Magnachip Semiconductor Corp (NYSE:MX) was the recipient of some unusual options trading on Monday. Investors acquired 2,037 call options on the stock. This is an increase of 2,690% compared to the typical volume of 73 call options.

Shares of Magnachip Semiconductor stock opened at $9.88 on Wednesday. The stock has a market capitalization of $284.99 million, a P/E ratio of 13.92 and a beta of 0.50. Magnachip Semiconductor has a fifty-two week low of $5.75 and a fifty-two week high of $13.06.

Magnachip Semiconductor (NYSE:MX) last announced its quarterly earnings data on Thursday, February 14th. The semiconductor company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.16. The firm had revenue of $179.39 million during the quarter, compared to analyst estimates of $176.50 million. Magnachip Semiconductor had a negative return on equity of 110.27% and a negative net margin of 0.52%. Magnachip Semiconductor’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. On average, equities analysts anticipate that Magnachip Semiconductor will post -0.63 EPS for the current year.

Several brokerages recently weighed in on MX. ValuEngine raised Magnachip Semiconductor from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Magnachip Semiconductor from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a report on Friday, April 19th. TheStreet lowered Magnachip Semiconductor from a “c” rating to a “d+” rating in a report on Friday, February 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Magnachip Semiconductor in a report on Thursday, January 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $10.41.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Magnachip Semiconductor in the fourth quarter valued at approximately $41,000. Tower Research Capital LLC TRC boosted its stake in Magnachip Semiconductor by 1,015.1% in the third quarter. Tower Research Capital LLC TRC now owns 11,508 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 10,476 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Magnachip Semiconductor in the third quarter valued at approximately $123,000. PEAK6 Investments LLC acquired a new position in Magnachip Semiconductor in the fourth quarter valued at approximately $79,000. Finally, Menta Capital LLC boosted its stake in Magnachip Semiconductor by 14.5% in the fourth quarter. Menta Capital LLC now owns 63,971 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 8,100 shares during the period. Institutional investors own 89.32% of the company’s stock.

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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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