Magnachip Semiconductor Corporation Depositary Sha (NYSE:MX) Could Improve Your Long Portfolio After Less Shorts Reported

March 22, 2018 - By Darrin Black

 Magnachip Semiconductor Corporation Depositary Sha (NYSE:MX) Could Improve Your Long Portfolio After Less Shorts Reported

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.17, from 1 in 2017Q2. It is positive, as 9 investors sold MagnaChip Semiconductor Corporation shares while 20 reduced holdings. 19 funds opened positions while 15 raised stakes. 23.94 million shares or 10.33% less from 26.70 million shares in 2017Q2 were reported.
Cohen Cap has invested 0.43% in MagnaChip Semiconductor Corporation (NYSE:MX). State Street invested in 0% or 40,528 shares. Clarivest Asset Mgmt Ltd Limited Liability Company, a California-based fund reported 69,900 shares. Boothbay Fund Management Ltd Liability Corporation reported 58,315 shares. Mckinley Cap Mngmt Llc Delaware invested in 0.12% or 262,658 shares. Legal And General Grp Inc Plc owns 0% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 3,400 shares. Driehaus Management Ltd has 0.26% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 580,780 shares. Walleye Trading Ltd owns 0% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 15,994 shares. Alliancebernstein Lp accumulated 0.01% or 1.42 million shares. Morgan Stanley has invested 0% in MagnaChip Semiconductor Corporation (NYSE:MX). Moreover, Oaktree Cap Mngmt Lp has 0.4% invested in MagnaChip Semiconductor Corporation (NYSE:MX). Silver Management Ltd Liability stated it has 1.75% in MagnaChip Semiconductor Corporation (NYSE:MX). Prelude Capital Limited Liability Company has 3,509 shares for 0% of their portfolio. Silverback Asset Mngmt Ltd Company has 1.02% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 562,000 shares. Malaga Cove Llc has 5,000 shares.

Since January 24, 2018, it had 7 insider buys, and 3 selling transactions for $3.61 million activity. Kim Jonathan W had bought 8,000 shares worth $72,598. The insider Brigade Leveraged Capital Structures Fund Ltd. sold 25,294 shares worth $322,499. Kim Theodore S also bought $45,438 worth of MagnaChip Semiconductor Corporation (NYSE:MX) on Tuesday, February 13. NADER TAVAKOLI bought $188,600 worth of stock. Kim Young-Joon had bought 8,888 shares worth $81,325 on Monday, February 12. The insider Lee Woung Moo bought 1,000 shares worth $9,100.

The stock of Magnachip Semiconductor Corporation Depositary Sha (NYSE:MX) registered a decrease of 18.75% in short interest. MX’s total short interest was 1.78M shares in March as published by FINRA. Its down 18.75% from 2.19M shares, reported previously. With 400,000 shares average volume, it will take short sellers 4 days to cover their MX’s short positions. The short interest to Magnachip Semiconductor Corporation Depositary Sha’s float is 6.82%.

The stock increased 1.98% or $0.2 during the last trading session, reaching $10.3. About 225,520 shares traded. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 76.77% since March 22, 2017 and is uptrending. It has outperformed by 60.07% the S&P500.

MagnaChip Semiconductor Corporation designs, makes, and sells analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive, and Internet of Things applications worldwide. The company has market cap of $352.29 million. The firm operates through two divisions, Foundry Services Group, and Standard Products Group. It has a 5.11 P/E ratio. It provides display solutions, including source and gate drivers and timing controllers that cover a wide range of flat panel displays used in ultra-high definition , high definition (HD), light emitting diode (LED), 3D and OLED televisions and displays, notebooks, and mobile communications and entertainment devices.

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 has “Buy” rating by Needham on Friday, January 13. The stock has “Buy” rating by Roth Capital on Wednesday, August 30. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) has “Buy” rating given on Wednesday, August 9 by Roth Capital. Roth Capital maintained it with “Buy” rating and $1100 target in Wednesday, June 14 report. The stock has “Buy” rating by TH Capital on Thursday, September 29. The stock has “Neutral” rating by Citigroup on Wednesday, May 10. The firm earned “Buy” rating on Thursday, July 13 by Needham. The firm has “Buy” rating given on Thursday, February 18 by Topeka Capital Markets. The company was maintained on Friday, October 30 by Topeka Capital Markets. Roth Capital maintained the stock with “Buy” rating in Sunday, July 30 report.

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