Lepercq De Neuflize Asset Management LLC Has $6.87 Million Stake in Magnachip Semiconductor Corp. $MX

Lepercq De Neuflize Asset Management LLC increased its holdings in Magnachip Semiconductor Corp. (NYSE:MX) by 162.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,694,527 shares of the semiconductor company’s stock after acquiring an additional 1,667,434 shares during the period. Magnachip Semiconductor comprises 3.8% of Lepercq De Neuflize Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Lepercq De Neuflize Asset Management LLC owned 7.49% of Magnachip Semiconductor worth $6,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC acquired a new position in Magnachip Semiconductor during the 4th quarter valued at about $30,000. Sei Investments Co. purchased a new stake in shares of Magnachip Semiconductor in the second quarter worth approximately $61,000. Quadrature Capital Ltd raised its stake in shares of Magnachip Semiconductor by 57.0% in the fourth quarter. Quadrature Capital Ltd now owns 24,420 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 8,863 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Magnachip Semiconductor in the fourth quarter valued at approximately $65,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Magnachip Semiconductor in the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 74.26% of the company’s stock.

Analysts Set New Price Targets

MX has been the subject of several recent research reports. Weiss Ratings upgraded Magnachip Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Zacks Research cut Magnachip Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised shares of Magnachip Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.50.

Magnachip Semiconductor Stock Performance

Shares of Magnachip Semiconductor stock opened at $5.92 on Friday. The business’s fifty day simple moving average is $5.06 and its 200 day simple moving average is $3.61. The firm has a market capitalization of $215.72 million, a P/E ratio of -8.46 and a beta of 1.51. Magnachip Semiconductor Corp. has a 12 month low of $2.18 and a 12 month high of $9.86. The company has a current ratio of 2.37, a quick ratio of 1.91 and a debt-to-equity ratio of 0.07.

Magnachip Semiconductor (NYSE:MX) last announced its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.11. Magnachip Semiconductor had a negative return on equity of 4.68% and a negative net margin of 14.14%.The firm had revenue of $46.21 million during the quarter, compared to the consensus estimate of $46.00 million.

Magnachip Semiconductor Company Profile

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.