Magnachip Semiconductor Corp (MX) Shares Sold by North Run Capital LP

North Run Capital LP cut its holdings in Magnachip Semiconductor Corp (NYSE:MX) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,130,000 shares of the semiconductor company’s stock after selling 106,229 shares during the quarter. Magnachip Semiconductor makes up about 6.9% of North Run Capital LP’s holdings, making the stock its 6th largest holding. North Run Capital LP’s holdings in Magnachip Semiconductor were worth $11,244,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the business. Citadel Advisors LLC boosted its position in Magnachip Semiconductor by 372.6% during the 4th quarter. Citadel Advisors LLC now owns 73,084 shares of the semiconductor company’s stock worth $727,000 after acquiring an additional 57,619 shares during the last quarter. Royce & Associates LP boosted its position in Magnachip Semiconductor by 66.7% during the 4th quarter. Royce & Associates LP now owns 470,000 shares of the semiconductor company’s stock worth $4,677,000 after acquiring an additional 188,000 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Magnachip Semiconductor by 3,798.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,347 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 13,979 shares during the last quarter. BlackRock Inc. boosted its position in Magnachip Semiconductor by 6.6% during the 4th quarter. BlackRock Inc. now owns 777,472 shares of the semiconductor company’s stock worth $7,736,000 after acquiring an additional 47,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Magnachip Semiconductor during the 4th quarter worth approximately $6,180,000. 95.02% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Melvin L. Keating acquired 3,600 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of $9.01 per share, for a total transaction of $32,436.00. Following the purchase, the director now directly owns 24,016 shares in the company, valued at approximately $216,384.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Young-Joon Kim acquired 8,888 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $9.15 per share, for a total transaction of $81,325.20. Following the purchase, the chief executive officer now owns 67,963 shares in the company, valued at $621,861.45. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 20,488 shares of company stock worth $186,321. Company insiders own 3.80% of the company’s stock.

Shares of Magnachip Semiconductor Corp (NYSE:MX) opened at $9.50 on Wednesday. Magnachip Semiconductor Corp has a 12 month low of $7.15 and a 12 month high of $13.40. The stock has a market capitalization of $323.09, a P/E ratio of 4.87 and a beta of -0.04. The company has a debt-to-equity ratio of -4.96, a quick ratio of 1.96 and a current ratio of 2.42.

Magnachip Semiconductor (NYSE:MX) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Magnachip Semiconductor had a negative return on equity of 40.94% and a net margin of 12.50%. The company had revenue of $174.58 million for the quarter, compared to the consensus estimate of $174.00 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. research analysts forecast that Magnachip Semiconductor Corp will post 0.75 earnings per share for the current year.

A number of research firms have weighed in on MX. Zacks Investment Research downgraded Magnachip Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 13th. TheStreet raised Magnachip Semiconductor from a “d” rating to a “c” rating in a research report on Wednesday, February 7th. ValuEngine upgraded Magnachip Semiconductor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Magnachip Semiconductor in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.67.

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About Magnachip Semiconductor

MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.

Want to see what other hedge funds are holding MX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Magnachip Semiconductor Corp (NYSE:MX).

Institutional Ownership by Quarter for Magnachip Semiconductor (NYSE:MX)

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