Silver Capital Management LLC purchased a new position in shares of MagnaChip Semiconductor Corporation (NYSE:MX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,318 shares of the semiconductor company’s stock, valued at approximately $434,000. Silver Capital Management LLC owned 0.11% of MagnaChip Semiconductor Corporation as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp purchased a new position in shares of MagnaChip Semiconductor Corporation during the 2nd quarter worth $111,000. Goldman Sachs Group Inc. purchased a new position in shares of MagnaChip Semiconductor Corporation in the 2nd quarter worth $148,000. State Street Corp raised its position in shares of MagnaChip Semiconductor Corporation by 1.5% in the 2nd quarter. State Street Corp now owns 40,222 shares of the semiconductor company’s stock worth $394,000 after buying an additional 606 shares during the period. Granite Point Capital Management L.P. raised its position in shares of MagnaChip Semiconductor Corporation by 35.9% in the 2nd quarter. Granite Point Capital Management L.P. now owns 40,781 shares of the semiconductor company’s stock worth $400,000 after buying an additional 10,781 shares during the period. Finally, Marshall Wace North America L.P. purchased a new position in shares of MagnaChip Semiconductor Corporation in the 2nd quarter worth $427,000. 95.55% of the stock is currently owned by institutional investors.

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Several analysts recently issued reports on MX shares. Zacks Investment Research upgraded MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, November 7th. BidaskClub upgraded MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. ValuEngine downgraded MagnaChip Semiconductor Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of MagnaChip Semiconductor Corporation in a report on Friday, September 8th. Finally, Citigroup Inc. increased their price target on MagnaChip Semiconductor Corporation from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. MagnaChip Semiconductor Corporation presently has an average rating of “Hold” and a consensus target price of $12.67.

Shares of MagnaChip Semiconductor Corporation (MX) traded up $0.78 during trading on Monday, hitting $12.93. The stock had a trading volume of 593,194 shares, compared to its average volume of 396,630. The company has a debt-to-equity ratio of -4.96, a current ratio of 2.42 and a quick ratio of 1.96. MagnaChip Semiconductor Corporation has a 12 month low of $5.25 and a 12 month high of $13.05.

In other news, Director Marc Lasry sold 4,088,978 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $10.98, for a total transaction of $44,896,978.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by company insiders.

MagnaChip Semiconductor Corporation Profile

MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.

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Institutional Ownership by Quarter for MagnaChip Semiconductor Corporation (NYSE:MX)

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