Shares of MagnaChip Semiconductor Corporation (NYSE:MX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.00 and last traded at $12.93, with a volume of 593194 shares trading hands. The stock had previously closed at $12.05.

Several brokerages have recently weighed in on MX. Zacks Investment Research cut MagnaChip Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. TheStreet cut MagnaChip Semiconductor Corporation from a “c-” rating to a “d” rating in a research report on Thursday, November 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of MagnaChip Semiconductor Corporation in a research report on Thursday, November 2nd. ValuEngine cut MagnaChip Semiconductor Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.67.

The company has a quick ratio of 1.96, a current ratio of 2.42 and a debt-to-equity ratio of -4.96.

A number of institutional investors have recently bought and sold shares of the stock. Evermore Global Advisors LLC grew its position in MagnaChip Semiconductor Corporation by 34.1% during the third quarter. Evermore Global Advisors LLC now owns 3,125,620 shares of the semiconductor company’s stock worth $35,476,000 after buying an additional 794,415 shares in the last quarter. Oaktree Capital Management LP grew its position in MagnaChip Semiconductor Corporation by 44.9% during the third quarter. Oaktree Capital Management LP now owns 2,340,000 shares of the semiconductor company’s stock worth $26,559,000 after buying an additional 725,000 shares in the last quarter. Rubric Capital Management LP grew its position in MagnaChip Semiconductor Corporation by 13.2% during the second quarter. Rubric Capital Management LP now owns 1,925,000 shares of the semiconductor company’s stock worth $18,865,000 after buying an additional 225,000 shares in the last quarter. Hood River Capital Management LLC grew its position in MagnaChip Semiconductor Corporation by 19.7% during the third quarter. Hood River Capital Management LLC now owns 1,880,187 shares of the semiconductor company’s stock worth $21,340,000 after buying an additional 309,637 shares in the last quarter. Finally, Morgan Stanley grew its position in MagnaChip Semiconductor Corporation by 91.0% during the first quarter. Morgan Stanley now owns 916,194 shares of the semiconductor company’s stock worth $8,749,000 after buying an additional 436,509 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was first reported by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/11/15/magnachip-semiconductor-corporation-mx-hits-new-52-week-high-at-13-00.html.

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.

Receive News & Ratings for MagnaChip Semiconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MagnaChip Semiconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.