Magnachip Semiconductor Corp. (NYSE:MX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.84 and traded as high as $4.05. Magnachip Semiconductor shares last traded at $4.04, with a volume of 96,831 shares changing hands.
Wall Street Analysts Forecast Growth
MX has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $6.00 price target on shares of Magnachip Semiconductor in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of Magnachip Semiconductor from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.
Read Our Latest Stock Analysis on MX
Magnachip Semiconductor Price Performance
The company has a current ratio of 4.51, a quick ratio of 3.83 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $145.68 million, a P/E ratio of -3.16 and a beta of 0.83. The business's fifty day moving average price is $3.60 and its 200-day moving average price is $3.84.
Institutional Trading of Magnachip Semiconductor
A number of hedge funds have recently made changes to their positions in MX. OneDigital Investment Advisors LLC bought a new stake in Magnachip Semiconductor in the first quarter worth $35,000. Hsbc Holdings PLC bought a new stake in Magnachip Semiconductor in the fourth quarter worth $47,000. Jane Street Group LLC bought a new stake in Magnachip Semiconductor in the first quarter worth $115,000. XTX Topco Ltd bought a new stake in Magnachip Semiconductor in the fourth quarter worth $145,000. Finally, Jump Financial LLC bought a new stake in Magnachip Semiconductor in the fourth quarter worth $152,000. 74.26% of the stock is owned by institutional investors.
About Magnachip Semiconductor
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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.
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