Virtu Financial LLC Acquires Shares of 60,325 Magnachip Semiconductor Co. (NYSE:MX)

Virtu Financial LLC acquired a new position in shares of Magnachip Semiconductor Co. (NYSE:MX) during the 4th quarter, Holdings Channel.com reports. The fund acquired 60,325 shares of the semiconductor company’s stock, valued at approximately $243,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Clearline Capital LP boosted its stake in Magnachip Semiconductor by 7.0% in the 3rd quarter. Clearline Capital LP now owns 1,800,755 shares of the semiconductor company’s stock worth $8,410,000 after purchasing an additional 117,079 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Magnachip Semiconductor by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 271,251 shares of the semiconductor company’s stock worth $1,267,000 after acquiring an additional 13,252 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in Magnachip Semiconductor during the 3rd quarter valued at $1,005,000. Charles Schwab Investment Management Inc. increased its position in Magnachip Semiconductor by 61.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 165,552 shares of the semiconductor company’s stock valued at $666,000 after acquiring an additional 63,175 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of Magnachip Semiconductor by 11.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 128,554 shares of the semiconductor company’s stock valued at $600,000 after purchasing an additional 12,711 shares during the last quarter. 74.26% of the stock is owned by institutional investors.

Magnachip Semiconductor Stock Down 2.8 %

Shares of MX stock opened at $3.63 on Friday. The company’s fifty day simple moving average is $4.27 and its two-hundred day simple moving average is $4.27. Magnachip Semiconductor Co. has a 52 week low of $3.56 and a 52 week high of $5.98. The stock has a market cap of $133.70 million, a P/E ratio of -3.13 and a beta of 0.59. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price on shares of Magnachip Semiconductor in a report on Thursday, March 13th. StockNews.com upgraded shares of Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th.

About Magnachip Semiconductor

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.