XTX Topco Ltd Has $54,000 Stock Holdings in Magnachip Semiconductor Corp. (NYSE:MX)

XTX Topco Ltd cut its stake in Magnachip Semiconductor Corp. (NYSE:MX) by 56.1% during the first quarter, HoldingsChannel reports. The fund owned 15,823 shares of the semiconductor company’s stock after selling 20,204 shares during the quarter. XTX Topco Ltd’s holdings in Magnachip Semiconductor were worth $54,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MX. OneDigital Investment Advisors LLC bought a new stake in Magnachip Semiconductor in the first quarter worth $35,000. Hsbc Holdings PLC bought a new stake in Magnachip Semiconductor in the fourth quarter worth $47,000. D. E. Shaw & Co. Inc. boosted its holdings in Magnachip Semiconductor by 192.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 44,105 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 29,023 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Magnachip Semiconductor by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 123,237 shares of the semiconductor company’s stock worth $495,000 after purchasing an additional 35,008 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Magnachip Semiconductor by 279.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 49,340 shares of the semiconductor company’s stock worth $198,000 after purchasing an additional 36,347 shares in the last quarter. 74.26% of the stock is owned by institutional investors and hedge funds.

Magnachip Semiconductor Stock Down 1.3%

MX stock opened at $2.94 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.65 and a quick ratio of 3.77. Magnachip Semiconductor Corp. has a 52-week low of $2.51 and a 52-week high of $5.16. The company has a 50-day moving average of $3.77 and a two-hundred day moving average of $3.76. The stock has a market capitalization of $105.60 million, a price-to-earnings ratio of -3.16 and a beta of 0.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Needham & Company LLC decreased their price objective on shares of Magnachip Semiconductor from $6.00 to $5.50 and set a “buy” rating for the company in a report on Friday, August 1st.

About Magnachip Semiconductor

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.