California Public Employees Retirement System trimmed its position in MagnaChip Semiconductor Corporation (NYSE:MX) by 36.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,300 shares of the semiconductor company’s stock after selling 65,500 shares during the quarter. California Public Employees Retirement System owned approximately 0.34% of MagnaChip Semiconductor Corporation worth $1,140,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MX. Menta Capital LLC raised its stake in MagnaChip Semiconductor Corporation by 97.6% in the second quarter. Menta Capital LLC now owns 110,696 shares of the semiconductor company’s stock valued at $1,085,000 after purchasing an additional 54,679 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in MagnaChip Semiconductor Corporation by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 607,785 shares of the semiconductor company’s stock valued at $5,804,000 after purchasing an additional 34,253 shares in the last quarter. Columbus Circle Investors raised its stake in MagnaChip Semiconductor Corporation by 46.1% in the second quarter. Columbus Circle Investors now owns 137,708 shares of the semiconductor company’s stock valued at $1,350,000 after purchasing an additional 43,445 shares in the last quarter. Rubric Capital Management LP raised its stake in MagnaChip Semiconductor Corporation by 13.2% in the second quarter. Rubric Capital Management LP now owns 1,925,000 shares of the semiconductor company’s stock valued at $18,865,000 after purchasing an additional 225,000 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in MagnaChip Semiconductor Corporation by 153.0% in the second quarter. GSA Capital Partners LLP now owns 216,300 shares of the semiconductor company’s stock valued at $2,120,000 after purchasing an additional 130,800 shares in the last quarter. 94.11% of the stock is currently owned by hedge funds and other institutional investors.

In other MagnaChip Semiconductor Corporation news, Director Marc Lasry sold 4,088,978 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $10.98, for a total transaction of $44,896,978.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Camillo Martino purchased 10,000 shares of MagnaChip Semiconductor Corporation stock in a transaction on Monday, August 14th. The shares were acquired at an average price of $10.25 per share, for a total transaction of $102,500.00. Following the completion of the transaction, the director now directly owns 31,916 shares of the company’s stock, valued at $327,139. The disclosure for this purchase can be found here. 3.80% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on MX shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of MagnaChip Semiconductor Corporation in a research note on Friday, September 8th. ValuEngine downgraded shares of MagnaChip Semiconductor Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of MagnaChip Semiconductor Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub downgraded shares of MagnaChip Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Citigroup Inc. raised 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 note on Monday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.67.

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MagnaChip Semiconductor Corporation (NYSE MX) opened at $12.15 on Friday. MagnaChip Semiconductor Corporation has a 52-week low of $5.25 and a 52-week high of $12.75. The company has a quick ratio of 1.80, a current ratio of 2.42 and a debt-to-equity ratio of -4.96.

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.

Institutional Ownership by Quarter for MagnaChip Semiconductor Corporation (NYSE:MX)

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