MagnaChip Semiconductor Corporation (MX) Raised to “Buy” during Zacks Investment Research

Zacks Investment Research upgraded shares of MagnaChip Semiconductor Corporation (NYSE:MX) from a reason rating to a buy rating in a news published on Tuesday. Zacks Investment Research now has $12.00 cost aim on a semiconductor company’s stock.

According to Zacks, “MagnaChip Semiconductor Corporation operates as a engineer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. The Company operates by 3 pivotal segments: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Products offering by MagnaChip by a Display Solutions shred includes source and embankment drivers and timing controllers that cover a far-reaching operation of prosaic row displays used in LCD, light emitting diode, or LED, and 3D televisions and displays, mobile PCs and mobile communications and party devices. The Power Solutions products embody dissimilar and integrated circuit solutions for energy government in high-volume consumer applications. Semiconductor Manufacturing Services shred provides specialty analog and mixed-signal foundry services for fabless semiconductor companies. MagnaChip Semiconductor Corporation is headquartered in Chungbuk, South Korea. “

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Several other brokerages also recently weighed in on MX. BidaskClub upgraded MagnaChip Semiconductor Corporation from a reason rating to a buy rating in a investigate note on Friday, Aug 25th. ValuEngine downgraded MagnaChip Semiconductor Corporation from a reason rating to a sell rating in a investigate note on Tuesday, Oct 17th. Needham Company LLC restated a buy rating and set a $13.00 aim cost (up from $10.00) on shares of MagnaChip Semiconductor Corporation in a investigate note on Thursday, Jul 13th. Citigroup Inc. carried their aim cost on MagnaChip Semiconductor Corporation from $10.50 to $11.00 and gave a association a neutral rating in a investigate note on Monday, Aug 7th. Finally, TheStreet downgraded MagnaChip Semiconductor Corporation from a c- rating to a d rating in a investigate note on Thursday, Nov 2nd. One investment researcher has rated a batch with a sell rating, dual have reserved a reason rating and dual have given a buy rating to a stock. MagnaChip Semiconductor Corporation now has a accord rating of Hold and a accord cost aim of $12.67.

Shares of MagnaChip Semiconductor Corporation (NYSE MX) traded adult $0.05 during mid-day trade on Tuesday, reaching $12.15. The association had a trade volume of 1,113,895 shares, compared to a normal volume of 369,333. The association has a discerning ratio of 1.80, a stream ratio of 2.25 and a debt-to-equity ratio of -4.29. MagnaChip Semiconductor Corporation has a 12 month low of $5.25 and a 12 month high of $12.75.

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In other news, Director Camillo Martino purchased 10,000 shares of a firm’s batch in a transaction that occurred on Monday, Aug 14th. The batch was acquired during an normal cost of $10.25 per share, for a sum transaction of $102,500.00. Following a execution of a purchase, a executive now owns 31,916 shares of a company’s stock, valued during $327,139. The squeeze was disclosed in a request filed with a SEC, that can be accessed by this hyperlink. Also, Director Marc Lasry sole 4,088,978 shares of MagnaChip Semiconductor Corporation batch in a transaction antiquated Tuesday, Aug 15th. The batch was sole during an normal cost of $10.98, for a sum value of $44,896,978.44. The avowal for this sale can be found here. 3.80% of a batch is now owned by association insiders.

A series of vast investors have recently bought and sole shares of MX. Northern Trust Corp acquired a new position in MagnaChip Semiconductor Corporation in a second entertain value about $111,000. Highbridge Capital Management LLC bought a new position in MagnaChip Semiconductor Corporation in a initial entertain value about $127,000. Goldman Sachs Group Inc. bought a new position in MagnaChip Semiconductor Corporation in a second entertain value about $148,000. Citadel Advisors LLC carried a land in MagnaChip Semiconductor Corporation by 66.9% in a third quarter. Citadel Advisors LLC now owns 15,465 shares of a semiconductor company’s batch value $176,000 after appropriation an additional 6,197 shares during a final quarter. Finally, Dixon Hubard Feinour Brown Inc. VA bought a new position in MagnaChip Semiconductor Corporation in a third entertain value about $193,000. Institutional investors and sidestep supports possess 94.11% of a company’s stock.

MagnaChip Semiconductor Corporation Company Profile

MagnaChip Semiconductor Corporation is a engineer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides record platforms for analog, churned signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.

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