Magnachip Semiconductor Co. (NYSE:MX) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Magnachip Semiconductor Co. (NYSE:MX) by 61.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,552 shares of the semiconductor company’s stock after buying an additional 63,175 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.45% of Magnachip Semiconductor worth $666,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Magnachip Semiconductor during the third quarter worth approximately $29,000. R Squared Ltd acquired a new position in Magnachip Semiconductor during the 4th quarter worth $32,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of Magnachip Semiconductor in the 4th quarter worth about $70,000. 272 Capital LP raised 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 in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Magnachip Semiconductor by 5.2% during the fourth quarter. Empowered Funds LLC now owns 112,297 shares of the semiconductor company’s stock worth $451,000 after purchasing an additional 5,588 shares during the last quarter. Institutional investors and hedge funds own 74.26% of the company’s stock.

Magnachip Semiconductor Price Performance

MX opened at $3.45 on Tuesday. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $4.25 and its 200 day moving average price is $4.26. Magnachip Semiconductor Co. has a fifty-two week low of $3.33 and a fifty-two week high of $5.98. The firm has a market cap of $127.06 million, a price-to-earnings ratio of -2.97 and a beta of 0.59.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MX shares. Needham & Company LLC reissued a “buy” rating and issued a $6.00 price objective on shares of Magnachip Semiconductor in a report on Thursday, March 13th. StockNews.com raised Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th.

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.