How Analysts Rated Magnachip Semiconductor Corp (NYSE:MX) Last Week?

Owen Stevens
May 29, 2017

Cooper Creek Partners Management Llc holds 4.57% of its portfolio in Matrix Service Co for 294,140 shares. The firm owned 96,789 shares of the semiconductor company's stock at the end of the first quarter. TCW Group Inc. increased its stake in Cypress Semiconductor by 14.6% in the fourth quarter. Ancora Advisors LLC acquired a new stake in shares of Magnachip Semiconductor Corp during the fourth quarter valued at approximately $131,000. Moreover, Advantus Mgmt Inc has 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 39,918 shares.

Three Bays Capital Lp decreased its stake in Cypress Semiconductor Corp (CY) by 24.03% based on its latest 2016Q4 regulatory filing with the SEC. ON Semiconductor Corp. had 26 analyst reports since August 4, 2015 according to SRatingsIntel. Capstone Asset Management Co. now owns 21,801 shares of the semiconductor company's stock worth $265,000 after buying an additional 860 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its stake in Cypress Semiconductor by 49.9% in the first quarter. The current share price indicate that stock is -1.26% away from its one year high and is moving 79.25% ahead of its 52-week low. 44 funds opened positions while 112 raised stakes. The company has a market cap of $6.55 billion, a P/E ratio of 29.94 and a beta of 1.96. Company's distance from 20 day simple moving average is 3.05% and distance from 50-Day simple moving average is 1.33%. The company's 52-week range is $9.11 to $14.98. The company reported the earnings of $0.13/Share in the last quarter where the estimated EPS by analysts was $0.11/share. The semiconductor company reported $0.08 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.06. The Return on Equity (ROE) value stands at -32.7%. Revenue during that quarter was posted at $530.09M, whereas the consensus estimate was predicting $525.03M. For the outlook of the current financial quarter, Analysts think the firm will post 0.08 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, June 29th will be given a dividend of $0.11 per share. Psagot Invest House Limited holds 3 shares or 0% of its portfolio. More interesting news about Magnachip Semiconductor Corp (NYSE:MX) were released by: Seekingalpha.com and their article: "MagnaChip Semiconductor's (MX) CEO YJ Kim on Q1 2017 Results - Earnings Call ..." published on May 04, 2017 as well as Zacks.com's news article titled: "Can the Rally in Magnachip Semiconductor (MX) Shares Continue?" with publication date: May 09, 2017.

COPYRIGHT VIOLATION NOTICE: "Ameritas Investment Partners Inc". It also upped Jpmorgan Chase & Co (AMJ) stake by 175,780 shares and now owns 651,448 shares. "(CY)" was reported by Stock Observer and is owned by of Stock Observer. If you are viewing this news story on another site, it was copied illegally and republished in violation of global trademark & copyright laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/05/26/on-semiconductor-corp-on-receives-sell-rating-from-credit-suisse-group-ag-updated.html.

CY has been the subject of several recent research reports. Oz Management Lp sold 1.42 million shares as Cypress Semiconductor Corp (CY)'s stock rose 1.94%. Citigroup Inc assumed coverage on shares of Magnachip Semiconductor Corp in a research report on Wednesday, May 10th. Mizuho raised their target price on shares of ON Semiconductor Corp from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, March 13th. Goldman Sachs maintained it with "Neutral" rating and $13 target in Wednesday, October 26 report. (NASDAQ:ON), 11 have Buy rating, 1 Sell and 5 Hold. The firm has "Buy" rating by Deutsche Bank given on Tuesday, September 20. The stock of Magnachip Semiconductor Corp (NYSE:MX) earned "Buy" rating by Topeka Capital Markets on Thursday, February 18. The stock price recently experienced a 5-day gain of 7.08% with 0.43 average true range (ATR).

Earnings per share is the portion of a company's profit allocated to each outstanding share of common stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products.

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