Magnachip Semiconductor Corp: Glenn W. Welling’s Engaged Capital Llc Opened Position

July 17, 2017 - By test

 Magnachip Semiconductor Corp: Glenn W. Welling's Engaged Capital Llc Opened Position

Investors sentiment decreased to 0.97 in Q4 2016. Its down 1.15, from 2.12 in 2016Q3. It is negative, as 16 investors sold Magnachip Semiconductor Corp shares while 14 reduced holdings. 13 funds opened positions while 16 raised stakes. 25.65 million shares or 8.71% less from 28.09 million shares in 2016Q3 were reported.

D E Shaw And Company, New York-based fund reported 790,344 shares. Renaissance Technology Ltd Liability owns 228,131 shares for 0% of their portfolio. Boothbay Fund Management Limited Liability Company invested 0.05% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Deutsche Savings Bank Ag invested in 0% or 19,614 shares. Legal General Gp Plc holds 8,000 shares or 0% of its portfolio. 710,498 are held by Manufacturers Life Insur The. Engaged Limited Liability Co reported 3.85 million shares stake. Silverback Asset Management Ltd Liability Corporation, North Carolina-based fund reported 30,000 shares. Fmr Lc invested 0% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Barclays Public Limited Co, a United Kingdom-based fund reported 15,522 shares. Prelude Management Limited Co holds 2,400 shares or 0% of its portfolio. California Public Employees Retirement Sys owns 206,800 shares. State Street Corporation stated it has 0% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Kennedy Capital Management holds 0.09% in Magnachip Semiconductor Corp (NYSE:MX) or 870,978 shares. Susquehanna International Group Limited Liability Partnership holds 0% or 21,932 shares in its portfolio.

Since February 15, 2017, it had 1 insider buy, and 0 insider sales for $59,560 activity. MARTINO CAMILLO bought 8,000 shares worth $59,560.

The New Glenn W. Welling’s Engaged Capital Llc Holding in Magnachip Semiconductor Corp

Engaged Capital Llc reported SC 13D/A form with the SEC for Magnachip Semiconductor Corp. Access it here: 000092189517001925. As reported by Glenn W. Welling’s Engaged Capital Llc, the filler owns 6.1% or 2,107,005 shares of the Information Technology–company.

Magnachip Semiconductor Corp stake is new for [reportingPerson]. Date of activity: July 13, 2017. This shows Glenn W. Welling’s Engaged Capital Llc’s positive view for Magnachip Semiconductor Corp. For a hedge fund managing $194.47 million in assets and having 9+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Glenn W. Welling’s Engaged Capital Llc’s portfolio is in the sector.

Magnachip Semiconductor Corp Institutional Sentiment

Filings show 55 investors own Magnachip Semiconductor Corp. The ownership in Q3 2015 is high, at 88.83 % of the outstanding shares. This is increased by 3211242. 30165638 were owned by these investors. 19 funds opened new Magnachip Semiconductor Corp stakes, 11 increased positions. There were 16 that closed positions and 19 reduced them.

3 investors had the stock in their top 10. Some are: Engaged Capital Llc, Lasry Marc, Brigade Capital Management Lp, North Run Capital Lp..

Andrew Wallach And Jason Ader Springowl Associates Llc is an investor bullish on Magnachip Semiconductor Corp, owning 140200 shares as of Q3 2015 for 3.28% of its portfolio. Don Morgan Brigade Capital Management Lp owns 2386086 shares or 1.93% of its portfolio. CA Engaged Capital Llc have 9.22% of its portfolio for 2438792 shares. Further, Lasry Marc reported stake worth 4.30% of its portfolio. The NY Pleasant Lake Partners Llc owns 3419817 shares. Magnachip Semiconductor Corp is 11.98% of its portfolio.

Business Profile

MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications. The Company has two segments: Foundry Services Group and Standard Products Group. The Company’s Foundry Services Group provides analog and mixed-signal foundry services to semiconductor companies and Integrated Device Manufacturers (IDMs) that serve consumer, computing, communication, industrial, automotive and IoT applications. The Company manufactures wafers-based on its customers’ product designs. The Company’s Standard Products Group includes its Display Solutions and Power Solutions business lines.

SEC Form 13D.

Glenn W. Welling’s Engaged Capital Llc website.

Analysts await Magnachip Semiconductor Corp (NYSE:MX) to report earnings on August, 2. They expect $-0.01 earnings per share, up 87.50 % or $0.07 from last year’s $-0.08 per share. After $-0.01 actual earnings per share reported by Magnachip Semiconductor Corp for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

It closed at $11 lastly. It is up 76.77% since July 18, 2016 and is uptrending. It has outperformed by 60.07% the S&P500.

MagnaChip Semiconductor Corporation is a designer and maker of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things applications. The company has market cap of $438.95 million. The Firm provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications. It currently has negative earnings. The Firm has two divisions: Foundry Services Group and Standard Products Group.

Magnachip Semiconductor Corp (NYSE:MX) Ratings Coverage

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi has $14 highest and $5 lowest target. $10’s average target is -9.09% below currents $11 stock price. MagnaChip Semi had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Magnachip Semiconductor Corp (NYSE:MX) has “Buy” rating given on Wednesday, June 14 by Roth Capital. On Friday, May 6 the stock rating was maintained by Topeka Capital Markets with “Buy”. The rating was maintained by Topeka Capital Markets on Friday, October 30 with “Buy”. The firm has “Buy” rating given on Thursday, September 29 by Roth Capital. Topeka Capital Markets maintained the shares of MX in report on Friday, August 7 with “Buy” rating. The stock of Magnachip Semiconductor Corp (NYSE:MX) has “Buy” rating given on Thursday, July 13 by Needham. The firm has “Buy” rating given on Friday, January 13 by Needham. As per Thursday, February 18, the company rating was maintained by Topeka Capital Markets. The stock has “Buy” rating by TH Capital on Thursday, September 29. The firm earned “Neutral” rating on Wednesday, May 10 by Citigroup.

More notable recent Magnachip Semiconductor Corp (NYSE:MX) news were published by: Electroiq.com which released: “MagnaChip and ELAN Microelectronics announce partnership” on July 17, 2017, also Fool.com with their article: “Why MagnaChip Semiconductor Corp. Stock Popped Today” published on May 04, 2017, Zacks.com published: “MagnaChip Semiconductor (MX) Catches Eye: Stock Rises 5.3% July 14, 2017” on July 12, 2017. More interesting news about Magnachip Semiconductor Corp (NYSE:MX) were released by: Prnewswire.com and their article: “MagnaChip to Offer 0.13 micron BCD Process Technology with High-Density …” published on June 19, 2017 as well as Prnewswire.com‘s news article titled: “MagnaChip Selected as Foundry Partner by ELAN Microelectronics For World’s …” with publication date: July 17, 2017.

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