Magnachip Semiconductor Corp (NYSE:MX) Institutional Investor Sentiment
- Author: Zachary Reyes Jun 17, 2017,
Jun 17, 2017, 3:48
The company saw 11.43 million shares trade hands over the course of the day. The stock of ON Semiconductor Corp (NASDAQ:ON) has "Overweight" rating given on Monday, June 13 by Pacific Crest. It has outperformed by 26.56% the S&P500. Its down 5.64% from 242,900 shares previously. It has underperformed by 16.41% the S&P500. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Therefore 71% are positive. Mizuho maintained the stock with "Buy" rating in Tuesday, February 14 report. The rating was maintained by Needham on Friday, January 29 with "Buy". Over the trailing year, the stock is outperforming the S&P 500 by 8.07, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. The analysts, on average, are forecasting a $15.79 price target, but the stock is already up 45.77% from its recent lows. Stifel Nicolaus maintained ON Semiconductor Corp (NASDAQ:ON) rating on Tuesday, September 20. Citigroup Inc. initiated coverage on shares of MagnaChip Semiconductor Corporation in a research note on Wednesday, May 10th. The company was upgraded on Friday, August 12 by B. Riley & Co. The stock has "Equal-Weight" rating by Stephens on Thursday, June 2.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. The stock of ON Semiconductor Corp (NASDAQ:ON) has "Hold" rating given on Monday, August 17 by TheStreet.
Investors sentiment decreased to 1.17 in Q4 2016. CY has a beta of 1.98 and RSI is 43.76. Sold All: 16 Reduced: 14 Increased: 16 New Position: 13. 80 funds opened positions while 174 raised stakes. Blackrock, a New York-based fund reported 7,267 shares. The brokerage now has a $16.00 price objective on the semiconductor company's stock. Peregrine Capital Management LLC boosted its position in Cypress Semiconductor by 49.9% in the first quarter. Tower Rech Capital Limited Com (Trc) accumulated 0% or 3,194 shares. Oppenheimer & owns 25,637 shares or 0.01% of their USA portfolio. Company's distance from 20 day simple moving average is -2.17% and distance from 50-Day simple moving average is -2.77%. Granahan Inv Incorporated Ma reported 28,560 shares. (NYSE:FL). Exane Derivatives stated it has 0% of its portfolio in Foot Locker, Inc. State Street Corporation holds 0.04% or 6.06M shares in its portfolio. The New Jersey-based Prudential has invested 0% in ON Semiconductor Corp (NASDAQ:ON). 267.66 million shares or 0.08% less from 267.88 million shares in 2016Q3 were reported. Deutsche Natl Bank Ag has 128,513 shares.
A number of other large investors also recently bought and sold shares of the stock.
The company's expected revenue in the current quarter to be 1.31 Billion, seeing a projected current quarter growth of 52.4%, and per annum growth estimates over the next 5 year period of around 25%. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes.
Price to Earning P/E ratio and Forward P/E stand at 0 and 12.97 respectively. The Company's Affiliates include Acadian Asset Management LLC; Barrow, Hanley, Mewhinney & Strauss, LLC; Campbell Global, LLC; Copper Rock Capital Partners LLC; Heitman LLC; Investment Counselors of Maryland, LLC; Landmark Partners, LLC, and Thompson, Siegel & Walmsley LLC. 7,059 OM Asset Management PLC (NYSE:OMAM) shares with value of $104,912 were sold by Gibson Linda T.
Currently, the stock has a 1 Year Price Target of $16. The stock has relative volume of 1.49. 10,000 shares were sold by Rolls Paul E, worth $160,000 on Monday, June 5.
Cypress Semiconductor Corporation (NASDAQ:CY) stock reached a 1-year peak price of $14.98. ON Semiconductor Corp's Wall Street analysts see 1.27 % negative EPS growth, taking into account the $-0.79 EPS reproted in the previous quarter, The stock decreased 1.88% or $0.3 during the last trading session, reaching $15.67. Operating profit margin is positioned at -26.30%. The semiconductor company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.06.