MagnaChip Semiconductor Corporation (MX) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of MagnaChip Semiconductor Corporation (NYSE:MX) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $13.00.

A number of brokerages have commented on MX. BidaskClub upgraded MagnaChip Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. ValuEngine lowered MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered MagnaChip Semiconductor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of MagnaChip Semiconductor in a report on Friday, September 8th. Finally, TheStreet lowered MagnaChip Semiconductor from a “c-” rating to a “d” rating in a report on Thursday, November 2nd.

Shares of MagnaChip Semiconductor (NYSE:MX) opened at $9.95 on Friday. MagnaChip Semiconductor has a 1 year low of $6.05 and a 1 year 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.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Luzich Partners LLC increased its position in MagnaChip Semiconductor by 19.1% in the 3rd quarter. Luzich Partners LLC now owns 750,092 shares of the semiconductor company’s stock worth $8,514,000 after buying an additional 120,436 shares during the period. Rubric Capital Management LP increased its position in MagnaChip Semiconductor by 16.9% in the 3rd quarter. Rubric Capital Management LP now owns 2,250,500 shares of the semiconductor company’s stock worth $25,543,000 after buying an additional 325,500 shares during the period. GSA Capital Partners LLP increased its position in MagnaChip Semiconductor by 46.5% in the 3rd quarter. GSA Capital Partners LLP now owns 316,900 shares of the semiconductor company’s stock worth $3,597,000 after buying an additional 100,600 shares during the period. Boothbay Fund Management LLC bought a new position in MagnaChip Semiconductor in the 3rd quarter worth approximately $662,000. Finally, Oaktree Capital Management LP increased its position in MagnaChip Semiconductor by 44.9% in the 3rd quarter. Oaktree Capital Management LP now owns 2,340,000 shares of the semiconductor company’s stock worth $26,559,000 after buying an additional 725,000 shares during the period. 89.45% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “MagnaChip Semiconductor Corporation (MX) Receives Consensus Recommendation of “Hold” from Brokerages” was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/12/22/magnachip-semiconductor-corporation-mx-receives-consensus-recommendation-of-hold-from-brokerages.html.

About MagnaChip Semiconductor

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.

Receive News & Ratings for MagnaChip Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MagnaChip Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit