Shell Asset Management Co. bought a new stake in shares of MagnaChip Semiconductor Corporation (NYSE:MX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 107,775 shares of the semiconductor company’s stock, valued at approximately $1,261,000. Shell Asset Management Co. owned about 0.32% of MagnaChip Semiconductor Corporation as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MX. JPMorgan Chase & Co. lifted its position in MagnaChip Semiconductor Corporation by 157.0% during the first quarter. JPMorgan Chase & Co. now owns 57,058 shares of the semiconductor company’s stock valued at $545,000 after acquiring an additional 34,859 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in MagnaChip Semiconductor Corporation by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 607,785 shares of the semiconductor company’s stock valued at $5,804,000 after acquiring an additional 34,253 shares during the last quarter. Morgan Stanley lifted its position in MagnaChip Semiconductor Corporation by 91.0% during the first quarter. Morgan Stanley now owns 916,194 shares of the semiconductor company’s stock valued at $8,749,000 after acquiring an additional 436,509 shares during the last quarter. Renaissance Technologies LLC lifted its position in MagnaChip Semiconductor Corporation by 80.2% during the first quarter. Renaissance Technologies LLC now owns 411,131 shares of the semiconductor company’s stock valued at $3,926,000 after acquiring an additional 183,000 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in MagnaChip Semiconductor Corporation during the first quarter valued at approximately $127,000. 94.17% of the stock is owned by institutional investors.

MagnaChip Semiconductor Corporation (MX) opened at 10.35 on Tuesday. MagnaChip Semiconductor Corporation has a 12-month low of $5.20 and a 12-month high of $12.75. The firm has a 50 day moving average of $11.02 and a 200-day moving average of $10.21. The stock has a market cap of $352.27 million, a PE ratio of 22.60 and a beta of -0.33.

MagnaChip Semiconductor Corporation (NYSE:MX) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.17. The company had revenue of $166.70 million during the quarter, compared to analyst estimates of $165.00 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts expect that MagnaChip Semiconductor Corporation will post $0.78 earnings per share for the current year.

A number of equities research analysts recently commented on MX shares. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of MagnaChip Semiconductor Corporation in a research report on Friday, August 4th. ValuEngine cut shares of MagnaChip Semiconductor Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub raised shares of MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research cut shares of MagnaChip Semiconductor Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Citigroup Inc. increased their target price on shares of MagnaChip Semiconductor Corporation from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.00.

In related news, Director Camillo Martino bought 10,000 shares of the stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of $10.25 per share, for a total transaction of $102,500.00. Following the acquisition, the director now owns 31,916 shares in the company, valued at approximately $327,139. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marc Lasry sold 4,088,978 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $10.98, for a total transaction of $44,896,978.44. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

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MagnaChip Semiconductor Corporation Profile

MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.

Institutional Ownership by Quarter for MagnaChip Semiconductor Corporation (NYSE:MX)

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