Charles Schwab Investment Management Inc. Purchases 48,767 Shares of Magnachip Semiconductor Co. (NYSE:MX)

Charles Schwab Investment Management Inc. boosted its position in Magnachip Semiconductor Co. (NYSE:MX) by 91.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,377 shares of the semiconductor company’s stock after acquiring an additional 48,767 shares during the period. Charles Schwab Investment Management Inc. owned 0.27% of Magnachip Semiconductor worth $478,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in shares of Magnachip Semiconductor during the second quarter valued at approximately $518,000. Clearline Capital LP boosted its holdings in Magnachip Semiconductor by 37.5% in the second quarter. Clearline Capital LP now owns 1,683,676 shares of the semiconductor company’s stock valued at $8,200,000 after acquiring an additional 459,365 shares in the last quarter. American Century Companies Inc. increased its position in Magnachip Semiconductor by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 57,173 shares of the semiconductor company’s stock valued at $278,000 after purchasing an additional 6,777 shares during the period. Algert Global LLC raised its holdings in Magnachip Semiconductor by 15.0% in the 2nd quarter. Algert Global LLC now owns 18,944 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 2,470 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Magnachip Semiconductor by 9.7% in the second quarter. Millennium Management LLC now owns 562,094 shares of the semiconductor company’s stock worth $2,737,000 after buying an additional 49,670 shares in the last quarter. Institutional investors own 74.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays upgraded shares of Magnachip Semiconductor to a “hold” rating in a report on Tuesday, September 10th. StockNews.com cut shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a report on Thursday, October 31st.

Magnachip Semiconductor Price Performance

MX opened at $3.77 on Friday. The company’s 50-day simple moving average is $4.21 and its two-hundred day simple moving average is $4.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.09 and a current ratio of 4.81. The stock has a market capitalization of $140.24 million, a P/E ratio of -3.25 and a beta of 0.64. Magnachip Semiconductor Co. has a 52-week low of $3.56 and a 52-week high of $8.16.

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.