Clearline Capital LP Has $8.41 Million Stock Position in Magnachip Semiconductor Co. (NYSE:MX)

Clearline Capital LP lifted its position in shares of Magnachip Semiconductor Co. (NYSE:MX) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,800,755 shares of the semiconductor company’s stock after purchasing an additional 117,079 shares during the quarter. Clearline Capital LP’s holdings in Magnachip Semiconductor were worth $8,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MX. Bank of Montreal Can acquired a new position in shares of Magnachip Semiconductor in the 2nd quarter worth approximately $518,000. 272 Capital LP raised its stake in Magnachip Semiconductor by 141.6% during the third quarter. 272 Capital LP now owns 91,740 shares of the semiconductor company’s stock worth $428,000 after acquiring an additional 53,774 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Magnachip Semiconductor by 9.7% during the second 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. Charles Schwab Investment Management Inc. lifted its holdings in shares of Magnachip Semiconductor by 91.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 102,377 shares of the semiconductor company’s stock valued at $478,000 after acquiring an additional 48,767 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Magnachip Semiconductor by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 1,049,496 shares of the semiconductor company’s stock valued at $5,856,000 after purchasing an additional 28,860 shares in the last quarter. 74.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Magnachip Semiconductor Price Performance

MX opened at $4.32 on Monday. 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 company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $4.72. Magnachip Semiconductor Co. has a one year low of $3.56 and a one year high of $8.16. The stock has a market capitalization of $160.70 million, a P/E ratio of -3.72 and a beta of 0.63.

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.