Magnachip Semiconductor Corp. (NYSE:MX - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.84 and traded as high as $4.09. Magnachip Semiconductor shares last traded at $3.92, with a volume of 207,163 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Needham & Company LLC restated a "buy" rating and set a $6.00 price objective on shares of Magnachip Semiconductor in a report on Tuesday, May 13th. Wall Street Zen downgraded Magnachip Semiconductor from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.
Read Our Latest Stock Analysis on Magnachip Semiconductor
Magnachip Semiconductor Stock Down 1.2%
The firm has a market cap of $145.34 million, a P/E ratio of -3.15 and a beta of 0.86. The company has a quick ratio of 3.83, a current ratio of 4.51 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $3.77 and a 200-day simple moving average of $3.84.
Institutional Investors Weigh In On Magnachip Semiconductor
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MX. Jane Street Group LLC bought a new position in Magnachip Semiconductor in the first quarter worth approximately $115,000. Cubist Systematic Strategies LLC boosted its position in Magnachip Semiconductor by 22.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 60,638 shares of the semiconductor company's stock valued at $208,000 after acquiring an additional 11,298 shares in the last quarter. American Century Companies Inc. boosted its position in Magnachip Semiconductor by 5.8% during the 1st quarter. American Century Companies Inc. now owns 72,861 shares of the semiconductor company's stock valued at $250,000 after acquiring an additional 4,010 shares in the last quarter. GSA Capital Partners LLP boosted its position in Magnachip Semiconductor by 64.6% during the 1st quarter. GSA Capital Partners LLP now owns 184,517 shares of the semiconductor company's stock valued at $633,000 after acquiring an additional 72,439 shares in the last quarter. Finally, Tabor Asset Management LP bought a new stake in Magnachip Semiconductor during the 1st quarter valued at $339,000. 74.26% of the stock is currently owned by hedge funds and other institutional investors.
Magnachip Semiconductor Company Profile
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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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