13GD Ownership Change: Magnachip Semiconductor Corp: Cypress Funds Llc Opened Big New Position

13GD Ownership Change: Magnachip Semiconductor Corp: Cypress Funds Llc Opened Big New Position

The New Cypress Funds Llc Holding in Magnachip Semiconductor Corp

Cypress Funds Llc filed with the SEC SC 13G/A form for Magnachip Semiconductor Corp. The form can be accessed here: 000092417116000038. As reported in Cypress Funds Llc’s form, the filler as of late owns 1.20% or 417,800 shares of the Information Technology–company.

Magnachip Semiconductor Corp stake is a new one for the for the hedge fund and it was filed because of activity on October 5, 2016. We feel this shows Cypress Funds Llc’s positive view for the stock. For a hedge fund managing $356.95 million in assets and having 9+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Cypress Funds Llc’s US equities portfolio is in this sector.

Magnachip Semiconductor Corp Institutional Sentiment

Latest Security and Exchange filings show 55 investors own Magnachip Semiconductor Corp. The institutional ownership in Q3 2015 is high, at 86.86% of the outstanding shares. This is increased by 3211242 the total institutional shares. 30165638 were the shares owned by these institutional investors. In total 19 funds opened new Magnachip Semiconductor Corp stakes, 11 increased stakes. There were 16 that closed positions and 19 reduced them.

3 managers had the stock in their top Ten. Notable investors are: Pleasant Lake Partners Llc, Engaged Capital Llc, Lasry Marc..

Andrew Wallach And Jason Ader Springowl Associates Llc is an institutional investor bullish on Magnachip Semiconductor Corp, owning 140200 shares as of Q3 2015 for 3.28% of its portfolio. Don Morgan Brigade Capital Management Lp owns 2386086 shares or 1.93% of its portfolio. CA Engaged Capital Llc have 9.22% of their stock portfolio for 2438792 shares. Further, Lasry Marc reported stake worth 4.30% of its US stock portfolio. The NY Pleasant Lake Partners Llc owns 3419817 shares. Magnachip Semiconductor Corp is 11.98% of the manager’s US portfolio.

Business Profile

MagnaChip Semiconductor Corporation is a holding company, which designs and manufactures analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of things (IoT) applications. The Company provides technology platforms for analog, mixed-signal, power, high voltage, non-volatile memory and radio frequency applications. It operates through two segments: Foundry Services Group and Standard Products Group. Its Foundry Services Group provides specialty analog and mixed-signal foundry services for fabless and integrated device manufacturer semiconductor companies. Its Standard Products Group includes business lines: Display Solutions and Power Solutions. Its Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel displays. Its Power Solutions products include discrete and integrated circuit solutions for power management in consumer, communication and industrial applications.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.57, from 1.61 in 2016Q1. The ratio is negative, as 9 funds sold all Magnachip Semiconductor Corp shares owned while 14 reduced positions. 12 funds bought stakes while 12 increased positions. They now own 27.85 million shares or 3.03% less from 28.72 million shares in 2016Q1.

North Run Ltd Partnership reported 3.40 million shares or 3.17% of all its holdings. Kennedy holds 0.1% or 839,484 shares in its portfolio. The New York-based Millennium Mngmt Limited has invested 0% in Magnachip Semiconductor Corp (NYSE:MX). Moreover, Granite Investment Prtn Ltd Liability Com has 0.13% invested in Magnachip Semiconductor Corp (NYSE:MX) for 302,065 shares. Smith Moore And has invested 0.15% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Hollencrest Secs Limited Co holds 90,900 shares or 0.08% of its portfolio. Invesco Ltd last reported 138,926 shares in the company. Morgan Stanley accumulated 0% or 10,050 shares. Wells Fargo And Mn last reported 777 shares in the company. Manufacturers Life Com The, a Ontario – Canada-based fund reported 771,518 shares. Credit Suisse Ag accumulated 16,795 shares or 0% of the stock. Deutsche Savings Bank Ag has invested 0% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Group One Trading Lp holds 0% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX) for 22,535 shares. Legal General Gp Public Ltd holds 8,000 shares or 0% of its portfolio. California Pub Employees Retirement Systems accumulated 222,900 shares or 0% of the stock.

Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 1 sale for $434,548 net activity. 58,000 shares with value of $434,548 were sold by Pleasant Lake Partners LLC on Thursday, August 4.

Analysts await Magnachip Semiconductor Corp (NYSE:MX) to report earnings on November, 3.

The stock increased 2.04% or $0.17 on October 12, hitting $8.49. Magnachip Semiconductor Corp (NYSE:MX) has risen 53.53% since March 10, 2016 and is uptrending. It has outperformed by 46.01% the S&P500.

MagnaChip Semiconductor Corporation is a holding company, which creates and makes analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of things applications. The company has a market cap of $338.79 million. The Firm provides technology platforms for analog, mixed-signal, power, high voltage, non-volatile memory and radio frequency applications. It currently has negative earnings. It operates through two divisions: Foundry Services Group and Standard Products Group.

Magnachip Semiconductor Corp (NYSE:MX) Ratings Coverage

Out of 3 analysts covering MagnaChip Semi (NYSE:MX), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $14 is the highest target while $5 is the lowest. The $8 average target is -5.77% below today’s ($8.49) stock price. MagnaChip Semi has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. TH Capital initiated the stock with “Buy” rating in Thursday, September 29 report. Topeka Capital Markets maintained the shares of MX in a report on Friday, October 30 with “Buy” rating. The firm has “Buy” rating by Topeka Capital Markets given on Friday, August 7. The rating was maintained by Topeka Capital Markets with “Buy” on Friday, May 6. Roth Capital initiated the shares of MX in a report on Thursday, September 29 with “Buy” rating. The stock of Magnachip Semiconductor Corp (NYSE:MX) has “Buy” rating given on Thursday, February 18 by Topeka Capital Markets.

More important recent Magnachip Semiconductor Corp (NYSE:MX) news were published by: Prnewswire.com which released: “Himax Selects MagnaChip to Begin Volume Production On Jointly Developed Power …” on September 07, 2016, also Pehub.com published article titled: “MagnaChip Semiconductor Corp. and Engaged Capital reach settlement”, Prnewswire.com published: “MagnaChip Announces Summary Notice Of Hearing And Proposed Derivative Settlement” on June 15, 2016. More interesting news about Magnachip Semiconductor Corp (NYSE:MX) was released by: Fool.com and their article: “Why Magnachip Semiconductor Corp. Shares Temporarily Plunged Today” with publication date: March 13, 2014.

According to Zacks Investment Research, “MagnaChip Semiconductor Corporation operates as a designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. The Company operates through three key segments: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Products offered by MagnaChip through its Display Solutions segment includes source and gate drivers and timing controllers that cover a wide range of flat panel displays used in LCD, light emitting diode, or LED, and 3D televisions and displays, mobile PCs and mobile communications and entertainment devices. The Power Solutions products include discrete and integrated circuit solutions for power management in high-volume consumer applications. Semiconductor Manufacturing Services segment provides specialty analog and mixed-signal foundry services for fabless semiconductor companies. MagnaChip Semiconductor Corporation is headquartered in Chungbuk, South Korea.”

MX Company Profile

MagnaChip Semiconductor Corporation, incorporated on January 8, 2008, is a holding company, which creates and makes analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of things (IoT) applications. The Firm provides technology platforms for analog, mixed-signal, power, high voltage, non-volatile memory and radio frequency (RF) applications. The Firm operates through two divisions: Foundry Services Group and Standard Products Group. The Company’s Foundry Services Group provides specialty analog and mixed-signal foundry services for fabless and integrated device maker (IDM) semiconductor companies that primarily serve the consumer, computing, communication, industrial, automotive and IoT applications. The Company’s Standard Products Group consists of two business lines: Display Solutions and Power Solutions. The Company’s Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel displays. The Company’s Power Solutions products include discrete and integrated circuit solutions for power management in consumer, communication and industrial applications. The Company’s subsidiaries include MagnaChip Semiconductor Ltd.

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