Investors Research Corp Sells 3,800 Shares of Magnachip Semiconductor Co. (NYSE:MX)

Investors Research Corp trimmed its stake in shares of Magnachip Semiconductor Co. (NYSE:MX) by 20.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,800 shares of the semiconductor company’s stock after selling 3,800 shares during the quarter. Investors Research Corp’s holdings in Magnachip Semiconductor were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MX. Point72 Asia Singapore Pte. Ltd. bought a new position in Magnachip Semiconductor during the 3rd quarter worth approximately $29,000. R Squared Ltd bought a new stake in shares of Magnachip Semiconductor in the 4th quarter worth approximately $32,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of Magnachip Semiconductor in the 4th quarter worth approximately $70,000. 272 Capital LP grew its position 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 worth $428,000 after buying an additional 53,774 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Magnachip Semiconductor by 5.2% in the 4th quarter. Empowered Funds LLC now owns 112,297 shares of the semiconductor company’s stock worth $451,000 after buying an additional 5,588 shares during the last quarter. 74.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Magnachip Semiconductor Price Performance

Shares of MX stock opened at $4.03 on Tuesday. The firm has a market cap of $150.00 million, a P/E ratio of -3.48 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.09 and a current ratio of 4.81. The business’s 50 day moving average price is $4.32 and its 200-day moving average price is $4.35. Magnachip Semiconductor Co. has a fifty-two week low of $3.56 and a fifty-two week high of $6.00.

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.