Magnachip Semiconductor Corp (MX) Major Shareholder Brigade Leveraged Capital Stru Sells 25,294 Shares

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.

Magnachip Semiconductor (NYSE:MX) last announced its earnings results on Wednesday, November 1st. The semiconductor company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. sell-side analysts forecast that Magnachip Semiconductor Corp will post 0.7 EPS for the current year.

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.

ILLEGAL ACTIVITY WARNING: “Magnachip Semiconductor Corp (MX) Major Shareholder Brigade Leveraged Capital Stru Sells 25,294 Shares” was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.com-unik.info/2018/01/30/magnachip-semiconductor-corp-mx-major-shareholder-brigade-leveraged-capital-stru-sells-25294-shares.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