Published: Sat, July 15, 2017
Hi-Tech | By Ellis Neal

MagnaChip Semiconductor Corporation (NYSE:MX) Upgraded to "Strong-Buy" by BidaskClub


That brings Benhamou's holdings to $1,197,860 per an SEC filing yesterday. Nordea Investment Management AB boosted its stake in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. Morgan Stanley now owns 916,194 shares of the semiconductor company's stock worth $8,749,000 after buying an additional 436,509 shares during the last quarter. Marshall Wace Llp owns 0.01% invested in Lattice Semiconductor Corp (NASDAQ:LSCC) for 159,477 shares. Private Advisor Group LLC boosted its position in Cypress Semiconductor Corporation by 3.2% in the first quarter. Lazard Asset Management LLC now owns 6,810,329 shares of the semiconductor company's stock valued at $93,710,000 after buying an additional 5,453,982 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Semiconductor Manufacturing International Corporation by 28.4% in the first quarter. 1154181 shares were traded on MagnaChip Semiconductor Corporation's last session. FMR LLC raised its position in Cypress Semiconductor Corporation by 230.4% in the first quarter. It also upped Seagate Technology Plc (Put) (NASDAQ:STX) stake by 775,200 shares and now owns 1.18 million shares.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MX. Lattice Semiconductor Corp (NASDAQ:LSCC) has risen 35.73% since July 13, 2016 and is uptrending.

Cypress Semiconductor Corp. (CY) will announce its second quarter 2017 earnings on Thursday, July 27, 2017 after the USA stock markets close and will discuss the results in a conference call that day at 1:30 p.m. The firm has a 50-day moving average of $13.59 and a 200 day moving average of $13.02. Finally, Columbia Pacific Advisors LLC bought a new stake in shares of MagnaChip Semiconductor Corporation during the first quarter valued at about $382,000.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its earnings results on Thursday, April 27th. The company had revenue of $793.09 million for the quarter. Oppenheimer maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Friday, January 29 with "Outperform" rating. During the same quarter in the previous year, the company earned $0.07 earnings per share.

Cypress Semiconductor Corporati (NASDAQ:CY) has been the object of insider selling activity recently. This dividend amount will represent a yeild of $3.20. The ex-dividend date is Tuesday, June 27th. Cypress Semiconductor Corporation (CY) has $4.78B valuation. If you are accessing this report on another website, it was illegally stolen and reposted in violation of USA & global copyright and trademark laws. MagnaChip Semiconductor Corporation now has a consensus rating of "Buy" and a consensus target price of $10.69. The share price has moved forward from its 20 days moving average, trading at a distance of 1% and stays 0.28% away from its 50 days moving average. Foresters Investment Management Company Inc. purchased a new stake in shares of Cypress Semiconductor Corporation during the first quarter valued at $140,000. They set an "overweight" rating and a $17.00 price target for the company. The legal version of this news story can be read at https://sportsperspectives.com/2017/07/14/brokerages-set-magnachip-semiconductor-corporation-nysemx-price-target-at-9-94-updated.html. MagnaChip Semiconductor Corporation (NYSE:MX) presently has a 10 month price index of 1.13924. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. On December 6, 2016 Loop Capital began coverage with an initial rating of "Buy". Through this figure traders can analyze that CY show whether or not a stock now most active and standing in buying side or sell side. Insiders sold a total of 134,690 shares of company stock valued at $2,094,440 over the last ninety days. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of MagnaChip Semiconductor Corporation (NYSE:MX) traded up 0.92% during mid-day trading on Tuesday, hitting $11.00. The shares were sold at an average price of $14.01, for a total value of $89,453.85. They now have a United States dollars 24 price target on the stock. The disclosure for this sale can be found here.

Cypress Semiconductor Corporation, launched on September 26, 1986, manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

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