Lepercq De Neuflize Asset Management LLC Invests $3.22 Million in Magnachip Semiconductor Corp. $MX

Lepercq De Neuflize Asset Management LLC bought a new stake in Magnachip Semiconductor Corp. (NYSE:MX) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,027,093 shares of the semiconductor company’s stock, valued at approximately $3,215,000. Magnachip Semiconductor accounts for 1.9% of Lepercq De Neuflize Asset Management LLC’s holdings, making the stock its 4th largest holding. Lepercq De Neuflize Asset Management LLC owned 2.86% of Magnachip Semiconductor at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. First Wilshire Securities Management Inc. bought a new position in Magnachip Semiconductor in the second quarter worth approximately $1,834,000. Marshall Wace LLP lifted its holdings in shares of Magnachip Semiconductor by 70.3% in the 2nd quarter. Marshall Wace LLP now owns 699,525 shares of the semiconductor company’s stock worth $2,784,000 after purchasing an additional 288,664 shares in the last quarter. Immersion Corp lifted its holdings in shares of Magnachip Semiconductor by 8.2% in the 2nd quarter. Immersion Corp now owns 3,213,966 shares of the semiconductor company’s stock worth $12,792,000 after purchasing an additional 243,827 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in Magnachip Semiconductor by 94.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 321,879 shares of the semiconductor company’s stock valued at $1,281,000 after purchasing an additional 156,507 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Magnachip Semiconductor by 78.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 271,381 shares of the semiconductor company’s stock valued at $1,080,000 after purchasing an additional 119,269 shares in the last quarter. 74.26% of the stock is owned by institutional investors and hedge funds.

Magnachip Semiconductor Price Performance

MX opened at $2.43 on Tuesday. Magnachip Semiconductor Corp. has a 1 year low of $2.18 and a 1 year high of $5.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.32 and a quick ratio of 3.50. The company has a market capitalization of $87.25 million, a price-to-earnings ratio of -2.35 and a beta of 1.03. The firm’s fifty day moving average price is $2.84 and its two-hundred day moving average price is $2.88.

Wall Street Analysts Forecast Growth

MX has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Magnachip Semiconductor in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Magnachip Semiconductor presently has a consensus rating of “Hold” and a consensus target price of $5.50.

Magnachip Semiconductor Profile

Magnachip Semiconductor Inc is a fabless semiconductor company specializing in high-performance analog and mixed-signal solutions for the display, power management and lighting markets. Its core product portfolio includes display driver ICs for LCD and OLED panels, high-voltage MOSFETs, DC-DC converters, LED driver ICs and power management devices used in consumer electronics, mobile devices, industrial equipment and automotive applications.

Founded in 2004 as a spin-off from MagnaChip, Magnachip is incorporated in the United States with design and sales offices strategically located across North America, Europe and Asia.