Magnachip Semiconductor Corp. $MX Stake Lessened by S Squared Technology LLC

S Squared Technology LLC trimmed its stake in shares of Magnachip Semiconductor Corp. (NYSE:MX) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 610,514 shares of the semiconductor company’s stock after selling 29,201 shares during the quarter. Magnachip Semiconductor makes up 1.0% of S Squared Technology LLC’s portfolio, making the stock its 29th biggest position. S Squared Technology LLC’s holdings in Magnachip Semiconductor were worth $2,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. OneDigital Investment Advisors LLC acquired a new stake in shares of Magnachip Semiconductor in the 1st quarter valued at about $35,000. Tabor Asset Management LP bought a new stake in Magnachip Semiconductor in the first quarter valued at about $339,000. GSA Capital Partners LLP raised its stake in Magnachip Semiconductor by 64.6% during the first quarter. GSA Capital Partners LLP now owns 184,517 shares of the semiconductor company’s stock valued at $633,000 after buying an additional 72,439 shares in the last quarter. American Century Companies Inc. raised its stake in Magnachip Semiconductor by 5.8% during the first quarter. American Century Companies Inc. now owns 72,861 shares of the semiconductor company’s stock valued at $250,000 after buying an additional 4,010 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in Magnachip Semiconductor by 22.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 60,638 shares of the semiconductor company’s stock worth $208,000 after buying an additional 11,298 shares during the last quarter. Institutional investors own 74.26% of the company’s stock.

Insider Activity

In other news, insider Shin Young Park bought 10,000 shares of Magnachip Semiconductor stock in a transaction on Monday, August 25th. The stock was purchased at an average cost of $2.87 per share, with a total value of $28,700.00. Following the purchase, the insider directly owned 251,786 shares of the company’s stock, valued at approximately $722,625.82. This trade represents a 4.14% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Camillo Martino purchased 30,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $2.84 per share, for a total transaction of $85,200.00. Following the purchase, the insider directly owned 259,127 shares of the company’s stock, valued at $735,920.68. This trade represents a 13.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MX has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Magnachip Semiconductor in a report on Wednesday, October 8th. Needham & Company LLC lowered their target price on shares of Magnachip Semiconductor from $6.00 to $5.50 and set a “buy” rating for the company in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.50.

Magnachip Semiconductor Trading Down 6.2%

NYSE:MX opened at $2.26 on Monday. The firm has a market capitalization of $81.18 million, a P/E ratio of -2.19 and a beta of 0.91. The business has a 50 day simple moving average of $3.07 and a 200 day simple moving average of $3.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.65 and a quick ratio of 3.77. Magnachip Semiconductor Corp. has a 12-month low of $2.21 and a 12-month high of $5.16.

Magnachip Semiconductor (NYSE:MX) last posted its earnings results on Monday, November 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.07. The company had revenue of $45.95 million for the quarter, compared to analysts’ expectations of $46.00 million. Magnachip Semiconductor had a negative return on equity of 2.88% and a negative net margin of 18.84%. Magnachip Semiconductor has set its Q4 2025 guidance at EPS. Equities research analysts predict that Magnachip Semiconductor Corp. will post -1.22 EPS for the current year.

About Magnachip Semiconductor

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.