BNP Paribas Financial Markets Boosts Holdings in Magnachip Semiconductor Co. (NYSE:MX)

BNP Paribas Financial Markets increased its holdings in Magnachip Semiconductor Co. (NYSE:MX) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,430 shares of the semiconductor company’s stock after purchasing an additional 39,179 shares during the period. BNP Paribas Financial Markets owned 0.83% of Magnachip Semiconductor worth $1,248,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Magnachip Semiconductor during the 4th quarter valued at $32,000. Hsbc Holdings PLC purchased a new stake in Magnachip Semiconductor during the 4th quarter valued at $47,000. XTX Topco Ltd purchased a new stake in Magnachip Semiconductor during the 4th quarter valued at $145,000. Jump Financial LLC purchased a new stake in Magnachip Semiconductor during the 4th quarter valued at $152,000. Finally, Virtu Financial LLC purchased a new stake in Magnachip Semiconductor during the 4th quarter valued at $243,000. 74.26% of the stock is owned by hedge funds and other institutional investors.

Magnachip Semiconductor Stock Performance

Shares of Magnachip Semiconductor stock opened at $4.10 on Tuesday. The stock’s fifty day moving average is $3.32 and its two-hundred day moving average is $3.87. The company has a market capitalization of $147.86 million, a PE ratio of -3.53 and a beta of 0.77. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10. Magnachip Semiconductor Co. has a 52 week low of $2.51 and a 52 week high of $5.98.

Analyst Upgrades and Downgrades

MX has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $6.00 price target on shares of Magnachip Semiconductor in a report on Tuesday, May 13th. StockNews.com upgraded Magnachip Semiconductor from a “sell” rating to a “hold” rating in a report on Thursday, March 13th.

Magnachip Semiconductor Profile

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.