Magnachip Semiconductor Co. (NYSE:MX) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its stake in shares of Magnachip Semiconductor Co. (NYSE:MX) by 11.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 128,554 shares of the semiconductor company’s stock after buying an additional 12,711 shares during the period. Orion Portfolio Solutions LLC’s holdings in Magnachip Semiconductor were worth $600,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MX. Clearline Capital LP grew its stake in shares of Magnachip Semiconductor by 37.5% in the 2nd quarter. Clearline Capital LP now owns 1,683,676 shares of the semiconductor company’s stock worth $8,200,000 after purchasing an additional 459,365 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Magnachip Semiconductor in the 2nd quarter worth approximately $518,000. 272 Capital LP grew its stake in shares of Magnachip Semiconductor by 141.6% in the 3rd quarter. 272 Capital LP now owns 91,740 shares of the semiconductor company’s stock worth $428,000 after purchasing an additional 53,774 shares during the last quarter. Millennium Management LLC grew its stake 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 worth $2,737,000 after purchasing an additional 49,670 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Magnachip Semiconductor by 91.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 102,377 shares of the semiconductor company’s stock worth $478,000 after buying an additional 48,767 shares during the period. Institutional investors and hedge funds own 74.26% of the company’s stock.

Magnachip Semiconductor Stock Performance

Shares of MX opened at $3.98 on Wednesday. Magnachip Semiconductor Co. has a one year low of $3.56 and a one year high of $8.16. The company has a 50-day moving average of $4.25 and a two-hundred day moving average of $4.65. The stock has a market cap of $148.07 million, a price-to-earnings ratio of -3.43 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.81 and a quick ratio of 4.09.

Analysts Set New Price Targets

Several brokerages have commented on MX. StockNews.com cut shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Barclays upgraded shares of Magnachip Semiconductor to a “hold” rating in a report on Tuesday, September 10th.

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.