MagnaChip Semiconductor Corporation (NYSE:MX) Given Consensus Recommendation of "Buy" by Brokerages

North Run Capital Lp acquired 57,933 shares as Caesars Acquisition Co (CACQ)'s stock rose 17.29%. That brings Benhamou's holdings to $1,197,860 per an SEC filing yesterday. Equity research analysts have forecasted the stock level. Comerica Bank boosted its stake in shares of Semiconductor Manufacturing International Corporation by 2.1% in the first quarter. The Chemung Canal Trust Company holds 38,419 shares with $4.70M value, down from 42,400 last quarter. It fall, as 35 investors sold Cypress Semiconductor Corporation shares while 93 reduced holdings. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,897 shares of the semiconductor company's stock valued at $659,000 after buying an additional 346 shares in the last quarter. Dimensional Fund Advisors LP now owns 607,785 shares of the semiconductor company's stock worth $5,804,000 after buying an additional 34,253 shares during the last quarter. Morgan Stanley raised its position in MagnaChip Semiconductor Corporation by 91.0% in the first quarter.

The counter witnessed a trading volume of 7.28 million shares versus an average volume of 6.93 million shares during last trading session. Finally, Dimensional Fund Advisors LP increased its position in MagnaChip Semiconductor Corporation by 6.0% in the first quarter. It also upped Seagate Technology Plc (Put) (NASDAQ:STX) stake by 775,200 shares and now owns 1.18 million shares.

A number of institutional investors have recently added to or reduced their stakes in the stock. Lattice Semiconductor Corp (NASDAQ:LSCC) has risen 35.73% since July 13, 2016 and is uptrending. The rating was maintained by BMO Capital Markets on Tuesday, May 23 with "Hold". Further back, their 200-Day Simple Moving Average is 36.47% difference from today's price. Rubric Capital Management LP increased its position in MagnaChip Semiconductor Corporation by 6.3% in the first quarter.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its quarterly earnings data on Thursday, April 27th.

On Semiconductor Corp (NASDAQ:ON) institutional sentiment increased to 1.04 in 2016 Q4. The company has a market cap of $372.75 million, a price-to-earnings ratio of 63.58 and a beta of -0.31. Oppenheimer maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Friday, January 29 with "Outperform" rating. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.06. After having $-0.01 EPS previously, Magnachip Semiconductor Corp's analysts see 0.00% EPS growth.

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Since March 12, 2017, it had 0 insider purchases, and 3 selling transactions for $813,603 activity. The ex-dividend date of this dividend is Tuesday, June 27th. Cypress Semiconductor Corporation (CY) has $4.78B valuation. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright laws. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/07/14/driehaus-capital-management-llc-boosts-stake-in-on-semiconductor-corporation-nasdaqon-updated.html.

Several brokerages have weighed in on CY.

BidaskClub upgraded shares of MagnaChip Semiconductor Corporation (NYSE:MX) from a buy rating to a strong-buy rating in a research note published on Thursday morning. They set an "outperform" rating and a $19.00 target price on the stock. Raymond James Financial, Inc. began coverage on shares of ON Semiconductor Corporation in a report on Friday, June 16th. The company now has a consensus rating of "Buy" and an average target price of $16.40. Needham & Company LLC restated a buy rating and issued a $13.00 price objective (up from $10.00) on shares of MagnaChip Semiconductor Corporation in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock.

To stay one step ahead we extended our research by comparing different price targets. The stock was sold at an average price of $8.90, for a total value of $105,020.00. Following the transaction, the director now directly owns 69,124 shares in the company, valued at approximately $968,427.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of MagnaChip Semiconductor Corporation (NYSE:MX) traded up 0.92% during mid-day trading on Tuesday, hitting $11.00. During the session shares stayed in the range from $8.30 to $8.15. Analysts have placed a $7.28 price target on Sprint Corporation, suggesting a -11.22% decline from recent close. The disclosure for this sale can be found here. The Firm is a well-known provider of customizable smart connectivity solutions based on its low power field programmable gate array (FPGA), video application specific standard product (ASSP), 60 gigahertz millimeter wave, and IP products to the consumer, communications, industrial, computing and automotive markets across the world.

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