Pw Partners Capital Management Lowers stake in Magnachip Semiconductor Corp (MX)

Magnachip Semiconductor Corp (MX) : Pw Partners Capital Management reduced its stake in Magnachip Semiconductor Corp by 37.12% during the most recent quarter end. The investment management company now holds a total of 362,894 shares of Magnachip Semiconductor Corp which is valued at $2,728,963 after selling 214,228 shares in Magnachip Semiconductor Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Magnachip Semiconductor Corp makes up approximately 3.35% of Pw Partners Capital Management’s portfolio.

Other Hedge Funds, Including , Granite Investment Partners boosted its stake in MX in the latest quarter, The investment management firm added 117,152 additional shares and now holds a total of 302,065 shares of Magnachip Semiconductor Corp which is valued at $2,271,529. Magnachip Semiconductor Corp makes up approx 0.17% of Granite Investment Partners’s portfolio.Group One Trading reduced its stake in MX by selling 132,685 shares or 85.48% in the most recent quarter. The Hedge Fund company now holds 22,535 shares of MX which is valued at $169,463. Magnachip Semiconductor Corp makes up approx 0.01% of Group One Trading’s portfolio.Cypress Funds reduced its stake in MX by selling 708,414 shares or 32.07% in the most recent quarter. The Hedge Fund company now holds 1,500,700 shares of MX which is valued at $11,090,173. Magnachip Semiconductor Corp makes up approx 3.09% of Cypress Funds’s portfolio. Nine Chapters Capital Management sold out all of its stake in MX during the most recent quarter. The investment firm sold 20,100 shares of MX which is valued $148,539.

Magnachip Semiconductor Corp closed down -0.01 points or -0.12% at $8.6 with 1,24,354 shares getting traded on Thursday. Post opening the session at $8.6, the shares hit an intraday low of $8.47 and an intraday high of $8.6999 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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