MagnaChip Semiconductor Corporation (NYSE:MX) Shares Bought by Luzich Partners LLC

Luzich Partners LLC raised its stake in MagnaChip Semiconductor Corporation (NYSE:MX) by 19.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750,092 shares of the semiconductor company’s stock after purchasing an additional 120,436 shares during the quarter. MagnaChip Semiconductor comprises about 7.2% of Luzich Partners LLC’s investment portfolio, making the stock its 9th biggest position. Luzich Partners LLC owned 2.20% of MagnaChip Semiconductor worth $8,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in MX. Evermore Global Advisors LLC grew its stake in shares of MagnaChip Semiconductor by 34.1% during the third quarter. Evermore Global Advisors LLC now owns 3,125,620 shares of the semiconductor company’s stock valued at $35,476,000 after acquiring an additional 794,415 shares in the last quarter. Oaktree Capital Management LP grew its stake in shares of MagnaChip Semiconductor by 44.9% during the third quarter. Oaktree Capital Management LP now owns 2,340,000 shares of the semiconductor company’s stock valued at $26,559,000 after acquiring an additional 725,000 shares in the last quarter. Rubric Capital Management LP grew its stake in shares of MagnaChip Semiconductor by 16.9% during the third quarter. Rubric Capital Management LP now owns 2,250,500 shares of the semiconductor company’s stock valued at $25,543,000 after acquiring an additional 325,500 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of MagnaChip Semiconductor by 19.7% during the third quarter. Hood River Capital Management LLC now owns 1,880,187 shares of the semiconductor company’s stock valued at $21,340,000 after acquiring an additional 309,637 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of MagnaChip Semiconductor during the second quarter valued at about $7,774,000. 89.45% of the stock is currently owned by institutional investors.

MX has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of MagnaChip Semiconductor in a research note on Friday, September 8th. Zacks Investment Research downgraded MagnaChip Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine downgraded MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, TheStreet downgraded MagnaChip Semiconductor from a “c-” rating to a “d” rating in a research note on Thursday, November 2nd. 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 company. The stock has an average rating of “Hold” and a consensus price target of $12.67.

MagnaChip Semiconductor Corporation (NYSE MX) traded down $0.05 during trading hours on Friday, reaching $9.95. The company had a trading volume of 229,100 shares, compared to its average volume of 379,940. The firm has a market capitalization of $341.38, a P/E ratio of -21.63 and a beta of -0.32. MagnaChip Semiconductor Corporation has a fifty-two week low of $6.05 and a fifty-two week high of $13.40. The company has a quick ratio of 1.96, a current ratio of 2.42 and a debt-to-equity ratio of -4.96.

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MagnaChip Semiconductor Company 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 (NYSE:MX)

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