OxFORD Asset Management LLP trimmed its holdings in shares of MagnaChip Semiconductor Corporation (NYSE:MX) by 38.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 12,933 shares of the semiconductor company’s stock after selling 7,948 shares during the period. OxFORD Asset Management LLP’s holdings in MagnaChip Semiconductor were worth $146,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Northern Trust Corp acquired a new stake in shares of MagnaChip Semiconductor during the 2nd quarter worth about $111,000. Goldman Sachs Group Inc. acquired a new stake in shares of MagnaChip Semiconductor during the 2nd quarter worth about $148,000. Citadel Advisors LLC increased its position in shares of MagnaChip Semiconductor by 66.9% during 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 in the last quarter. Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in shares of MagnaChip Semiconductor during the 3rd quarter worth about $193,000. Finally, Silver Capital Management LLC acquired a new stake in shares of MagnaChip Semiconductor during the 3rd quarter worth about $434,000. 89.45% of the stock is owned by institutional investors.

Shares of MagnaChip Semiconductor Corporation (NYSE MX) opened at $9.95 on Tuesday. The company has a debt-to-equity ratio of -4.96, a current ratio of 2.42 and a quick ratio of 1.96. The firm has a market cap of $339.68, a PE ratio of -21.63 and a beta of -0.29. MagnaChip Semiconductor Corporation has a 1 year low of $6.05 and a 1 year high of $13.40.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of MagnaChip Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. TheStreet cut shares of MagnaChip Semiconductor from a “c-” rating to a “d” rating in a research report on Thursday, November 2nd. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of MagnaChip Semiconductor in a research report on Thursday, November 2nd. Finally, ValuEngine cut shares of MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.67.

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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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Institutional Ownership by Quarter for MagnaChip Semiconductor (NYSE:MX)

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