Jump Financial LLC Takes $152,000 Position in Magnachip Semiconductor Co. (NYSE:MX)

Jump Financial LLC purchased a new position in shares of Magnachip Semiconductor Co. (NYSE:MX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,737 shares of the semiconductor company’s stock, valued at approximately $152,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its stake in Magnachip Semiconductor by 4.8% during the 4th quarter. American Century Companies Inc. now owns 68,851 shares of the semiconductor company’s stock worth $277,000 after acquiring an additional 3,138 shares in the last quarter. Empowered Funds LLC boosted its holdings in Magnachip Semiconductor by 5.2% during the 4th quarter. Empowered Funds LLC now owns 112,297 shares of the semiconductor company’s stock valued at $451,000 after acquiring an additional 5,588 shares during the period. Kennedy Capital Management LLC boosted its holdings in Magnachip Semiconductor by 1.9% during the 4th quarter. Kennedy Capital Management LLC now owns 383,989 shares of the semiconductor company’s stock valued at $1,544,000 after acquiring an additional 7,091 shares during the period. R Squared Ltd purchased a new position in Magnachip Semiconductor during the 4th quarter valued at about $32,000. Finally, Canandaigua National Bank & Trust Co. purchased a new position in Magnachip Semiconductor during the 4th quarter valued at about $70,000. 74.26% of the stock is currently owned by hedge funds and other institutional investors.

Magnachip Semiconductor Stock Performance

Shares of MX opened at $3.20 on Tuesday. The stock has a 50-day simple moving average of $3.64 and a 200-day simple moving average of $4.01. 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 stock has a market capitalization of $118.03 million, a PE ratio of -2.76 and a beta of 0.74. Magnachip Semiconductor Co. has a 1 year low of $2.51 and a 1 year high of $5.98.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MX shares. Needham & Company LLC restated a “buy” rating and set a $6.00 target price on shares of Magnachip Semiconductor in a report on Thursday, March 13th. StockNews.com upgraded Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th.

Magnachip Semiconductor 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.