98,700 Shares in Magnachip Semiconductor Corp. (NYSE:MX) Acquired by Tabor Asset Management LP

Tabor Asset Management LP purchased a new position in Magnachip Semiconductor Corp. (NYSE:MX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 98,700 shares of the semiconductor company's stock, valued at approximately $339,000. Tabor Asset Management LP owned 0.27% 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. OneDigital Investment Advisors LLC purchased a new position in Magnachip Semiconductor during the 1st quarter valued at about $35,000. Hsbc Holdings PLC purchased a new position in Magnachip Semiconductor during the 4th quarter valued at about $47,000. XTX Topco Ltd purchased a new position in Magnachip Semiconductor during the 4th quarter valued at about $145,000. Jump Financial LLC purchased a new position in Magnachip Semiconductor during the 4th quarter valued at about $152,000. Finally, D. E. Shaw & Co. Inc. increased its position in Magnachip Semiconductor by 192.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 44,105 shares of the semiconductor company's stock valued at $177,000 after purchasing an additional 29,023 shares during the period. Hedge funds and other institutional investors own 74.26% of the company's stock.

Magnachip Semiconductor Stock Down 1.0%

Shares of Magnachip Semiconductor stock traded down $0.04 on Friday, reaching $4.07. The stock had a trading volume of 60,764 shares, compared to its average volume of 235,937. The company has a 50 day moving average price of $3.94 and a 200 day moving average price of $3.85. The company has a quick ratio of 3.83, a current ratio of 4.51 and a debt-to-equity ratio of 0.10. Magnachip Semiconductor Corp. has a 1 year low of $2.51 and a 1 year high of $5.97. The stock has a market capitalization of $146.76 million, a P/E ratio of -3.18 and a beta of 0.86.

Wall Street Analyst Weigh In

A number of research analysts have commented on MX shares. Wall Street Zen raised shares of Magnachip Semiconductor from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Magnachip Semiconductor in a research report on Tuesday, May 13th.

Magnachip Semiconductor 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.