Dimensional Fund Advisors LP Sells 245,169 Shares of Magnachip Semiconductor Co. (NYSE:MX)

Dimensional Fund Advisors LP trimmed its stake in Magnachip Semiconductor Co. (NYSE:MX) by 16.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,233,199 shares of the semiconductor company’s stock after selling 245,169 shares during the period. Dimensional Fund Advisors LP owned about 3.22% of Magnachip Semiconductor worth $6,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MX. Grizzlyrock Capital LLC acquired a new stake in shares of Magnachip Semiconductor in the 4th quarter worth about $2,462,000. Quadrature Capital Ltd bought a new stake in shares of Magnachip Semiconductor in the fourth quarter valued at $167,000. Allspring Global Investments Holdings LLC lifted its position in shares of Magnachip Semiconductor by 177.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,686 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 2,994 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Magnachip Semiconductor by 28.8% during the 1st quarter. Quantbot Technologies LP now owns 43,326 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 9,686 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Magnachip Semiconductor by 8.1% during the 1st quarter. Empowered Funds LLC now owns 190,573 shares of the semiconductor company’s stock worth $1,063,000 after acquiring an additional 14,350 shares during the period. Institutional investors and hedge funds own 74.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MX shares. StockNews.com raised shares of Magnachip Semiconductor from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Barclays raised shares of Magnachip Semiconductor to a “hold” rating in a report on Tuesday, September 10th. Finally, Needham & Company LLC reduced their price target on Magnachip Semiconductor from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 1st.

Magnachip Semiconductor Price Performance

MX stock opened at $4.78 on Wednesday. The firm has a 50 day moving average of $4.80 and a 200-day moving average of $4.95. The firm has a market capitalization of $182.92 million, a P/E ratio of -6.13 and a beta of 0.64. Magnachip Semiconductor Co. has a 12 month low of $4.25 and a 12 month high of $8.25. The company has a current ratio of 5.03, a quick ratio of 4.34 and a debt-to-equity ratio of 0.09.

Magnachip Semiconductor (NYSE:MX) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.13. Magnachip Semiconductor had a negative net margin of 18.49% and a negative return on equity of 10.29%. The firm had revenue of $53.17 million during the quarter, compared to analyst estimates of $51.45 million. As a group, sell-side analysts predict that Magnachip Semiconductor Co. will post -1.13 earnings per share for the current fiscal year.

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.