Stock On Watch: Magnachip Semiconductor Corp Rises A lot Today, Is Now One of The Best Performer

Stock On Watch: Magnachip Semiconductor Corp Rises A lot Today, Is Now One of The Best Performer

The stock of Magnachip Semiconductor Corp (NYSE:MX) is a huge mover today! About 788,851 shares traded hands or 176.90% up from the average. Magnachip Semiconductor Corp (NYSE:MX) has risen 59.49% since March 2, 2016 and is uptrending. It has outperformed by 51.23% the S&P500.
The move comes after 5 months positive chart setup for the $341.58 million company. It was reported on Oct, 5 by Barchart.com. We have $24.14 PT which if reached, will make NYSE:MX worth $621.68 million more.

Analysts await Magnachip Semiconductor Corp (NYSE:MX) to report earnings on November, 3.

Magnachip Semiconductor Corp (NYSE:MX) Ratings Coverage

Out of 3 analysts covering MagnaChip Semi (NYSE:MX), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. MagnaChip Semi has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Magnachip Semiconductor Corp (NYSE:MX) has “Buy” rating given on Friday, October 30 by Topeka Capital Markets. On Thursday, February 18 the stock rating was maintained by Topeka Capital Markets with “Buy”. Roth Capital initiated it with “Buy” rating and $10 target price in Thursday, September 29 report. The firm has “Buy” rating by Topeka Capital Markets given on Friday, May 6. TH Capital initiated the shares of MX in a report on Thursday, September 29 with “Buy” rating. The stock has “Buy” rating given by Topeka Capital Markets on Friday, August 7.

According to Zacks Investment Research, “MagnaChip Semiconductor Corporation operates as a designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. The Company operates through three key segments: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Products offered by MagnaChip through its Display Solutions segment includes source and gate drivers and timing controllers that cover a wide range of flat panel displays used in LCD, light emitting diode, or LED, and 3D televisions and displays, mobile PCs and mobile communications and entertainment devices. The Power Solutions products include discrete and integrated circuit solutions for power management in high-volume consumer applications. Semiconductor Manufacturing Services segment provides specialty analog and mixed-signal foundry services for fabless semiconductor companies. MagnaChip Semiconductor Corporation is headquartered in Chungbuk, South Korea.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.57, from 1.61 in 2016Q1. The ratio worsened, as 9 funds sold all Magnachip Semiconductor Corp shares owned while 14 reduced positions. 12 funds bought stakes while 12 increased positions. They now own 27.85 million shares or 3.03% less from 28.72 million shares in 2016Q1.
Moreover, California Public Employees Retirement Sys has 0% invested in Magnachip Semiconductor Corp (NYSE:MX) for 222,900 shares. The United Kingdom-based Legal General Gru Public Limited Company has invested 0% in Magnachip Semiconductor Corp (NYSE:MX). Clear Harbor Asset Mngmt Limited Liability has invested 0.01% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Capital Ww Invsts accumulated 0% or 2.36M shares. The Georgia-based Invesco Ltd has invested 0% in Magnachip Semiconductor Corp (NYSE:MX). Springowl Associate Limited Liability Corp has 106,900 shares for 4.29% of their US portfolio. Lasry Marc has invested 5.42% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Oxford Asset Management holds 0.04% or 176,358 shares in its portfolio. Connor Clark & Lunn Invest Management Limited has 447,200 shares for 0.02% of their US portfolio. Smith Moore & Communications holds 0.15% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX) for 63,130 shares. Moreover, Millennium Ltd Liability has 0% invested in Magnachip Semiconductor Corp (NYSE:MX) for 35,300 shares. Art Advsr Ltd owns 45,421 shares or 0.01% of their US portfolio. Royal Bank & Trust Of Canada has invested 0% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Morgan Stanley has invested 0% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). The Switzerland-based Credit Suisse Ag has invested 0% in Magnachip Semiconductor Corp (NYSE:MX).

Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 1 sale for $434,548 net activity. Pleasant Lake Partners LLC also sold $434,548 worth of Magnachip Semiconductor Corp (NYSE:MX) shares.

More recent Magnachip Semiconductor Corp (NYSE:MX) news were published by: Prnewswire.com which released: “MagnaChip Announces Summary Notice Of Hearing And Proposed Derivative Settlement” on June 15, 2016. Also Prnewswire.com published the news titled: “Himax Selects MagnaChip to Begin Volume Production On Jointly Developed Power …” on September 07, 2016. Pehub.com‘s news article titled: “MagnaChip Semiconductor Corp. and Engaged Capital reach settlement” with publication date: May 27, 2016 was also an interesting one.

MX Company Profile

MagnaChip Semiconductor Corporation, incorporated on January 8, 2008, is a holding company, which creates and makes analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of things (IoT) applications. The Firm provides technology platforms for analog, mixed-signal, power, high voltage, non-volatile memory and radio frequency (RF) applications. The Firm operates through two divisions: Foundry Services Group and Standard Products Group. The Company’s Foundry Services Group provides specialty analog and mixed-signal foundry services for fabless and integrated device maker (IDM) semiconductor companies that primarily serve the consumer, computing, communication, industrial, automotive and IoT applications. The Company’s Standard Products Group consists of two business lines: Display Solutions and Power Solutions. The Company’s Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel displays. The Company’s Power Solutions products include discrete and integrated circuit solutions for power management in consumer, communication and industrial applications. The Company’s subsidiaries include MagnaChip Semiconductor Ltd.

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