Cypress Funds Lowers stake in Magnachip Semiconductor Corp (MX)

Magnachip Semiconductor Corp (MX) : Cypress Funds reduced its stake in Magnachip Semiconductor Corp by 32.07% during the most recent quarter end. The investment management company now holds a total of 1,500,700 shares of Magnachip Semiconductor Corp which is valued at $11,090,173 after selling 708,414 shares in Magnachip Semiconductor Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Magnachip Semiconductor Corp makes up approximately 3.09% of Cypress Funds’s portfolio.

Other Hedge Funds, Including , 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. Clear Harbor Asset Management added MX to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $75,100. Magnachip Semiconductor Corp makes up approx 0.02% of Clear Harbor Asset Management’s portfolio.California Public Employees Retirement System reduced its stake in MX by selling 14,700 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 222,900 shares of MX which is valued at $1,368,606. Smith Asset Management Group Lp added MX to its portfolio by purchasing 22,770 company shares during the most recent quarter which is valued at $131,155.Simplex Trading reduced its stake in MX by selling 1,869 shares or 93.03% in the most recent quarter. The Hedge Fund company now holds 140 shares of MX which is valued at $799.

Magnachip Semiconductor Corp closed down -0.01 points or -0.13% at $7.7 with 6,76,968 shares getting traded on Wednesday. Post opening the session at $7.7, the shares hit an intraday low of $7.58 and an intraday high of $7.84 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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