Quadrature Capital Ltd Trims Holdings in Magnachip Semiconductor Co. (NYSE:MX)

Quadrature Capital Ltd reduced its stake in shares of Magnachip Semiconductor Co. (NYSE:MX) by 49.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,448 shares of the semiconductor company’s stock after selling 13,948 shares during the quarter. Quadrature Capital Ltd’s holdings in Magnachip Semiconductor were worth $67,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Magnachip Semiconductor in the third quarter worth approximately $29,000. Algert Global LLC lifted its holdings 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 worth $92,000 after buying an additional 2,470 shares during the period. American Century Companies Inc. lifted its holdings in shares of 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 buying an additional 6,777 shares during the period. 272 Capital LP grew its position in shares of Magnachip Semiconductor by 141.6% during the 3rd quarter. 272 Capital LP now owns 91,740 shares of the semiconductor company’s stock worth $428,000 after buying an additional 53,774 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Magnachip Semiconductor by 91.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 102,377 shares of the semiconductor company’s stock valued at $478,000 after buying an additional 48,767 shares during the period. 74.26% of the stock is currently owned by institutional investors.

Magnachip Semiconductor Trading Down 3.1 %

MX opened at $4.02 on Friday. 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 market cap of $149.56 million, a price-to-earnings ratio of -3.47 and a beta of 0.64. Magnachip Semiconductor Co. has a 12 month low of $3.56 and a 12 month high of $8.16. The stock has a fifty day moving average price of $4.30 and a 200-day moving average price of $4.67.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MX shares. StockNews.com lowered shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Barclays raised shares of Magnachip Semiconductor to a “hold” rating in a research report on Tuesday, September 10th.

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.