Magnachip Semiconductor Corp (NYSE:MX) Director Melvin L. Keating purchased 3,600 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $9.01 per share, with a total value of $32,436.00. Following the acquisition, the director now directly owns 24,016 shares in the company, valued at $216,384.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Magnachip Semiconductor Corp (NYSE MX) traded up $0.45 during mid-day trading on Wednesday, hitting $9.45. 696,385 shares of the stock traded hands, compared to its average volume of 663,293. The firm has a market cap of $314.54, a price-to-earnings ratio of 4.85 and a beta of -0.04. The company has a quick ratio of 1.96, a current ratio of 2.42 and a debt-to-equity ratio of -4.96. Magnachip Semiconductor Corp has a one year low of $7.15 and a one year high of $13.40.
Magnachip Semiconductor (NYSE:MX) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The company had revenue of $174.58 million during the quarter, compared to analyst estimates of $174.00 million. Magnachip Semiconductor had a negative return on equity of 40.94% and a net margin of 12.50%. Magnachip Semiconductor’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share. sell-side analysts predict that Magnachip Semiconductor Corp will post 0.75 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in Magnachip Semiconductor by 1.5% in the 2nd quarter. State Street Corp now owns 40,222 shares of the semiconductor company’s stock worth $394,000 after purchasing an additional 606 shares during the period. Silverback Asset Management LLC boosted its stake in Magnachip Semiconductor by 1.6% in the 2nd quarter. Silverback Asset Management LLC now owns 313,461 shares of the semiconductor company’s stock worth $3,072,000 after purchasing an additional 5,000 shares during the period. Citadel Advisors LLC boosted its stake in Magnachip Semiconductor by 66.9% in the 3rd quarter. Citadel Advisors LLC now owns 15,465 shares of the semiconductor company’s stock worth $176,000 after purchasing an additional 6,197 shares during the period. Goldman Sachs Group Inc. boosted its stake in Magnachip Semiconductor by 64.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 20,574 shares of the semiconductor company’s stock worth $205,000 after purchasing an additional 8,034 shares during the period. Finally, Northern Trust Corp acquired a new position in Magnachip Semiconductor in the 2nd quarter worth $111,000. 90.32% of the stock is owned by hedge funds and other institutional investors.
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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.
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