Point72 Asia Singapore Pte. Ltd. Acquires Shares of 6,299 Magnachip Semiconductor Co. (NYSE:MX)

Point72 Asia Singapore Pte. Ltd. bought a new position in Magnachip Semiconductor Co. (NYSE:MX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,299 shares of the semiconductor company’s stock, valued at approximately $29,000.

Other large investors have also recently made changes to their positions in the company. Clearline Capital LP grew its position in Magnachip Semiconductor by 37.5% in the 2nd quarter. Clearline Capital LP now owns 1,683,676 shares of the semiconductor company’s stock valued at $8,200,000 after acquiring an additional 459,365 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Magnachip Semiconductor by 2.8% during the first quarter. Vanguard Group Inc. now owns 1,049,496 shares of the semiconductor company’s stock valued at $5,856,000 after purchasing an additional 28,860 shares during the period. Millennium Management LLC grew its holdings in shares of Magnachip Semiconductor by 9.7% in the second 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. BNP Paribas Financial Markets increased its stake in Magnachip Semiconductor by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 271,251 shares of the semiconductor company’s stock worth $1,267,000 after buying an additional 13,252 shares during the period. Finally, Bank of Montreal Can bought a new stake in Magnachip Semiconductor during the 2nd quarter valued at about $518,000. 74.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MX shares. Barclays upgraded shares of Magnachip Semiconductor to a “hold” rating in a research note on Tuesday, September 10th. StockNews.com cut Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st.

Magnachip Semiconductor Stock Down 3.5 %

NYSE:MX opened at $4.11 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.81 and a quick ratio of 4.09. Magnachip Semiconductor Co. has a 1-year low of $3.56 and a 1-year high of $8.16. The company has a 50-day moving average of $4.34 and a 200 day moving average of $4.70. The firm has a market cap of $152.89 million, a PE ratio of -3.54 and a beta of 0.64.

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.