4 hours Ago By Defense World Staff
Renaissance Technologies LLC raised its holdings in Magnachip Semiconductor Co. (NYSE:MX – Free Report) by 23.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 237,900 shares of the semiconductor company’s stock after buying an additional 44,546 shares during the quarter. Renaissance Technologies LLC owned approximately 0.64% of Magnachip Semiconductor worth $956,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new position in shares of Magnachip Semiconductor in the 3rd quarter valued at about $1,005,000. Charles Schwab Investment Management Inc.
lifted its position in Magnachip Semiconductor by 61.7% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 165,552 shares of the semiconductor company’s stock worth $666,000 after acquiring an additional 63,175 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Magnachip Semiconductor by 39.
7% during the 4th quarter. JPMorgan Chase & Co. now owns 123,237 shares of the semiconductor company’s stock worth $495,000 after acquiring an additional 35,008 shares in the last quarter.
Empowered Funds LLC lifted its position in Magnachip Semiconductor by 5.2% during the 4th quarter. Empowered Funds LLC now owns 112,297 shares of the semiconductor company’s stock worth $451,000 after acquiring an additional 5,588 shares in the last quarter.
Finally, 272 Capital LP lifted its position in Magnachip Semiconductor by 141.6% during the 3rd quarter. 272 Capital LP now owns 91,740 shares of the semiconductor company’s stock worth $428,000 after acquiring an additional 53,774 shares in the last quarter.
Hedge funds and other institutional investors own 74.26% of the company’s stock. Magnachip Semiconductor Price PerformanceMX stock opened at $3.
14 on Thursday. 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 52-week low of $2.51 and a 52-week high of $5.98.
The stock’s 50 day moving average is $3.57 and its two-hundred day moving average is $3.99.
The company has a market capitalization of $115.81 million, a PE ratio of -2.71 and a beta of 0.
74. Wall Street Analysts Forecast GrowthMX has been the topic of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $6.
00 price target on shares of Magnachip Semiconductor in a research report on Thursday, March 13th. StockNews.com raised Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th.
View Our Latest Research Report on Magnachip SemiconductorMagnachip Semiconductor Profile (Free Report)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.Recommended StoriesFive stocks we like better than Magnachip SemiconductorWhat is the Hang Seng index? Why D-Wave’s Project With Davidson Is a Game-Changer For QuantumCompound Interest and Why It Matters When InvestingHims & Hers Stock Soars on Novo Nordisk Collaboration3 Grocery Stocks That Can Help Take a Bite Out of Inflation Amazon’s Earnings Will Make or Break the Stock’s Comeback.
