Today’s Price Action: What Next for Magnachip Semiconductor Corp Stock After Today’s Significant Increase?

Today's Price Action: What Next for Magnachip Semiconductor Corp Stock After Today's Significant Increase?

The stock of Magnachip Semiconductor Corp (NYSE:MX) is a huge mover today! About 405,196 shares traded hands or 2.45% up from the average. Magnachip Semiconductor Corp (NYSE:MX) has risen 9.16% since April 18, 2016 and is uptrending. It has outperformed by 4.73% the S&P500.
The move comes after 5 months positive chart setup for the $238.43M company. It was reported on Nov, 18 by Barchart.com. We have $10.93 PT which if reached, will make NYSE:MX worth $197.90M more.

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 company was initiated on Thursday, September 29 by Roth Capital. Topeka Capital Markets maintained it with “Buy” rating and $14 target price in Friday, August 7 report. Topeka Capital Markets maintained it with “Buy” rating and $5 target price in Thursday, February 18 report. As per Friday, October 30, the company rating was maintained by Topeka Capital Markets. TH Capital initiated the shares of MX in a report on Thursday, September 29 with “Buy” rating. The stock of Magnachip Semiconductor Corp (NYSE:MX) has “Buy” rating given on Friday, May 6 by Topeka Capital Markets.

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 increased to 2.12 in 2016 Q2. Its up 1.08, from 1.04 in 2016Q1. The ratio increased, 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.
Brigade Cap Mgmt Lp has 1.74% invested in the company for 1.98 million shares. Art Advisors Limited Liability Corp holds 0.01% or 45,421 shares in its portfolio. Jnba Advisors reported 11,087 shares or 0.02% of all its holdings. Dimensional Fund Advisors Limited Partnership, a Texas-based fund reported 356,848 shares. Liberty Mutual Gru Asset reported 10,800 shares or 0% of all its holdings. Royal Bankshares Of Canada holds 0% or 50 shares in its portfolio. Tower Rech Ltd Liability Company (Trc) has 0% invested in the company for 5,444 shares. State Street has invested 0% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Manufacturers Life The, a Ontario – Canada-based fund reported 771,518 shares. Granite Inv Prns Llc has invested 0.13% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Lasry Marc accumulated 5.42% or 4.09 million shares. Legal General Gru Public Ltd accumulated 8,000 shares or 0% of the stock. Oxford Asset Mngmt holds 0.04% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX) for 176,358 shares. Deutsche Fincl Bank Ag has invested 0% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Pleasant Lake Ptnrs Llc has invested 25.46% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX).

Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 1 sale for $434,548 net activity. 58,000 Magnachip Semiconductor Corp (NYSE:MX) shares with value of $434,548 were sold by Pleasant Lake Partners LLC.

More notable recent Magnachip Semiconductor Corp (NYSE:MX) news were published by: Prnewswire.com which released: “MagnaChip Reports Third Quarter 2016 Financial Results” on October 27, 2016, also Prnewswire.com with their article: “MagnaChip Schedules Third Quarter 2016 Earnings Release and Conference Call” published on October 18, 2016, Pehub.com published: “MagnaChip Semiconductor Corp. and Engaged Capital reach settlement” on May 27, 2016. More interesting news about Magnachip Semiconductor Corp (NYSE:MX) were released by: Prnewswire.com and their article: “MagnaChip Announces Summary Notice Of Hearing And Proposed Derivative Settlement” published on June 15, 2016 as well as Prnewswire.com‘s news article titled: “MagnaChip Reports Second Quarter 2016 Financial Results” with publication date: August 03, 2016.

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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