PDT Partners LLC Has $191,000 Holdings in Magnachip Semiconductor Co. (NYSE:MX)

PDT Partners LLC decreased its stake in shares of Magnachip Semiconductor Co. (NYSE:MX) by 12.6% in the 4th quarter, Holdings Channel reports. The fund owned 47,592 shares of the semiconductor company’s stock after selling 6,830 shares during the quarter. PDT Partners LLC’s holdings in Magnachip Semiconductor were worth $191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oddo BHF Asset Management Sas bought a new position in shares of Magnachip Semiconductor during the 3rd quarter worth approximately $1,005,000. Marshall Wace LLP boosted its holdings in Magnachip Semiconductor by 62.0% during the fourth quarter. Marshall Wace LLP now owns 230,480 shares of the semiconductor company’s stock worth $927,000 after purchasing an additional 88,223 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Magnachip Semiconductor by 61.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 165,552 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 63,175 shares in the last quarter. Virtu Financial LLC acquired a new stake in Magnachip Semiconductor in the 4th quarter valued at $243,000. Finally, Renaissance Technologies LLC lifted its position in Magnachip Semiconductor by 23.0% during the 4th quarter. Renaissance Technologies LLC now owns 237,900 shares of the semiconductor company’s stock worth $956,000 after buying an additional 44,546 shares in the last quarter. 74.26% of the stock is currently owned by institutional investors and hedge funds.

Magnachip Semiconductor Stock Up 4.7 %

Magnachip Semiconductor stock opened at $3.14 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.81 and a quick ratio of 4.09. The company’s 50-day moving average is $3.50 and its 200-day moving average is $3.97. The firm has a market capitalization of $115.81 million, a PE ratio of -2.71 and a beta of 0.74. Magnachip Semiconductor Co. has a fifty-two week low of $2.51 and a fifty-two week high of $5.98.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Magnachip Semiconductor from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 price target on shares of Magnachip Semiconductor in a research report on Thursday, March 13th.

Magnachip Semiconductor 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.