Walleye Capital LLC Grows Position in Magnachip Semiconductor Co. (NYSE:MX)

Walleye Capital LLC raised its holdings in shares of Magnachip Semiconductor Co. (NYSE:MXGet Rating) by 27.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 14,410 shares of the semiconductor company’s stock after acquiring an additional 3,099 shares during the quarter. Walleye Capital LLC’s holdings in Magnachip Semiconductor were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC purchased a new stake in Magnachip Semiconductor in the second quarter valued at approximately $44,000. Citizens Financial Group Inc RI purchased a new position in shares of Magnachip Semiconductor in the 2nd quarter worth about $232,000. FACTORIAL MANAGEMENT Ltd bought a new stake in Magnachip Semiconductor in the 2nd quarter worth about $49,000. Victory Capital Management Inc. bought a new stake in shares of Magnachip Semiconductor during the 2nd quarter valued at about $218,000. Finally, Arizona State Retirement System increased its holdings in Magnachip Semiconductor by 9.5% in the 2nd quarter. Arizona State Retirement System now owns 12,374 shares of the semiconductor company’s stock worth $180,000 after acquiring an additional 1,070 shares in the last quarter. 68.38% of the stock is owned by hedge funds and other institutional investors.

Magnachip Semiconductor Price Performance

MX opened at $9.70 on Friday. The business’s 50-day moving average is $10.28 and its two-hundred day moving average is $13.70. Magnachip Semiconductor Co. has a 1 year low of $8.90 and a 1 year high of $22.28. The firm has a market capitalization of $428.45 million, a PE ratio of 11.15, a price-to-earnings-growth ratio of 2.48 and a beta of 1.08.

Analyst Ratings Changes

Several equities analysts have issued reports on MX shares. Needham & Company LLC cut their target price on Magnachip Semiconductor from $22.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. StockNews.com started coverage on shares of Magnachip Semiconductor in a report on Wednesday, October 12th. They set a “hold” rating for the company.

Magnachip Semiconductor Company Profile

(Get Rating)

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, 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, notebook PCs, monitors and liquid crystal displays, and micro light-emitting diode (LED) televisions.

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

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