MagnaChip Semiconductor Corporation (NYSE:MX) traded down 6.9% during trading on Monday . The stock traded as low as $10.30 and last traded at $10.48. 827,156 shares traded hands during trading, an increase of 76% from the average session volume of 469,717 shares. The stock had previously closed at $11.25.

Several equities research analysts have recently commented on the company. ValuEngine raised MagnaChip Semiconductor Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price (up from $13.00) on shares of MagnaChip Semiconductor Corporation in a report on Friday, August 4th. BidaskClub downgraded MagnaChip Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Zacks Investment Research downgraded MagnaChip Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Citigroup Inc. upped their target price on MagnaChip Semiconductor Corporation from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. MagnaChip Semiconductor Corporation presently has a consensus rating of “Buy” and a consensus target price of $12.25.

The stock has a 50 day moving average of $11.24 and a 200 day moving average of $9.71. The firm has a market capitalization of $356.53 million, a PE ratio of 22.871 and a beta of -0.37.

MagnaChip Semiconductor Corporation (NYSE:MX) last announced its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.17. The company had revenue of $166.70 million for the quarter, compared to analyst estimates of $165.00 million. During the same period last year, the firm earned ($0.05) earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that MagnaChip Semiconductor Corporation will post $0.78 earnings per share for the current year.

In other MagnaChip Semiconductor Corporation news, Director Marc Lasry sold 4,088,978 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $10.98, for a total value of $44,896,978.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Camillo Martino bought 10,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $10.25 per share, with a total value of $102,500.00. Following the completion of the purchase, the director now owns 31,916 shares of the company’s stock, valued at approximately $327,139. The disclosure for this purchase can be found here. 3.80% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Suntrust Banks Inc. acquired a new position in MagnaChip Semiconductor Corporation in the first quarter valued at about $101,000. Northern Trust Corp acquired a new position in MagnaChip Semiconductor Corporation in the second quarter valued at about $111,000. Highbridge Capital Management LLC acquired a new position in MagnaChip Semiconductor Corporation in the first quarter valued at about $127,000. Goldman Sachs Group Inc. acquired a new position in MagnaChip Semiconductor Corporation in the second quarter valued at about $148,000. Finally, Columbia Pacific Advisors LLC acquired a new position in MagnaChip Semiconductor Corporation in the first quarter valued at about $382,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

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MagnaChip Semiconductor Corporation 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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