Glenn W. Welling decreased its stake in Magnachip Semiconductor Corp (MX) by 35.91% based on its latest 2017Q3 regulatory filing with the SEC. Engaged Capital Llc sold 830,000 shares as the company’s stock rose 15.89% with the market. The hedge fund run by Glenn W. Welling held 1.48 million shares of the semiconductors company at the end of 2017Q3, valued at $16.81M, down from 2.31 million at the end of the previous reported quarter. Engaged Capital Llc who had been investing in Magnachip Semiconductor Corp for a number of months, seems to be less bullish one the $329.93 million market cap company. The stock decreased 1.03% or $0.1 during the last trading session, reaching $9.65. About 314,254 shares traded. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 76.77% since February 28, 2017 and is uptrending. It has outperformed by 60.07% the S&P500.
Guyasuta Investment Advisors Inc increased its stake in General Electric Co (GE) by 6.35% based on its latest 2017Q3 regulatory filing with the SEC. Guyasuta Investment Advisors Inc bought 13,000 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 217,584 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $5.26 million, up from 204,584 at the end of the previous reported quarter. Guyasuta Investment Advisors Inc who had been investing in General Electric Co for a number of months, seems to be bullish on the $125.90 billion market cap company. The stock decreased 1.02% or $0.15 during the last trading session, reaching $14.5. About 93.02 million shares traded or 7.28% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since February 28, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.
Analysts await MagnaChip Semiconductor Corporation (NYSE:MX) to report earnings on May, 2. They expect $0.06 earnings per share, up 700.00% or $0.07 from last year’s $-0.01 per share. MX’s profit will be $2.05M for 40.21 P/E if the $0.06 EPS becomes a reality. After $0.23 actual earnings per share reported by MagnaChip Semiconductor Corporation for the previous quarter, Wall Street now forecasts -73.91% negative EPS growth.
Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Friday, May 6 by Topeka Capital Markets. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Neutral” rating by Citigroup on Monday, August 7. On Wednesday, June 14 the stock rating was maintained by Roth Capital with “Buy”. Needham maintained MagnaChip Semiconductor Corporation (NYSE:MX) rating on Thursday, July 13. Needham has “Buy” rating and $1300 target. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) has “Neutral” rating given on Wednesday, May 10 by Citigroup. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Buy” rating by Roth Capital on Wednesday, August 9. The firm has “Buy” rating by Topeka Capital Markets given on Friday, October 30. The stock has “Buy” rating by Needham on Friday, August 4. The stock has “Buy” rating by Roth Capital on Wednesday, August 30. Topeka Capital Markets maintained it with “Buy” rating and $14 target in Friday, August 7 report.
Investors sentiment increased to 1.17 in Q3 2017. Its up 0.17, from 1 in 2017Q2. It increased, as 9 investors sold MX shares while 20 reduced holdings. 19 funds opened positions while 15 raised stakes. 23.94 million shares or 10.33% less from 26.70 million shares in 2017Q2 were reported. Proxima Cap Limited has 2.89% invested in MagnaChip Semiconductor Corporation (NYSE:MX). Gsa Llp invested in 0.25% or 316,900 shares. Arrowstreet LP accumulated 0.01% or 223,186 shares. Legal And General Group Public Limited Com has invested 0% in MagnaChip Semiconductor Corporation (NYSE:MX). Morgan Stanley accumulated 1.39 million shares. Moreover, Dimensional Fund Advsr LP has 0% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 494,455 shares. Renaissance Technology Lc, New York-based fund reported 293,624 shares. Menta Ltd reported 0.06% stake. Products Ltd Liability Co holds 134,800 shares. Alliancebernstein Ltd Partnership owns 0.01% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 1.42 million shares. 12,676 were accumulated by Barclays Pcl. Columbus Circle stated it has 0.02% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Millennium Ltd Company holds 31,925 shares or 0% of its portfolio. Moreover, Walleye Trading Limited Liability Co has 0% invested in MagnaChip Semiconductor Corporation (NYSE:MX). Springowl Associates Lc invested in 136,382 shares or 1.03% of the stock.
Since January 24, 2018, it had 7 insider purchases, and 3 sales for $3.61 million activity. 8,000 shares were bought by Kim Jonathan W, worth $72,598 on Tuesday, February 13. Another trade for 5,000 shares valued at $45,438 was bought by Kim Theodore S. Another trade for 1,000 shares valued at $9,100 was bought by Lee Woung Moo. 3,600 shares valued at $32,432 were bought by KEATING MELVIN L on Tuesday, February 13. Kim Young-Joon bought $81,325 worth of MagnaChip Semiconductor Corporation (NYSE:MX) on Monday, February 12. Shares for $1.93M were sold by Brigade Leveraged Capital Structures Fund Ltd..
Guyasuta Investment Advisors Inc, which manages about $984.22 million and $828.52 million US Long portfolio, decreased its stake in Bce Inc (NYSE:BCE) by 8,208 shares to 449,676 shares, valued at $21.06M in 2017Q3, according to the filing. It also reduced its holding in Packaging Corp Amer (NYSE:PKG) by 5,785 shares in the quarter, leaving it with 183,495 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).
Since January 26, 2018, it had 1 buy, and 0 insider sales for $43,446 activity.
Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. UBS initiated the stock with “Hold” rating in Tuesday, January 23 report. Cowen & Co maintained the stock with “Hold” rating in Monday, July 17 report. Deutsche Bank maintained General Electric Company (NYSE:GE) on Tuesday, November 21 with “Sell” rating. Vetr downgraded the stock to “Hold” rating in Tuesday, September 22 report. Deutsche Bank maintained the shares of GE in report on Monday, October 30 with “Sell” rating. The firm has “Focus List” rating by Credit Suisse given on Wednesday, September 16. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Wednesday, October 11. RBC Capital Markets has “Buy” rating and $27.0 target. On Tuesday, July 21 the stock rating was upgraded by TheStreet to “Buy”. The company was downgraded on Monday, October 23 by Morgan Stanley. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, October 24.
Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dived, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Capital Investors reported 7.67 million shares. 278,851 are held by Birmingham Company Al. Wealthtrust Axiom owns 216,161 shares for 1.99% of their portfolio. Bsw Wealth has 0.33% invested in General Electric Company (NYSE:GE) for 31,092 shares. Hollencrest Secs Ltd Co invested in 214,302 shares or 0.72% of the stock. Birinyi Assoc invested in 31,360 shares. Congress Asset Mngmt Ma holds 0.07% of its portfolio in General Electric Company (NYSE:GE) for 194,827 shares. 172,338 were accumulated by Harvey Ltd. Wetherby Asset Inc reported 177,360 shares or 0.64% of all its holdings. Whitnell And Co stated it has 68,359 shares or 0.72% of all its holdings. Shelter Mutual Ins reported 2.44% stake. Weik Investment Services Incorporated reported 21,700 shares. Moody Bancorp Trust Division stated it has 0.12% in General Electric Company (NYSE:GE). Vnbtrust Association holds 0.36% of its portfolio in General Electric Company (NYSE:GE) for 37,384 shares. Highland Mngmt Ltd Liability has invested 1.15% in General Electric Company (NYSE:GE).
The post Engaged Capital Cut Its Magnachip Semiconductor (MX) Position by $9.13 Million; Stock Rose; Guyasuta Investment Advisors Has Increased Position in General Electric Co (GE) by $312,000 appeared first on Stock Market News | HillCountryTimes | Get it Today.
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