Magnachip Semiconductor Corp. (NYSE:MX - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.85 and traded as high as $3.92. Magnachip Semiconductor shares last traded at $3.86, with a volume of 151,354 shares trading hands.
Analysts Set New Price Targets
MX has been the topic of several recent analyst reports. Wall Street Zen cut shares of Magnachip Semiconductor from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Needham & Company LLC restated a "buy" rating and set a $6.00 target price on shares of Magnachip Semiconductor in a report on Tuesday, May 13th.
Read Our Latest Research Report on MX
Magnachip Semiconductor Stock Up 0.1%
The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.83 and a current ratio of 4.51. The stock's 50-day moving average price is $3.48 and its two-hundred day moving average price is $3.85. The stock has a market capitalization of $139.01 million, a PE ratio of -3.01 and a beta of 0.83.
Hedge Funds Weigh In On Magnachip Semiconductor
Institutional investors and hedge funds have recently made changes to their positions in the business. OneDigital Investment Advisors LLC purchased a new stake in shares of Magnachip Semiconductor in the 1st quarter worth approximately $35,000. Hsbc Holdings PLC purchased a new position in Magnachip Semiconductor during the fourth quarter valued at $47,000. Jane Street Group LLC bought a new stake in Magnachip Semiconductor in the first quarter worth $115,000. XTX Topco Ltd purchased a new stake in shares of Magnachip Semiconductor in the fourth quarter worth $145,000. Finally, Jump Financial LLC purchased a new stake in shares of Magnachip Semiconductor in the fourth quarter worth $152,000. Institutional investors own 74.26% of the company's stock.
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.
Further Reading
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