Millennium Management LLC now owns 562,094 shares of the semiconductor company’s stock valued at $2,737,000 after acquiring an additional 49,670 shares during the period. Finally, Clearline Capital LP raised its holdings in Magnachip Semiconductor by 37.5% during the second quarter. Clearline Capital LP now owns 1,683,676 shares of the semiconductor company’s stock worth $8,200,000 after purchasing an additional 459,365 shares in the last quarter. 74.26% of the stock is currently owned by institutional investors.

Magnachip Semiconductor Stock Performance

Magnachip Semiconductor stock opened at $4.02 on Friday. Magnachip Semiconductor Co. has a 1 year low of $3.56 and a 1 year high of $8.16. The firm’s 50 day moving average price is $4.30 and its two-hundred day moving average price is $4.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.09 and a current ratio of 4.81.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MX. StockNews.com cut Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Barclays raised Magnachip Semiconductor to a “hold” rating in a report on Tuesday, September 10th.

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.