Jump Financial LLC Takes $152,000 Position in Magnachip Semiconductor Co. (NYSE:MX)

Jump Financial LLC bought a new stake in shares of Magnachip Semiconductor Co. (NYSE:MX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 37,737 shares of the semiconductor company’s stock, valued at approximately $152,000. Jump Financial LLC owned 0.10% of Magnachip Semiconductor as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. R Squared Ltd acquired a new stake in Magnachip Semiconductor in the 4th quarter worth about $32,000. Canandaigua National Bank & Trust Co. acquired a new stake in Magnachip Semiconductor in the 4th quarter worth about $70,000. XTX Topco Ltd acquired a new stake in Magnachip Semiconductor in the 4th quarter worth about $145,000. Virtu Financial LLC acquired a new stake in Magnachip Semiconductor in the 4th quarter worth about $243,000. Finally, American Century Companies Inc. boosted its holdings in Magnachip Semiconductor by 4.8% in the 4th quarter. American Century Companies Inc. now owns 68,851 shares of the semiconductor company’s stock worth $277,000 after buying an additional 3,138 shares during the last quarter. 74.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $6.00 target price on shares of Magnachip Semiconductor in a research note on Thursday, March 13th. StockNews.com raised shares of Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research note on Thursday, March 13th.

Magnachip Semiconductor Stock Down 0.9 %

MX stock opened at $3.20 on Tuesday. The firm has a market cap of $118.03 million, a PE ratio of -2.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.09 and a current ratio of 4.81. The firm’s 50 day moving average price is $3.64 and its 200-day moving average price is $4.01. Magnachip Semiconductor Co. has a one year low of $2.51 and a one year high of $5.98.

Magnachip Semiconductor Company Profile

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.