Magnachip Semiconductor Corp (NYSE:MX) Sentiment Worsened, Despite

June 15, 2018 - By reb123z

Sentiment for Magnachip Semiconductor Corp (NYSE:MX)

Magnachip Semiconductor Corp (NYSE:MX) institutional sentiment decreased to 0.66 in Q1 2018. Its down -0.37, from 1.03 in 2017Q4. The ratio is negative, as 25 funds increased and started new positions, while 38 sold and reduced holdings in Magnachip Semiconductor Corp. The funds in our partner’s database reported: 23.09 million shares, down from 25.63 million shares in 2017Q4. Also, the number of funds holding Magnachip Semiconductor Corp in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 13 Reduced: 25 Increased: 10 New Position: 15.

MagnaChip Semiconductor Corporation designs, makes, and sells analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive, and Internet of Things applications worldwide. The company has market cap of $384.17 million. The firm operates through two divisions, Foundry Services Group, and Standard Products Group. It has a 5.54 P/E ratio. It provides display solutions, including source and gate drivers and timing controllers that cover a wide range of flat panel displays used in ultra-high definition , high definition (HD), light emitting diode (LED), 3D and OLED televisions and displays, notebooks, and mobile communications and entertainment devices.

The stock decreased 0.22% or $0.02 during the last trading session, reaching $11.18. About 96,961 shares traded. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 29.07% since June 15, 2017 and is uptrending. It has outperformed by 16.50% the S&P500.

Analysts await MagnaChip Semiconductor Corporation (NYSE:MX) to report earnings on August, 2. They expect $0.14 EPS, down 33.33 % or $0.07 from last year’s $0.21 per share. MX’s profit will be $4.81 million for 19.96 P/E if the $0.14 EPS becomes a reality. After $0.04 actual EPS reported by MagnaChip Semiconductor Corporation for the previous quarter, Wall Street now forecasts 250.00 % EPS growth.

North Run Capital Lp holds 13.01% of its portfolio in MagnaChip Semiconductor Corporation for 2.45 million shares. Proxima Capital Management Llc owns 650,000 shares or 3.42% of their US portfolio. Moreover, S Squared Technology Llc has 1.56% invested in the company for 190,157 shares. The California-based Engaged Capital Llc has invested 1.54% in the stock. Brigade Capital Management Lp, a New York-based fund reported 2.96 million shares.

Since January 1, 0001, it had 8 buys, and 3 selling transactions for $3.55 million activity.

MagnaChip Semiconductor Corporation (NYSE:MX) Institutional Positions Chart

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