The CFO, EVP and Chief Accounting Officer of MagnaChip (NYSE: MX) is Buying Shares

By Carrie Williams

Today, the CFO, EVP and Chief Accounting Officer of MagnaChip (NYSE: MX), Jonathan W. Kim, bought shares of MX for $72.56K.

Following this transaction Jonathan W. Kim’s holding in the company was increased by 14.63% to a total of $592.3K. In addition to Jonathan W. Kim, 5 other MX executives reported Buy trades in the last month.

The company has a one-year high of $13.40 and a one-year low of $7.15. MX’s market cap is $307.7M and the company has a P/E ratio of 3.78. Currently, MagnaChip has an average volume of 697.4K.

Starting in January 2017, MX received 25 Buy ratings in a row. Seven different firms, including Barclays and Chardan Capital, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $4.17M worth of MX shares and purchased $342.5K worth of MX shares. The insider sentiment on MagnaChip has been negative according to 17 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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MagnaChip Semiconductor Corp. engages in the design and manufacture of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive, and Internet of Things applications. It offers technology platforms for analog, mixed-signal, power, high voltage, non-volatile memory, and Radio Frequency applications.