MagnaChip Semiconductor Corporation (MX) Receives Average Recommendation of “Hold” from Brokerages
MagnaChip Semiconductor Corporation (NYSE:MX) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.00.
MX has been the subject of a number of research reports. Zacks Investment Research upgraded shares of MagnaChip Semiconductor 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. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of MagnaChip Semiconductor in a research report on Friday, September 8th. BidaskClub upgraded shares of MagnaChip Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. TheStreet lowered shares of MagnaChip Semiconductor from a “c-” rating to a “d” rating in a research report on Thursday, November 2nd. Finally, Citigroup Inc. increased their price objective on shares of MagnaChip Semiconductor from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Monday, August 7th.
Hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp bought a new position in MagnaChip Semiconductor during the second quarter valued at $111,000. Goldman Sachs Group Inc. bought a new position in MagnaChip Semiconductor during the second quarter valued at $148,000. Citadel Advisors LLC lifted its position in MagnaChip Semiconductor by 66.9% during 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 during the last quarter. Dixon Hubard Feinour & Brown Inc. VA bought a new position in MagnaChip Semiconductor during the third quarter valued at $193,000. Finally, Silver Capital Management LLC bought a new position in MagnaChip Semiconductor during the third quarter valued at $434,000.
About MagnaChip Semiconductor
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.
Receive News & Ratings for MagnaChip Semiconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MagnaChip Semiconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.