Magnachip Semiconductor Co. (NYSE:MX) Stake Boosted by Empowered Funds LLC

Empowered Funds LLC boosted its position in shares of Magnachip Semiconductor Co. (NYSE:MX) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,297 shares of the semiconductor company’s stock after purchasing an additional 5,588 shares during the period. Empowered Funds LLC owned 0.30% of Magnachip Semiconductor worth $451,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Magnachip Semiconductor in the fourth quarter valued at approximately $32,000. Canandaigua National Bank & Trust Co. bought a new position in shares of Magnachip Semiconductor during the 4th quarter valued at $70,000. 272 Capital LP lifted its stake in shares of Magnachip Semiconductor by 141.6% in the 3rd quarter. 272 Capital LP now owns 91,740 shares of the semiconductor company’s stock valued at $428,000 after purchasing an additional 53,774 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in Magnachip Semiconductor in the third quarter worth $1,005,000. Finally, Orion Portfolio Solutions LLC increased its position in 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 buying an additional 12,711 shares during the last quarter. Institutional investors and hedge funds own 74.26% of the company’s stock.

Magnachip Semiconductor Price Performance

Shares of NYSE:MX opened at $4.75 on Thursday. The business’s 50 day moving average is $4.17 and its 200-day moving average is $4.39. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $176.51 million, a PE ratio of -4.09 and a beta of 0.66. Magnachip Semiconductor Co. has a 1-year low of $3.56 and a 1-year high of $6.86.

Wall Street Analysts Forecast Growth

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

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.