Royce & Associates LP bought a new stake in MagnaChip Semiconductor Corporation (NYSE:MX) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 282,000 shares of the semiconductor company’s stock, valued at approximately $3,201,000. Royce & Associates LP owned approximately 0.83% of MagnaChip Semiconductor as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Evermore Global Advisors LLC grew its position in shares of MagnaChip Semiconductor by 34.1% during the 3rd quarter. Evermore Global Advisors LLC now owns 3,125,620 shares of the semiconductor company’s stock valued at $35,476,000 after buying an additional 794,415 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of MagnaChip Semiconductor during the 2nd quarter valued at about $7,774,000. Hood River Capital Management LLC grew its position in shares of MagnaChip Semiconductor by 19.7% during the 3rd quarter. Hood River Capital Management LLC now owns 1,880,187 shares of the semiconductor company’s stock valued at $21,340,000 after buying an additional 309,637 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of MagnaChip Semiconductor during the 3rd quarter valued at about $2,723,000. Finally, GSA Capital Partners LLP grew its position in shares of MagnaChip Semiconductor by 153.0% during the 2nd quarter. GSA Capital Partners LLP now owns 216,300 shares of the semiconductor company’s stock valued at $2,120,000 after buying an additional 130,800 shares during the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.

Several research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of MagnaChip Semiconductor in a research report on Friday, September 8th. BidaskClub upgraded shares of MagnaChip Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of MagnaChip Semiconductor from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, November 7th. TheStreet cut shares of MagnaChip Semiconductor from a “c-” rating to a “d” rating in a research report on Thursday, November 2nd. Finally, ValuEngine cut shares of MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. MagnaChip Semiconductor presently has a consensus rating of “Hold” and an average price target of $12.67.

Shares of MagnaChip Semiconductor Corporation (MX) opened at $10.40 on Wednesday. MagnaChip Semiconductor Corporation has a one year low of $6.05 and a one year high of $13.40. The company has a current ratio of 2.42, a quick ratio of 1.96 and a debt-to-equity ratio of -4.96.

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MagnaChip Semiconductor 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.

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

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