Magnachip Semiconductor Co. (NYSE:MX) Shares Bought by Millennium Management LLC

Millennium Management LLC boosted its position in Magnachip Semiconductor Co. (NYSE:MX - Free Report) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,984 shares of the semiconductor company's stock after buying an additional 100,464 shares during the quarter. Millennium Management LLC owned 1.59% of Magnachip Semiconductor worth $2,372,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MX. American Century Companies Inc. increased its position in shares of Magnachip Semiconductor by 4.8% in the 4th quarter. American Century Companies Inc. now owns 68,851 shares of the semiconductor company's stock worth $277,000 after purchasing an additional 3,138 shares during the last quarter. Empowered Funds LLC increased its position in shares of Magnachip Semiconductor by 5.2% in the 4th quarter. Empowered Funds LLC now owns 112,297 shares of the semiconductor company's stock worth $451,000 after purchasing an additional 5,588 shares during the last quarter. Kennedy Capital Management LLC increased its position in shares of Magnachip Semiconductor by 1.9% in the 4th quarter. Kennedy Capital Management LLC now owns 383,989 shares of the semiconductor company's stock worth $1,544,000 after purchasing an additional 7,091 shares during the last quarter. R Squared Ltd bought a new stake in shares of Magnachip Semiconductor in the 4th quarter worth about $32,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Magnachip Semiconductor in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 74.26% of the company's stock.

Magnachip Semiconductor Stock Performance

Shares of NYSE:MX traded down $0.10 during trading on Thursday, reaching $3.71. 166,133 shares of the company's stock traded hands, compared to its average volume of 242,188. 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 12 month low of $2.51 and a 12 month high of $5.98. The company has a 50 day moving average of $3.30 and a 200-day moving average of $3.86. The stock has a market capitalization of $133.80 million, a P/E ratio of -3.20 and a beta of 0.77.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Magnachip Semiconductor from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $6.00 price objective on shares of Magnachip Semiconductor in a research report on Tuesday, May 13th.

About Magnachip Semiconductor

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.