Magnachip Semiconductor Co. (NYSE:MX) Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Magnachip Semiconductor Co. (NYSE:MX) by 61.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,552 shares of the semiconductor company’s stock after acquiring an additional 63,175 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Magnachip Semiconductor were worth $666,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new stake in shares of Magnachip Semiconductor in the third quarter valued at approximately $1,005,000. Empowered Funds LLC grew its holdings in Magnachip Semiconductor by 5.2% in the 4th quarter. Empowered Funds LLC now owns 112,297 shares of the semiconductor company’s stock worth $451,000 after buying an additional 5,588 shares in the last quarter. Clearline Capital LP increased its position in Magnachip Semiconductor by 7.0% in the 3rd quarter. Clearline Capital LP now owns 1,800,755 shares of the semiconductor company’s stock valued at $8,410,000 after acquiring an additional 117,079 shares during the period. BNP Paribas Financial Markets raised its stake in Magnachip Semiconductor by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,251 shares of the semiconductor company’s stock valued at $1,267,000 after acquiring an additional 13,252 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Magnachip Semiconductor during the 4th quarter worth $32,000. 74.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on MX. Needham & Company LLC reissued a “buy” rating and set a $6.00 price target on shares of Magnachip Semiconductor in a report on Thursday, March 13th. StockNews.com upgraded shares of Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th.

Magnachip Semiconductor Stock Down 4.8 %

Shares of MX stock opened at $3.45 on Tuesday. Magnachip Semiconductor Co. has a 1 year low of $3.33 and a 1 year high of $5.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.09 and a current ratio of 4.81. The business’s fifty day moving average is $4.25 and its 200-day moving average is $4.26. The stock has a market cap of $127.06 million, a PE ratio of -2.97 and a beta of 0.59.

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.