Lepercq De Neuflize Asset Management LLC Invests $3.22 Million in Magnachip Semiconductor Corp. $MX

Lepercq De Neuflize Asset Management LLC bought a new stake in Magnachip Semiconductor Corp. (NYSE:MX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,027,093 shares of the semiconductor company’s stock, valued at approximately $3,215,000. Magnachip Semiconductor makes up approximately 1.9% of Lepercq De Neuflize Asset Management LLC’s portfolio, making the stock its 4th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Wilshire Securities Management Inc. bought a new stake in Magnachip Semiconductor during the second quarter worth $1,834,000. Marshall Wace LLP increased its position in shares of Magnachip Semiconductor by 70.3% during the 2nd quarter. Marshall Wace LLP now owns 699,525 shares of the semiconductor company’s stock valued at $2,784,000 after purchasing an additional 288,664 shares during the last quarter. Immersion Corp raised its stake in shares of Magnachip Semiconductor by 8.2% during the 2nd quarter. Immersion Corp now owns 3,213,966 shares of the semiconductor company’s stock worth $12,792,000 after purchasing an additional 243,827 shares during the period. Orion Porfolio Solutions LLC raised its stake in shares of Magnachip Semiconductor by 94.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 321,879 shares of the semiconductor company’s stock worth $1,281,000 after purchasing an additional 156,507 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Magnachip Semiconductor by 78.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 271,381 shares of the semiconductor company’s stock worth $1,080,000 after buying an additional 119,269 shares during the last quarter. 74.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MX shares. Weiss Ratings restated a “sell (e+)” rating on shares of Magnachip Semiconductor in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.50.

Magnachip Semiconductor Price Performance

NYSE MX opened at $2.43 on Tuesday. The company has a quick ratio of 3.50, a current ratio of 4.32 and a debt-to-equity ratio of 0.15. The company has a market cap of $87.25 million, a PE ratio of -2.35 and a beta of 1.03. Magnachip Semiconductor Corp. has a 52 week low of $2.18 and a 52 week high of $5.13. The firm’s 50-day simple moving average is $2.84 and its two-hundred day simple moving average is $2.88.

About Magnachip Semiconductor

Magnachip Semiconductor Inc is a fabless semiconductor company specializing in high-performance analog and mixed-signal solutions for the display, power management and lighting markets. Its core product portfolio includes display driver ICs for LCD and OLED panels, high-voltage MOSFETs, DC-DC converters, LED driver ICs and power management devices used in consumer electronics, mobile devices, industrial equipment and automotive applications.

Founded in 2004 as a spin-off from MagnaChip, Magnachip is incorporated in the United States with design and sales offices strategically located across North America, Europe and Asia.