1.2% Stake of Magnachip Semiconductor Corp. (MX) Owned by CYPRESS FUNDS LLC Total Shares: 417,800
CYPRESS FUNDS LLC
recently stated that they own a 1.2% stake in Magnachip Semiconductor Corp. (NYSE:MX) in a Form 13G/A disclosure that was filed with the SEC on Thursday, October 13th. The investor owns 417,800 shares of the stock worth approximately $3,547,122. The disclosure is available through the SEC website at this link.
Several other hedge funds and other institutional investors also recently bought and sold shares of MX. Kennedy Capital Management Inc. purchased a new position in Magnachip Semiconductor Corp. during the first quarter valued at $4,646,000. Bogle Investment Management L P DE bought a new position in Magnachip Semiconductor Corp. during the first quarter valued at approximately $578,000. Oxford Asset Management boosted its position in Magnachip Semiconductor Corp. by 209.3% in the second quarter. Oxford Asset Management now owns 176,358 shares of the company’s stock valued at $998,000 after buying an additional 119,331 shares in the last quarter. Springowl Associates LLC boosted its position in Magnachip Semiconductor Corp. by 17.2% in the second quarter. Springowl Associates LLC now owns 106,900 shares of the company’s stock valued at $605,000 after buying an additional 15,700 shares in the last quarter. Finally, Brigade Capital Management LP boosted its position in Magnachip Semiconductor Corp. by 5.3% in the second quarter. Brigade Capital Management LP now owns 1,975,000 shares of the company’s stock valued at $11,179,000 after buying an additional 100,000 shares in the last quarter. 76.38% of the stock is currently owned by institutional investors.
Shares of Magnachip Semiconductor Corp. (NYSE:MX) opened at 8.49 on Thursday. The company has a 50-day moving average of $8.37 and a 200-day moving average of $6.39. The company’s market capitalization is $294.87 million. Magnachip Semiconductor Corp. has a one year low of $3.10 and a one year high of $9.17.
Magnachip Semiconductor Corp. (NYSE:MX) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.20. The business earned $167.10 million during the quarter, compared to analyst estimates of $159 million. On average, analysts anticipate that Magnachip Semiconductor Corp. will post ($0.77) earnings per share for the current year.
Separately, Roth Capital initiated coverage on shares of Magnachip Semiconductor Corp. in a report on Wednesday, September 28th. They set a “buy” rating and a $10.00 price target on the stock.
In other Magnachip Semiconductor Corp. news, major shareholder Pleasant Lake Partners Llc sold 58,000 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $7.49, for a total value of $434,420.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by corporate insiders.
Magnachip Semiconductor Corp. Company Profile
MagnaChip Semiconductor Corporation is a holding company, which designs and manufactures 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 applications.
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