Magnachip Semiconductor (NYSE:MX) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Magnachip Semiconductor (NYSE:MX) from a hold rating to a sell rating in a research note issued to investors on Friday.

Magnachip Semiconductor Trading Up 3.9 %

Shares of Magnachip Semiconductor stock opened at $4.17 on Friday. Magnachip Semiconductor has a 52-week low of $3.56 and a 52-week high of $7.10. The firm has a market capitalization of $154.94 million, a PE ratio of -3.59 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 company’s fifty day moving average price is $4.02 and its two-hundred day moving average price is $4.51.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MX. Bank of Montreal Can acquired a new position in shares of Magnachip Semiconductor in the 2nd quarter worth approximately $518,000. Oddo BHF Asset Management Sas acquired a new position in Magnachip Semiconductor during the third quarter worth $1,005,000. Clearline Capital LP lifted its holdings in shares of Magnachip Semiconductor by 37.5% during the second quarter. Clearline Capital LP now owns 1,683,676 shares of the semiconductor company’s stock valued at $8,200,000 after acquiring an additional 459,365 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Magnachip Semiconductor by 91.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 102,377 shares of the semiconductor company’s stock valued at $478,000 after purchasing an additional 48,767 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings 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 purchasing an additional 6,777 shares during the last quarter. Institutional investors own 74.26% of the company’s stock.

Magnachip Semiconductor Company 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.