Kennedy Capital Management LLC Acquires 7,091 Shares of Magnachip Semiconductor Co. (NYSE:MX)

Kennedy Capital Management LLC increased its holdings in shares of Magnachip Semiconductor Co. (NYSE:MX) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 383,989 shares of the semiconductor company’s stock after acquiring an additional 7,091 shares during the quarter. Kennedy Capital Management LLC’s holdings in Magnachip Semiconductor were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MX. American Century Companies Inc. lifted its holdings 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 purchasing an additional 3,138 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Magnachip Semiconductor by 5.2% in the fourth 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. R Squared Ltd acquired a new position in shares of Magnachip Semiconductor in the fourth quarter valued at about $32,000. Orion Portfolio Solutions LLC increased its position in Magnachip Semiconductor by 11.0% during the third quarter. Orion Portfolio Solutions LLC now owns 128,554 shares of the semiconductor company’s stock worth $600,000 after acquiring an additional 12,711 shares during the period. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in Magnachip Semiconductor in the 4th quarter worth about $70,000. Institutional investors and hedge funds own 74.26% of the company’s stock.

Analyst Ratings Changes

MX has been the topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $6.00 target price on shares of Magnachip Semiconductor in a research 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 Price Performance

MX stock opened at $2.84 on Tuesday. The company’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $4.12. The firm has a market cap of $104.75 million, a P/E ratio of -2.45 and a beta of 0.74. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10. Magnachip Semiconductor Co. has a 12 month low of $2.51 and a 12 month high of $5.98.

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.