Clearline Capital LP Boosts Stock Position in Magnachip Semiconductor Co. (NYSE:MX)

Clearline Capital LP boosted its holdings in Magnachip Semiconductor Co. (NYSE:MX - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,900,176 shares of the semiconductor company's stock after acquiring an additional 99,421 shares during the quarter. Clearline Capital LP owned 5.11% of Magnachip Semiconductor worth $7,639,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MX. Ameriprise Financial Inc. grew its holdings in shares of Magnachip Semiconductor by 112.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,458,280 shares of the semiconductor company's stock valued at $5,862,000 after acquiring an additional 772,085 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in Magnachip Semiconductor by 10.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 574,451 shares of the semiconductor company's stock worth $2,309,000 after purchasing an additional 55,588 shares during the last quarter. Kennedy Capital Management LLC increased its position in shares of Magnachip Semiconductor by 1.9% during the 4th quarter. Kennedy Capital Management LLC now owns 383,989 shares of the semiconductor company's stock valued at $1,544,000 after purchasing an additional 7,091 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Magnachip Semiconductor by 14.4% during the 4th quarter. BNP Paribas Financial Markets now owns 310,430 shares of the semiconductor company's stock worth $1,248,000 after purchasing an additional 39,179 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Magnachip Semiconductor by 23.0% during the 4th quarter. Renaissance Technologies LLC now owns 237,900 shares of the semiconductor company's stock worth $956,000 after purchasing an additional 44,546 shares during the period. Institutional investors own 74.26% of the company's stock.

Magnachip Semiconductor Stock Performance

MX traded down $0.06 during trading hours on Tuesday, hitting $3.28. The stock had a trading volume of 490,192 shares, compared to its average volume of 230,959. Magnachip Semiconductor Co. has a 1 year low of $2.51 and a 1 year high of $5.98. The company's fifty day simple moving average is $3.34 and its 200 day simple moving average is $3.89. The stock has a market cap of $118.29 million, a PE ratio of -2.83 and a beta of 0.77. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MX shares. Needham & Company LLC restated a "buy" rating and set a $6.00 price objective on shares of Magnachip Semiconductor in a report on Tuesday. StockNews.com raised shares of Magnachip Semiconductor from a "sell" rating to a "hold" rating in a research report on Thursday, March 13th.

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.