Royce & Associates LP Acquires New Position in MagnaChip Semiconductor Corporation (NYSE:MX)

Royce & Associates LP bought a new stake in shares of MagnaChip Semiconductor Corporation (NYSE:MX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 282,000 shares of the semiconductor company’s stock, valued at approximately $3,201,000. Royce & Associates LP owned 0.83% of MagnaChip Semiconductor at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MX. Northern Trust Corp acquired a new stake in shares of MagnaChip Semiconductor during the 2nd quarter worth about $111,000. Goldman Sachs Group Inc. acquired a new stake in shares of MagnaChip Semiconductor during the 2nd quarter worth about $148,000. Citadel Advisors LLC increased its position in MagnaChip Semiconductor by 66.9% during the third quarter. Citadel Advisors LLC now owns 15,465 shares of the semiconductor company’s stock worth $176,000 after buying an additional 6,197 shares during the period. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in MagnaChip Semiconductor during the third quarter worth approximately $193,000. Finally, State Street Corp increased its position in MagnaChip Semiconductor by 1.5% during the second quarter. State Street Corp now owns 40,222 shares of the semiconductor company’s stock worth $394,000 after buying an additional 606 shares during the period. Institutional investors own 89.45% of the company’s stock.

MagnaChip Semiconductor Corporation (MX) traded up $0.20 during trading on Thursday, reaching $11.05. The company had a trading volume of 215,955 shares, compared to its average volume of 209,282. The firm has a market capitalization of $440.94, a price-to-earnings ratio of -21.25 and a beta of -0.29. MagnaChip Semiconductor Corporation has a 52-week low of $6.55 and a 52-week high of $13.40. The company has a debt-to-equity ratio of -4.96, a current ratio of 2.42 and a quick ratio of 1.96.

MX has been the topic of several analyst reports. ValuEngine downgraded MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded MagnaChip Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. TheStreet downgraded MagnaChip Semiconductor from a “c-” rating to a “d” rating in a research report on Thursday, November 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of MagnaChip Semiconductor in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.67.

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MagnaChip Semiconductor Company Profile

MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.

Institutional Ownership by Quarter for MagnaChip Semiconductor (NYSE:MX)

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