MagnaChip Semiconductor Corporation (NYSE:MX)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $13.00 and last traded at $12.93, with a volume of 593194 shares traded. The stock had previously closed at $12.05.

A number of equities analysts have commented on MX shares. BidaskClub cut shares of MagnaChip Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price (up previously from $13.00) on shares of MagnaChip Semiconductor Corporation in a research report on Friday, August 4th. Citigroup Inc. boosted their target price on shares of MagnaChip Semiconductor Corporation from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Zacks Investment Research raised shares of MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Thursday, August 10th. Finally, ValuEngine cut shares of MagnaChip Semiconductor Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. MagnaChip Semiconductor Corporation presently has an average rating of “Hold” and an average price target of $12.67.

The company has a debt-to-equity ratio of -4.96, a quick ratio of 1.96 and a current ratio of 2.42.

In other news, Director Marc Lasry sold 4,088,978 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $10.98, for a total value of $44,896,978.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Northern Trust Corp acquired a new position in MagnaChip Semiconductor Corporation in the second quarter valued at about $111,000. Goldman Sachs Group Inc. acquired a new position in MagnaChip Semiconductor Corporation in the second quarter valued at about $148,000. Citadel Advisors LLC raised its stake in MagnaChip Semiconductor Corporation by 66.9% in the third quarter. Citadel Advisors LLC now owns 15,465 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 6,197 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in MagnaChip Semiconductor Corporation in the third quarter valued at about $193,000. Finally, Silver Capital Management LLC acquired a new position in MagnaChip Semiconductor Corporation in the third quarter valued at about $434,000. 95.55% of the stock is owned by institutional investors and hedge funds.

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About MagnaChip Semiconductor Corporation

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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