JPMorgan Chase & Co. Has $412,000 Stake in Magnachip Semiconductor Co. (NYSE:MX)

JPMorgan Chase & Co. reduced its position in shares of Magnachip Semiconductor Co. (NYSE:MX) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,229 shares of the semiconductor company’s stock after selling 9,106 shares during the quarter. JPMorgan Chase & Co. owned 0.24% of Magnachip Semiconductor worth $412,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MX. Clearline Capital LP increased its stake in Magnachip Semiconductor by 7.0% in the 3rd quarter. Clearline Capital LP now owns 1,800,755 shares of the semiconductor company’s stock valued at $8,410,000 after buying an additional 117,079 shares during the period. Millennium Management LLC grew its holdings in shares of Magnachip Semiconductor by 9.7% during 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 in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Magnachip Semiconductor by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 271,251 shares of the semiconductor company’s stock worth $1,267,000 after acquiring an additional 13,252 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Magnachip Semiconductor during the third quarter worth $1,005,000. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Magnachip Semiconductor by 11.0% during the third quarter. Orion Portfolio Solutions LLC now owns 128,554 shares of the semiconductor company’s stock worth $600,000 after acquiring an additional 12,711 shares in the last quarter. Hedge funds and other institutional investors own 74.26% of the company’s stock.

Magnachip Semiconductor Stock Down 0.1 %

Shares of MX stock opened at $4.07 on Thursday. The stock has a market cap of $151.22 million, a P/E ratio of -3.50 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.81 and a quick ratio of 4.09. The stock has a fifty day moving average price of $4.07 and a 200 day moving average price of $4.46. Magnachip Semiconductor Co. has a one year low of $3.56 and a one year high of $6.93.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday, January 17th.

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.