60,325 Shares in Magnachip Semiconductor Co. (NYSE:MX) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Magnachip Semiconductor Co. (NYSE:MX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 60,325 shares of the semiconductor company’s stock, valued at approximately $243,000. Virtu Financial LLC owned 0.16% of Magnachip Semiconductor at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas purchased a new position in shares of Magnachip Semiconductor during the 3rd quarter valued at $1,005,000. Empowered Funds LLC boosted its position in shares of Magnachip Semiconductor by 5.2% during the 4th quarter. Empowered Funds LLC now owns 112,297 shares of the semiconductor company’s stock valued at $451,000 after acquiring an additional 5,588 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Magnachip Semiconductor by 91.0% in the 3rd 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 in the last quarter. Clearline Capital LP grew its position in Magnachip Semiconductor by 7.0% in the third 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. Finally, BNP Paribas Financial Markets raised its position in Magnachip Semiconductor by 5.1% during the third 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 in the last quarter. Institutional investors own 74.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Magnachip Semiconductor Price Performance

Shares of Magnachip Semiconductor stock opened at $3.63 on Friday. The business has a 50 day moving average of $4.27 and a 200 day moving average of $4.27. Magnachip Semiconductor Co. has a 52 week low of $3.56 and a 52 week high of $5.98. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10. The company has a market cap of $133.70 million, a PE ratio of -3.13 and a beta of 0.59.

Magnachip Semiconductor Company 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.