Other research analysts have also recently issued reports about the stock. Citigroup cut shares of BCE from a buy rating to a neutral rating in a research report on Thursday, May 2nd. Zacks Investment Research lowered Zai Lab from a buy rating to a hold rating in a research note on Saturday, June 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $10.75.
Shares of NYSE MX opened at $10.19 on Thursday. Magnachip Semiconductor has a one year low of $5.75 and a one year high of $13.06. The company’s 50 day simple moving average is $9.60. The company has a market capitalization of $348.74 million, a PE ratio of 145.57 and a beta of 0.84.
Several large investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its stake in shares of Magnachip Semiconductor by 34.8% during the first quarter. Federated Investors Inc. PA now owns 1,025,000 shares of the semiconductor company’s stock worth $7,585,000 after buying an additional 264,800 shares during the last quarter. IndexIQ Advisors LLC bought a new stake in shares of Magnachip Semiconductor during the first quarter worth approximately $548,000. Cohen Capital Management Inc. raised its stake in shares of Magnachip Semiconductor by 26.5% during the first quarter. Cohen Capital Management Inc. now owns 340,933 shares of the semiconductor company’s stock worth $2,523,000 after buying an additional 71,509 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Magnachip Semiconductor during the first quarter worth approximately $26,000. Finally, James Investment Research Inc. bought a new stake in shares of Magnachip Semiconductor during the first quarter worth approximately $386,000. 87.64% of the stock is owned by hedge funds and other institutional investors.
Magnachip Semiconductor Company Profile
MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The company operates through two segments, Foundry Services Group and Standard Products Group.
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