Oddo BHF Asset Management Sas Makes New Investment in Magnachip Semiconductor Co. (NYSE:MX)

Oddo BHF Asset Management Sas purchased a new position in Magnachip Semiconductor Co. (NYSE:MX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 215,098 shares of the semiconductor company’s stock, valued at approximately $1,005,000. Oddo BHF Asset Management Sas owned about 0.58% of Magnachip Semiconductor at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Orion Portfolio Solutions LLC increased its holdings in Magnachip Semiconductor by 11.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 128,554 shares of the semiconductor company’s stock worth $600,000 after purchasing an additional 12,711 shares during the period. Clearline Capital LP raised its holdings in shares of Magnachip Semiconductor by 7.0% in the third quarter. Clearline Capital LP now owns 1,800,755 shares of the semiconductor company’s stock valued at $8,410,000 after acquiring an additional 117,079 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Magnachip Semiconductor in the third quarter worth about $29,000. 272 Capital LP grew its holdings in Magnachip Semiconductor by 141.6% during the 3rd quarter. 272 Capital LP now owns 91,740 shares of the semiconductor company’s stock worth $428,000 after acquiring an additional 53,774 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Magnachip Semiconductor by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 271,251 shares of the semiconductor company’s stock valued at $1,267,000 after purchasing an additional 13,252 shares during the period. 74.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays raised shares of Magnachip Semiconductor to a “hold” rating in a research report on Tuesday, September 10th. StockNews.com downgraded Magnachip Semiconductor from a “hold” rating to a “sell” rating in a report on Thursday, October 31st.

Magnachip Semiconductor Stock Down 0.2 %

NYSE:MX opened at $4.02 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.09 and a current ratio of 4.81. The stock has a market capitalization of $149.56 million, a P/E ratio of -3.47 and a beta of 0.64. The company’s 50-day simple moving average is $4.28 and its 200-day simple moving average is $4.67. Magnachip Semiconductor Co. has a fifty-two week low of $3.56 and a fifty-two week high of $8.16.

Magnachip Semiconductor Profile

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.