Magnachip Semiconductor Corp (MX) CEO Acquires $81,325.20 in Stock

Magnachip Semiconductor Corp (NYSE:MX) CEO Young-Joon Kim acquired 8,888 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $9.15 per share, with a total value of $81,325.20. Following the completion of the acquisition, the chief executive officer now owns 67,963 shares of the company’s stock, valued at approximately $621,861.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Magnachip Semiconductor Corp (MX) traded up $0.45 during midday trading on Wednesday, reaching $9.45. The company’s stock had a trading volume of 696,385 shares, compared to its average volume of 663,293. Magnachip Semiconductor Corp has a one year low of $7.15 and a one year high of $13.40. The company has a current ratio of 2.42, a quick ratio of 1.96 and a debt-to-equity ratio of -4.96. The company has a market capitalization of $314.54, a price-to-earnings ratio of 4.85 and a beta of -0.04.

Magnachip Semiconductor (NYSE:MX) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Magnachip Semiconductor had a net margin of 12.50% and a negative return on equity of 40.94%. The company had revenue of $174.58 million for the quarter, compared to the consensus estimate of $174.00 million. During the same quarter last year, the business earned $0.04 earnings per share. Magnachip Semiconductor’s quarterly revenue was down 1.2% on a year-over-year basis. analysts forecast that Magnachip Semiconductor Corp will post 0.75 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp bought a new position in Magnachip Semiconductor during the second quarter valued at about $111,000. Tower Research Capital LLC TRC raised its holdings in Magnachip Semiconductor by 3,798.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 14,347 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 13,979 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Magnachip Semiconductor during the second quarter valued at about $148,000. Citadel Advisors LLC raised its holdings 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 buying an additional 6,197 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA bought a new position in Magnachip Semiconductor during the third quarter valued at about $193,000. Institutional investors own 90.32% of the company’s stock.

Several brokerages recently issued reports on MX. Zacks Investment Research lowered Magnachip Semiconductor from a “hold” rating to a “strong sell” rating in a report on Tuesday. TheStreet upgraded Magnachip Semiconductor from a “d” rating to a “c” rating in a report on Wednesday, February 7th. ValuEngine upgraded Magnachip Semiconductor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of Magnachip Semiconductor in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Magnachip Semiconductor currently has an average rating of “Hold” and a consensus price target of $12.67.

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Magnachip Semiconductor Company Profile

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.

Insider Buying and Selling by Quarter for Magnachip Semiconductor (NYSE:MX)

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