Magnachip Semiconductor Corp (MX) Share Price Rose While Engaged Capital LLC Lowered by $8.25 Million Its Stake

December 9, 2017 - By Henry Gaston

Investors sentiment decreased to 1 in Q2 2017. Its down 0.20, from 1.2 in 2017Q1. It fall, as 18 investors sold MX shares while 14 reduced holdings. 10 funds opened positions while 22 raised stakes. 26.70 million shares or 0.75% less from 26.90 million shares in 2017Q1 were reported. Jane Street Grp Limited Liability holds 0% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX) for 42,446 shares. Deutsche Retail Bank Ag holds 178,973 shares. Blair William Il invested in 0% or 12,000 shares. Liberty Mutual Gp Asset Mgmt Inc holds 10,800 shares. North Run Limited Partnership has invested 4.69% in MagnaChip Semiconductor Corporation (NYSE:MX). Northern Corporation, a Illinois-based fund reported 11,378 shares. One Trading Lp invested in 0% or 40,538 shares. Wells Fargo Mn holds 10,777 shares or 0% of its portfolio. Fny Managed Accounts Ltd Company stated it has 0.04% in MagnaChip Semiconductor Corporation (NYSE:MX). Springowl Assocs Limited Company holds 1.09% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX) for 127,382 shares. Lasry Marc has invested 12.64% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Fmr Limited Liability Company holds 316,198 shares or 0% of its portfolio. State Street, a Massachusetts-based fund reported 40,222 shares. Manufacturers Life The, Ontario – Canada-based fund reported 621,892 shares. Legal And General Group Inc Public Limited Com stated it has 8,000 shares.

Glenn W. Welling decreased its stake in Magnachip Semiconductor Corp (MX) by 28.4% based on its latest 2017Q2 regulatory filing with the SEC. Engaged Capital Llc sold 916,749 shares as the company’s stock rose 15.89% with the market. The hedge fund run by Glenn W. Welling held 2.31M shares of the semiconductors company at the end of 2017Q2, valued at $22.65 million, down from 3.23M at the end of the previous reported quarter. Engaged Capital Llc who had been investing in Magnachip Semiconductor Corp for a number of months, seems to be less bullish one the $387.47 million market cap company. The stock decreased 1.30% or $0.15 during the last trading session, reaching $11.35. About 210,970 shares traded. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 76.77% since December 9, 2016 and is uptrending. It has outperformed by 60.07% the S&P500.

Analysts await MagnaChip Semiconductor Corporation (NYSE:MX) to report earnings on February, 8. They expect $0.24 EPS, up 116.90 % or $1.66 from last year’s $-1.42 per share. MX’s profit will be $8.19 million for 11.82 P/E if the $0.24 EPS becomes a reality. After $0.27 actual EPS reported by MagnaChip Semiconductor Corporation for the previous quarter, Wall Street now forecasts -11.11 % negative EPS growth.

More recent MagnaChip Semiconductor Corporation (NYSE:MX) news were published by: Seekingalpha.com which released: “Look Twice Before Buying MagnaChip” on July 18, 2017. Also Seekingalpha.com published the news titled: “MagnaChip Semiconductor Is A Buy” on July 19, 2017. Seekingalpha.com‘s news article titled: “MagnaChip Semiconductor’s (MX) CEO YJ Kim on Q3 2017 Results – Earnings Call …” with publication date: November 02, 2017 was also an interesting one.

MagnaChip Semiconductor Corporation (NYSE:MX) Ratings Coverage

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) has “Buy” rating given on Friday, August 7 by Topeka Capital Markets. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Buy” rating by Topeka Capital Markets on Thursday, February 18. Citigroup maintained MagnaChip Semiconductor Corporation (NYSE:MX) on Monday, August 7 with “Neutral” rating. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) has “Buy” rating given on Friday, May 6 by Topeka Capital Markets. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) has “Buy” rating given on Wednesday, August 9 by Roth Capital. On Wednesday, June 14 the stock rating was maintained by Roth Capital with “Buy”. The rating was maintained by Needham on Thursday, July 13 with “Buy”. The stock has “Neutral” rating by Citigroup on Wednesday, May 10. The rating was maintained by Needham with “Buy” on Friday, August 4. Topeka Capital Markets maintained it with “Buy” rating and $8 target in Friday, October 30 report.

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