17,477 Shares in Magnachip Semiconductor Co. (NYSE:MX) Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. bought a new position in shares of Magnachip Semiconductor Co. (NYSE:MX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 17,477 shares of the semiconductor company’s stock, valued at approximately $70,000.

Other institutional investors have also recently made changes to their positions in the company. Algert Global LLC lifted its stake in shares of Magnachip Semiconductor by 15.0% in the second quarter. Algert Global LLC now owns 18,944 shares of the semiconductor company’s stock worth $92,000 after acquiring an additional 2,470 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Magnachip Semiconductor during the 3rd quarter worth approximately $29,000. American Century Companies Inc. lifted its position in shares of Magnachip Semiconductor by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 57,173 shares of the semiconductor company’s stock worth $278,000 after purchasing an additional 6,777 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Magnachip Semiconductor by 11.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 128,554 shares of the semiconductor company’s stock valued at $600,000 after purchasing an additional 12,711 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Magnachip Semiconductor by 5.1% during the third quarter. BNP Paribas Financial Markets now owns 271,251 shares of the semiconductor company’s stock worth $1,267,000 after buying an additional 13,252 shares during the last quarter. Institutional investors own 74.26% of the company’s stock.

Analyst Upgrades and Downgrades

MX has been the topic of a number of research analyst reports. StockNews.com cut shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. Barclays upgraded Magnachip Semiconductor to a “hold” rating in a research report on Tuesday, September 10th.

Magnachip Semiconductor Price Performance

Shares of NYSE:MX opened at $4.13 on Wednesday. Magnachip Semiconductor Co. has a twelve month low of $3.56 and a twelve month high of $7.59. The stock’s 50 day moving average is $4.03 and its 200-day moving average is $4.55. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $153.65 million, a price-to-earnings ratio of -3.56 and a beta of 0.64.

Magnachip Semiconductor Company Profile

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.