StockNews.com Upgrades Magnachip Semiconductor (NYSE:MX) to “Hold”

StockNews.com upgraded shares of Magnachip Semiconductor (NYSE:MX) from a sell rating to a hold rating in a research note released on Thursday morning.

Magnachip Semiconductor Price Performance

Shares of MX stock opened at $4.02 on Thursday. The firm has a fifty day moving average of $4.01 and a two-hundred day moving average of $4.54. The firm has a market cap of $149.56 million, a P/E ratio of -3.47 and a beta of 0.64. Magnachip Semiconductor has a 1-year low of $3.56 and a 1-year high of $7.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.81 and a quick ratio of 4.09.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Algert Global LLC raised its position in shares of Magnachip Semiconductor by 15.0% during the 2nd quarter. Algert Global LLC now owns 18,944 shares of the semiconductor company’s stock valued at $92,000 after acquiring an additional 2,470 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Magnachip Semiconductor during the third quarter worth $29,000. American Century Companies Inc. lifted its position in shares of Magnachip Semiconductor by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 57,173 shares of the semiconductor company’s stock worth $278,000 after buying an additional 6,777 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Magnachip Semiconductor by 11.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 128,554 shares of the semiconductor company’s stock valued at $600,000 after buying an additional 12,711 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Magnachip Semiconductor by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,251 shares of the semiconductor company’s stock valued at $1,267,000 after buying an additional 13,252 shares during the last quarter. Institutional investors own 74.26% of the company’s stock.

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.