Greenwood Capital Associates LLC Decreases Stake in Magnachip Semiconductor Co. (NYSE:MX)

Greenwood Capital Associates LLC cut its holdings in shares of Magnachip Semiconductor Co. (NYSE:MX) by 7.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 70,839 shares of the semiconductor company’s stock after selling 5,531 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Magnachip Semiconductor were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of MX. Oddo BHF Asset Management Sas bought a new stake in shares of Magnachip Semiconductor in the third quarter worth approximately $1,005,000. Clearline Capital LP boosted its holdings in 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 purchasing an additional 117,079 shares during the last quarter. Bank of Montreal Can bought a new stake in Magnachip Semiconductor in the 2nd quarter worth approximately $518,000. 272 Capital LP raised its stake in Magnachip Semiconductor by 141.6% during the 3rd 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 during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Magnachip Semiconductor by 9.7% during the 2nd quarter. Millennium Management LLC now owns 562,094 shares of the semiconductor company’s stock valued at $2,737,000 after buying an additional 49,670 shares during the period. Hedge funds and other institutional investors own 74.26% of the company’s stock.

Magnachip Semiconductor Stock Performance

Shares of NYSE MX opened at $4.62 on Wednesday. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10. Magnachip Semiconductor Co. has a 12-month low of $3.56 and a 12-month high of $6.93. The firm has a market capitalization of $171.68 million, a price-to-earnings ratio of -3.98 and a beta of 0.66. The firm has a 50 day moving average of $4.10 and a 200 day moving average of $4.43.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, January 17th.

Magnachip Semiconductor 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.