J.W. Cole Advisors Inc. Buys Shares of 14,050 Magnachip Semiconductor Co. (NYSE:MX)

J.W. Cole Advisors Inc. bought a new position in shares of Magnachip Semiconductor Co. (NYSE:MX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,050 shares of the semiconductor company’s stock, valued at approximately $105,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Magnachip Semiconductor by 36.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,248 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 3,024 shares during the period. Polunin Capital Partners Ltd increased its position in shares of Magnachip Semiconductor by 72.4% during the fourth quarter. Polunin Capital Partners Ltd now owns 375,495 shares of the semiconductor company’s stock worth $2,816,000 after buying an additional 157,683 shares during the period. Altfest L J & Co. Inc. bought a new position in Magnachip Semiconductor during the fourth quarter worth $165,000. Kennedy Capital Management LLC raised its position in shares of Magnachip Semiconductor by 3.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 382,675 shares of the semiconductor company’s stock worth $3,180,000 after acquiring an additional 13,920 shares in the last quarter. Finally, B. Riley Asset Management LLC lifted its stake in shares of Magnachip Semiconductor by 29.6% in the 3rd quarter. B. Riley Asset Management LLC now owns 816,094 shares of the semiconductor company’s stock valued at $6,782,000 after purchasing an additional 186,200 shares during the period. 74.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of Magnachip Semiconductor from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. StockNews.com raised Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th.

Magnachip Semiconductor Price Performance

Shares of NYSE MX opened at $5.01 on Friday. Magnachip Semiconductor Co. has a 1 year low of $4.70 and a 1 year high of $11.68. The stock has a market capitalization of $191.49 million, a P/E ratio of -5.75 and a beta of 0.78. The company has a 50-day moving average price of $5.56 and a 200-day moving average price of $6.57.

Magnachip Semiconductor (NYSE:MX) last announced its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.08. Magnachip Semiconductor had a negative return on equity of 7.85% and a negative net margin of 15.92%. The business had revenue of $50.82 million during the quarter, compared to the consensus estimate of $52.45 million. During the same quarter in the prior year, the company posted ($0.39) earnings per share. As a group, equities research analysts anticipate that Magnachip Semiconductor Co. will post -1.4 earnings per share for the current fiscal year.

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.