Magnachip Semiconductor Corp (NYSE:MX) major shareholder Brigade Leveraged Capital Stru sold 25,294 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $12.75, for a total transaction of $322,498.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Brigade Leveraged Capital Stru also recently made the following trade(s):
- On Wednesday, January 24th, Brigade Leveraged Capital Stru sold 149,000 shares of Magnachip Semiconductor stock. The shares were sold at an average price of $12.93, for a total transaction of $1,926,570.00.
Shares of Magnachip Semiconductor Corp (NYSE MX) traded down $0.25 on Tuesday, hitting $12.30. 190,820 shares of the stock traded hands, compared to its average volume of 320,796. Magnachip Semiconductor Corp has a 1-year low of $7.00 and a 1-year high of $13.40. The stock has a market capitalization of $433.56, a P/E ratio of -26.74 and a beta of -0.29. The company has a current ratio of 2.42, a quick ratio of 1.96 and a debt-to-equity ratio of -4.96.
Several equities research analysts have recently weighed in on MX shares. Zacks Investment Research raised shares of Magnachip Semiconductor from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, November 7th. ValuEngine downgraded shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. TheStreet downgraded shares of Magnachip Semiconductor from a “c-” rating to a “d” rating in a research note on Thursday, November 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Magnachip Semiconductor in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.67.
Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Magnachip Semiconductor by 1.5% in the second quarter. State Street Corp now owns 40,222 shares of the semiconductor company’s stock valued at $394,000 after acquiring an additional 606 shares during the period. Silverback Asset Management LLC increased its stake in Magnachip Semiconductor by 1.6% in the 2nd quarter. Silverback Asset Management LLC now owns 313,461 shares of the semiconductor company’s stock worth $3,072,000 after buying an additional 5,000 shares during the period. Columbia Pacific Advisors LLC increased its stake in Magnachip Semiconductor by 12.5% in the 2nd quarter. Columbia Pacific Advisors LLC now owns 45,000 shares of the semiconductor company’s stock worth $441,000 after buying an additional 5,000 shares during the period. Citadel Advisors LLC increased its stake in Magnachip Semiconductor by 66.9% in the 3rd quarter. Citadel Advisors LLC now owns 15,465 shares of the semiconductor company’s stock worth $176,000 after buying an additional 6,197 shares during the period. Finally, Northern Trust Corp purchased a new position in Magnachip Semiconductor in the 2nd quarter worth about $111,000. 90.65% of the stock is currently owned by institutional investors and hedge funds.
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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.
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