Brigade Leveraged Capital Stru Sells 79,493 Shares of Magnachip Semiconductor Corp (NYSE:MX) Stock

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Magnachip Semiconductor Corp (NYSE:MX) major shareholder Brigade Leveraged Capital Stru sold 79,493 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $14.11, for a total transaction of $1,121,646.23. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Brigade Leveraged Capital Stru also recently made the following trade(s):

  • On Tuesday, November 12th, Brigade Leveraged Capital Stru sold 25,000 shares of Magnachip Semiconductor stock. The shares were sold at an average price of $12.50, for a total transaction of $312,500.00.
  • On Wednesday, November 6th, Brigade Leveraged Capital Stru sold 50,000 shares of Magnachip Semiconductor stock. The stock was sold at an average price of $12.78, for a total transaction of $639,000.00.
  • On Monday, November 4th, Brigade Leveraged Capital Stru sold 60,000 shares of Magnachip Semiconductor stock. The stock was sold at an average price of $12.95, for a total transaction of $777,000.00.
  • On Friday, November 1st, Brigade Leveraged Capital Stru sold 100,055 shares of Magnachip Semiconductor stock. The stock was sold at an average price of $12.89, for a total transaction of $1,289,708.95.
  • On Wednesday, October 30th, Brigade Leveraged Capital Stru sold 67,528 shares of Magnachip Semiconductor stock. The stock was sold at an average price of $12.91, for a total transaction of $871,786.48.
  • On Monday, October 28th, Brigade Leveraged Capital Stru sold 229,296 shares of Magnachip Semiconductor stock. The shares were sold at an average price of $13.29, for a total transaction of $3,047,343.84.
  • On Friday, October 25th, Brigade Leveraged Capital Stru sold 59,414 shares of Magnachip Semiconductor stock. The shares were sold at an average price of $13.02, for a total transaction of $773,570.28.
  • On Wednesday, October 23rd, Brigade Leveraged Capital Stru sold 80,528 shares of Magnachip Semiconductor stock. The shares were sold at an average price of $12.21, for a total transaction of $983,246.88.
  • On Monday, October 21st, Brigade Leveraged Capital Stru sold 98,204 shares of Magnachip Semiconductor stock. The shares were sold at an average price of $12.26, for a total transaction of $1,203,981.04.

Shares of NYSE:MX opened at $14.06 on Friday. The company has a market cap of $488.08 million, a price-to-earnings ratio of -10.04 and a beta of 0.92. The company has a 50-day moving average price of $11.89 and a 200-day moving average price of $11.23. Magnachip Semiconductor Corp has a 12 month low of $5.75 and a 12 month high of $14.58.

Magnachip Semiconductor (NYSE:MX) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. The firm had revenue of $229.70 million during the quarter, compared to the consensus estimate of $225.00 million. Magnachip Semiconductor had a negative net margin of 6.17% and a negative return on equity of 20.42%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. As a group, equities research analysts expect that Magnachip Semiconductor Corp will post 0.13 earnings per share for the current fiscal year.

MX has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Magnachip Semiconductor from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday. TheStreet upgraded shares of Magnachip Semiconductor from a “d+” rating to a “c-” rating in a research report on Monday, October 28th. Needham & Company LLC upped their price target on shares of Magnachip Semiconductor from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, ValuEngine lowered shares of Magnachip Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Magnachip Semiconductor presently has an average rating of “Buy” and an average price target of $15.00.

Several large investors have recently modified their holdings of the company. Systematic Financial Management LP bought a new position in shares of Magnachip Semiconductor during the third quarter valued at about $11,218,000. Point72 Asset Management L.P. raised its stake in shares of Magnachip Semiconductor by 38.1% during the third quarter. Point72 Asset Management L.P. now owns 696,900 shares of the semiconductor company’s stock valued at $7,067,000 after acquiring an additional 192,100 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Magnachip Semiconductor by 15.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 563,426 shares of the semiconductor company’s stock valued at $5,832,000 after acquiring an additional 75,506 shares during the last quarter. Worth Venture Partners LLC raised its stake in shares of Magnachip Semiconductor by 65.6% during the second quarter. Worth Venture Partners LLC now owns 116,000 shares of the semiconductor company’s stock valued at $1,201,000 after acquiring an additional 45,950 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Magnachip Semiconductor during the second quarter valued at about $861,000. 94.29% of the stock is owned by hedge funds and other institutional investors.

About Magnachip Semiconductor

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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