Canandaigua National Bank & Trust Co. Purchases New Stake in Magnachip Semiconductor Co. (NYSE:MX)

Canandaigua National Bank & Trust Co. acquired a new position in shares of Magnachip Semiconductor Co. (NYSE:MX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,477 shares of the semiconductor company’s stock, valued at approximately $70,000.

Several other hedge funds have also recently bought and sold shares of the company. Clearline Capital LP boosted its position in shares of Magnachip Semiconductor by 7.0% during the 3rd quarter. Clearline Capital LP now owns 1,800,755 shares of the semiconductor company’s stock worth $8,410,000 after acquiring an additional 117,079 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Magnachip Semiconductor by 9.7% in the 2nd quarter. Millennium Management LLC now owns 562,094 shares of the semiconductor company’s stock valued at $2,737,000 after purchasing an additional 49,670 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Magnachip Semiconductor by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 271,251 shares of the semiconductor company’s stock valued at $1,267,000 after purchasing an additional 13,252 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Magnachip Semiconductor during the 3rd quarter worth $1,005,000. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Magnachip Semiconductor by 11.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 128,554 shares of the semiconductor company’s stock worth $600,000 after buying an additional 12,711 shares during the last quarter. 74.26% of the stock is owned by institutional investors.

Magnachip Semiconductor Price Performance

Magnachip Semiconductor stock opened at $4.13 on Wednesday. The stock has a 50-day moving average price of $4.03 and a two-hundred day moving average price of $4.55. Magnachip Semiconductor Co. has a 12 month low of $3.56 and a 12 month high of $7.59. The company has a market capitalization of $153.65 million, a PE ratio of -3.56 and a beta of 0.64. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

MX has been the topic of a number of recent analyst reports. StockNews.com cut Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Barclays raised shares of Magnachip Semiconductor to a “hold” rating in a research note 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.