What Next for Magnachip Semiconductor Corporation (NYSE:MX) Stock After Decrease in Shorted Shares?

July 17, 2017 - By Vivian Currie

 What Next for Magnachip Semiconductor Corporation (NYSE:MX) Stock After Decrease in Shorted Shares?

Investors sentiment decreased to 0.97 in Q4 2016. Its down 1.15, from 2.12 in 2016Q3. It fall, as 16 investors sold Magnachip Semiconductor Corp shares while 14 reduced holdings. 13 funds opened positions while 16 raised stakes. 25.65 million shares or 8.71% less from 28.09 million shares in 2016Q3 were reported.
Two Sigma Limited Company owns 12,881 shares. Tower Rech Cap Lc (Trc) invested 0% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Hutchin Hill Capital L P invested 0.01% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Fmr holds 1.00M shares or 0% of its portfolio. Allianz Asset Mngmt Ag holds 289,005 shares or 0% of its portfolio. Goldman Sachs Grp Incorporated owns 80,873 shares for 0% of their portfolio. Liberty Mutual Group Incorporated Asset Mgmt Incorporated invested in 10,800 shares or 0% of the stock. 350,886 were reported by Oxford Asset Management. Illinois-based Group Incorporated One Trading Ltd Partnership has invested 0% in Magnachip Semiconductor Corp (NYSE:MX). 156,100 were accumulated by Bridgeway Capital Mgmt Inc. Jpmorgan Chase And Co holds 0% or 22,199 shares in its portfolio. Brigade Capital Management Limited Partnership reported 3.13M shares stake. Retail Bank Of America Corporation De holds 0% in Magnachip Semiconductor Corp (NYSE:MX) or 100 shares. Deutsche Bancshares Ag holds 19,614 shares or 0% of its portfolio. 573,532 were accumulated by Dimensional Fund Advisors Ltd Partnership.

Since February 15, 2017, it had 1 insider purchase, and 0 selling transactions for $59,560 activity. MARTINO CAMILLO bought $59,560 worth of stock or 8,000 shares.

The stock of Magnachip Semiconductor Corporation (NYSE:MX) registered a decrease of 2.51% in short interest. MX’s total short interest was 2.64M shares in July as published by FINRA. Its down 2.51% from 2.71M shares, reported previously. With 261,500 shares average volume, it will take short sellers 10 days to cover their MX’s short positions. The short interest to Magnachip Semiconductor Corporation’s float is 13.95%.

It is 0.00% or $0 reaching $11 per share. It is up 76.77% since July 17, 2016 and is uptrending. It has outperformed by 60.07% the S&P500.

MagnaChip Semiconductor Corporation is a designer and maker of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things applications. The company has market cap of $438.95 million. The Firm provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications. It currently has negative earnings. The Firm has two divisions: Foundry Services Group and Standard Products Group.

Magnachip Semiconductor Corp (NYSE:MX) Ratings Coverage

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Magnachip Semiconductor Corp (NYSE:MX) earned “Buy” rating by TH Capital on Thursday, September 29. The rating was initiated by Citigroup on Wednesday, May 10 with “Neutral”. On Friday, October 30 the stock rating was maintained by Topeka Capital Markets with “Buy”. The rating was maintained by Topeka Capital Markets on Thursday, February 18 with “Buy”. Roth Capital maintained Magnachip Semiconductor Corp (NYSE:MX) rating on Wednesday, June 14. Roth Capital has “Buy” rating and $1100 target. Topeka Capital Markets maintained the shares of MX in report on Friday, May 6 with “Buy” rating. The rating was upgraded by Needham to “Buy” on Friday, January 13. The stock has “Buy” rating by Topeka Capital Markets on Friday, August 7. The firm has “Buy” rating by Roth Capital given on Thursday, September 29. On Thursday, July 13 the stock rating was maintained by Needham with “Buy”.

More notable recent Magnachip Semiconductor Corp (NYSE:MX) news were published by: Prnewswire.com which released: “MagnaChip Schedules First Quarter 2017 Earnings Release and Conference Call” on April 17, 2017, also Fool.com with their article: “Why MagnaChip Semiconductor Corp. Stock Popped Today” published on May 04, 2017, Gurufocus.com published: “MagnaChip Selected as Foundry Partner by ELAN Microelectronics For World’s …” on July 17, 2017. More interesting news about Magnachip Semiconductor Corp (NYSE:MX) were released by: Prnewswire.com and their article: “MagnaChip to Host Its Annual Foundry Technology Symposium in Santa Clara …” published on April 10, 2017 as well as Prnewswire.com‘s news article titled: “MagnaChip to Offer 0.13 micron BCD Process Technology with High-Density …” with publication date: June 19, 2017.

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