Magnachip Semiconductor (NYSE:MX) Stock Rating Lowered by StockNews.com

Magnachip Semiconductor (NYSE:MX) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Magnachip Semiconductor Price Performance

Shares of NYSE MX opened at $4.17 on Friday. Magnachip Semiconductor has a twelve month low of $3.56 and a twelve month high of $7.10. The company has a current ratio of 4.81, a quick ratio of 4.09 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $4.02 and a two-hundred day moving average of $4.50. The company has a market capitalization of $154.94 million, a price-to-earnings ratio of -3.59 and a beta of 0.64.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Magnachip Semiconductor during the 3rd quarter worth $29,000. Canandaigua National Bank & Trust Co. purchased a new stake in shares of Magnachip Semiconductor during the fourth quarter valued at $70,000. Algert Global LLC boosted its position in shares of Magnachip Semiconductor by 15.0% in the 2nd quarter. Algert Global LLC now owns 18,944 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 2,470 shares during the period. American Century Companies Inc. increased its stake in Magnachip Semiconductor by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 57,173 shares of the semiconductor company’s stock worth $278,000 after purchasing an additional 6,777 shares in the last quarter. Finally, 272 Capital LP lifted its stake in Magnachip Semiconductor by 141.6% during the third quarter. 272 Capital LP now owns 91,740 shares of the semiconductor company’s stock valued at $428,000 after buying an additional 53,774 shares in the last quarter. Institutional investors and hedge funds own 74.26% of the company’s stock.

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.