BNP Paribas Financial Markets Buys 13,252 Shares of Magnachip Semiconductor Co. (NYSE:MX)

BNP Paribas Financial Markets lifted its position in Magnachip Semiconductor Co. (NYSE:MX) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,251 shares of the semiconductor company’s stock after buying an additional 13,252 shares during the period. BNP Paribas Financial Markets owned about 0.73% of Magnachip Semiconductor worth $1,267,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Clearline Capital LP lifted its position in Magnachip Semiconductor by 37.5% during the second quarter. Clearline Capital LP now owns 1,683,676 shares of the semiconductor company’s stock worth $8,200,000 after acquiring an additional 459,365 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Magnachip Semiconductor by 2.8% in the first quarter. Vanguard Group Inc. now owns 1,049,496 shares of the semiconductor company’s stock valued at $5,856,000 after buying an additional 28,860 shares during the period. Millennium Management LLC increased its position in Magnachip Semiconductor by 9.7% in the 2nd quarter. Millennium Management LLC now owns 562,094 shares of the semiconductor company’s stock valued at $2,737,000 after acquiring an additional 49,670 shares during the period. Bank of Montreal Can acquired a new stake in Magnachip Semiconductor in the second quarter valued at $518,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Magnachip Semiconductor by 91.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 102,377 shares of the semiconductor company’s stock valued at $478,000 after buying an additional 48,767 shares during the period. Institutional investors and hedge funds own 74.26% of the company’s stock.

Magnachip Semiconductor Stock Performance

Magnachip Semiconductor stock opened at $4.16 on Tuesday. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10. Magnachip Semiconductor Co. has a 1-year low of $3.56 and a 1-year high of $8.16. The firm has a market cap of $154.75 million, a P/E ratio of -3.59 and a beta of 0.64. The firm has a 50-day moving average of $4.33 and a 200-day moving average of $4.69.

Analyst Upgrades and Downgrades

MX has been the topic of a number of research analyst reports. Barclays raised shares of Magnachip Semiconductor to a “hold” rating in a research report on Tuesday, September 10th. StockNews.com lowered shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st.

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.