GSA Capital Partners LLP lifted its stake in Magnachip Semiconductor Corp (NYSE:MX) by 24.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,100 shares of the semiconductor company’s stock after buying an additional 27,400 shares during the quarter. GSA Capital Partners LLP owned about 0.41% of Magnachip Semiconductor worth $1,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP bought a new position in shares of Magnachip Semiconductor in the third quarter worth about $125,000. Engineers Gate Manager LP bought a new position in shares of Magnachip Semiconductor in the third quarter worth about $206,000. Paloma Partners Management Co bought a new position in shares of Magnachip Semiconductor in the second quarter worth about $277,000. Sensato Investors LLC bought a new position in shares of Magnachip Semiconductor in the second quarter worth about $393,000. Finally, FDx Advisors Inc. bought a new position in shares of Magnachip Semiconductor in the second quarter worth about $466,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

MX has been the topic of several recent research reports. Roth Capital decreased their price objective on Magnachip Semiconductor from $18.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. Zacks Investment Research raised Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Citigroup decreased their target price on Magnachip Semiconductor from $12.00 to $9.40 and set a “neutral” rating on the stock in a research note on Thursday, November 1st. Finally, ValuEngine downgraded Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.47.

Shares of MX opened at $6.39 on Friday. The company has a market cap of $227.81 million, a P/E ratio of 8.02 and a beta of 0.44. Magnachip Semiconductor Corp has a 12-month low of $6.15 and a 12-month high of $13.35.

Magnachip Semiconductor (NYSE:MX) last issued its earnings results on Tuesday, October 30th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $205.00 million. Magnachip Semiconductor had a negative return on equity of 108.44% and a net margin of 5.65%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. On average, equities analysts forecast that Magnachip Semiconductor Corp will post 0.44 earnings per share for the current fiscal year.

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About Magnachip Semiconductor

MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The company operates through two segments, Foundry Services Group and Standard Products Group.

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Institutional Ownership by Quarter for Magnachip Semiconductor (NYSE:MX)

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