Pw Partners Capital Management Exits Position in Magnachip Semiconductor Corp (MX)

Magnachip Semiconductor Corp (MX) : Pw Partners Capital Management has sold out all of its stake in Magnachip Semiconductor Corp during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 105,770 shares of Magnachip Semiconductor Corp which is valued at $565,870.

Other Hedge Funds, Including , Cypress Funds reduced its stake in MX by selling 1,007,900 shares or 67.16% in the most recent quarter. The Hedge Fund company now holds 492,800 shares of MX which is valued at $2,833,600. Magnachip Semiconductor Corp makes up approx 0.78% of Cypress Funds’s portfolio. Smith Asset Management Group Lp sold out all of its stake in MX during the most recent quarter. The investment firm sold 22,770 shares of MX which is valued $124,097.Geduld E E boosted its stake in MX in the latest quarter, The investment management firm added 40,000 additional shares and now holds a total of 50,000 shares of Magnachip Semiconductor Corp which is valued at $272,500. Magnachip Semiconductor Corp makes up approx 0.34% of Geduld E E’s portfolio.

Magnachip Semiconductor Corp opened for trading at $5.65 and hit $6.1 on the upside on Monday, eventually ending the session at $6, with a gain of 7.14% or 0.4 points. The heightened volatility saw the trading volume jump to 8,36,769 shares. Company has a market cap of $210 M.

On the company’s financial health, Magnachip Semiconductor Corp reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.03. The company had revenue of $192.30 million for the quarter, compared to analysts expectations of $183.00 million. The company’s revenue was up 24.5% compared to the same quarter last year.

Many Wall Street Analysts have commented on Magnachip Semiconductor Corp. Magnachip Semiconductor Corp was Initiated by ROTH Capital to “Buy” on Sep 29, 2016.

MagnaChip Semiconductor Corporation is a holding company which is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer computing communication industrial automotive and Internet of things (IoT) applications. The Company operates through three business lines: Display Solutions Power Solutions and Semiconductor Manufacturing Services. Its Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel display and include MagnaChip sensor products for mobile applications and industrial applications. The Company’s Power Solutions products include modules and integrated circuit solutions for power management in consumer computing communication and industrial applications. Its Semiconductor Manufacturing Services provide analog and mixed-signal foundry services mainly for fabless and certain integrated device manufacturer (IDM) semiconductor companies.

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