Brigade Capital Management Lp buys $14,852,000 stake in Magnachip Semiconductor Corp (MX)

Magnachip Semiconductor Corp (MX) : Brigade Capital Management Lp scooped up 100,000 additional shares in Magnachip Semiconductor Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,975,000 shares of Magnachip Semiconductor Corp which is valued at $14,852,000.Magnachip Semiconductor Corp makes up approximately 6.11% of Brigade Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. reduced its stake in MX by selling 5,600 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 447,200 shares of MX which is valued at $3,362,944. Magnachip Semiconductor Corp makes up approx 0.02% of Connor Clark Lunn Investment Management Ltd.’s portfolio. Dynamic Technology Lab Private Ltd sold out all of its stake in MX during the most recent quarter. The investment firm sold 32,652 shares of MX which is valued $245,543.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.Dimensional Fund Advisors Lp reduced its stake in MX by selling 94,251 shares or 20.89% in the most recent quarter. The Hedge Fund company now holds 356,848 shares of MX which is valued at $2,637,107.Oxford Asset Management boosted its stake in MX in the latest quarter, The investment management firm added 119,331 additional shares and now holds a total of 176,358 shares of Magnachip Semiconductor Corp which is valued at $1,310,340. Magnachip Semiconductor Corp makes up approx 0.05% of Oxford Asset Management’s portfolio.

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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