As Magnachip Semiconductor (MX) Market Value Rose, Silverback Asset Management Has Increased Position by $2.73 Million; Citizens & Northern Lowered Stake in Home Depot (HD) by $412,553

February 15, 2018 - By Marguerite Chambers

Silverback Asset Management Llc increased its stake in Magnachip Semiconductor Corp (MX) by 79.29% based on its latest 2017Q3 regulatory filing with the SEC. Silverback Asset Management Llc bought 248,539 shares as the company’s stock rose 15.89% with the market. The hedge fund held 562,000 shares of the semiconductors company at the end of 2017Q3, valued at $6.38 million, up from 313,461 at the end of the previous reported quarter. Silverback Asset Management Llc who had been investing in Magnachip Semiconductor Corp for a number of months, seems to be bullish on the $323.09 million market cap company. The stock increased 5.00% or $0.45 during the last trading session, reaching $9.45. About 698,585 shares traded or 32.16% up from the average. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 76.77% since February 15, 2017 and is uptrending. It has outperformed by 60.07% the S&P500.

Citizens & Northern Corp decreased its stake in Home Depot Inc (HD) by 19.62% based on its latest 2017Q3 regulatory filing with the SEC. Citizens & Northern Corp sold 2,531 shares as the company’s stock rose 9.30% with the market. The institutional investor held 10,368 shares of the consumer services company at the end of 2017Q3, valued at $1.70 million, down from 12,899 at the end of the previous reported quarter. Citizens & Northern Corp who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $215.67 billion market cap company. The stock increased 0.53% or $0.97 during the last trading session, reaching $184.69. About 6.77 million shares traded or 29.52% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since February 15, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.17, from 1 in 2017Q2. It is positive, 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. Moreover, Columbus Circle Investors has 0.02% invested in MagnaChip Semiconductor Corporation (NYSE:MX). 11,078 are held by Northern Tru Corporation. D E Shaw stated it has 0.01% in MagnaChip Semiconductor Corporation (NYSE:MX). Citadel Limited Liability holds 0% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX) for 15,465 shares. Malaga Cove Cap Lc invested in 0.03% or 5,000 shares. Deutsche Bankshares Ag invested in 0% or 9,127 shares. Moreover, Grp Incorporated One Trading Lp has 0.01% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 85,386 shares. Susquehanna Intl Group Inc Llp accumulated 70,498 shares or 0% of the stock. Point72 Asset Management LP invested in 0.02% or 427,000 shares. Timpani Capital Management Ltd Liability Company invested 0.32% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Goldman Sachs Grp invested in 12,540 shares. Royal State Bank Of Canada holds 0% or 50 shares in its portfolio. Moreover, Driehaus Capital Ltd Com has 0.26% invested in MagnaChip Semiconductor Corporation (NYSE:MX). Walleye Trading Limited Com reported 15,994 shares. Connor Clark Lunn Invest Mgmt reported 0.04% stake.

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 firm earned “Buy” rating on Friday, January 13 by Needham. The rating was maintained by Topeka Capital Markets with “Buy” on Friday, August 7. Topeka Capital Markets maintained MagnaChip Semiconductor Corporation (NYSE:MX) on Friday, May 6 with “Buy” rating. The rating was maintained by Needham with “Buy” on Friday, August 4. Roth Capital maintained MagnaChip Semiconductor Corporation (NYSE:MX) rating on Wednesday, June 14. Roth Capital has “Buy” rating and $1100 target. Roth Capital initiated the shares of MX in report on Thursday, September 29 with “Buy” rating. On Thursday, July 13 the stock rating was maintained by Needham with “Buy”. Roth Capital maintained the stock with “Buy” rating in Sunday, July 30 report. The rating was maintained by Roth Capital on Wednesday, August 30 with “Buy”. TH Capital initiated MagnaChip Semiconductor Corporation (NYSE:MX) on Thursday, September 29 with “Buy” rating.

Since January 24, 2018, it had 0 insider purchases, and 3 selling transactions for $4.17 million activity. Brigade Leveraged Capital Structures Fund Ltd. sold $1.93M worth of MagnaChip Semiconductor Corporation (NYSE:MX) on Wednesday, January 24.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.19, from 0.95 in 2017Q2. It is positive, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. 33,145 were accumulated by Pacad. Page Arthur B invested 3.29% of its portfolio in The Home Depot, Inc. (NYSE:HD). Janney Montgomery Scott Lc invested in 187,512 shares. Suntrust Banks Inc owns 1.08M shares or 0.96% of their US portfolio. Dnb Asset Management As owns 0.28% invested in The Home Depot, Inc. (NYSE:HD) for 128,355 shares. Two Sigma Secs Ltd accumulated 2,740 shares. Vident Inv Advisory Lc has invested 0.03% in The Home Depot, Inc. (NYSE:HD). Caprock Group holds 0.42% or 12,186 shares. Sandy Spring National Bank stated it has 68,278 shares. Bb&T Securities Limited Co has invested 0.21% in The Home Depot, Inc. (NYSE:HD). Tower Capital Ltd Limited Liability Company (Trc) invested in 1,390 shares. American Investment Service reported 4,005 shares. Royal Bancorporation Of Canada has 0.32% invested in The Home Depot, Inc. (NYSE:HD) for 4.11M shares. The Nevada-based Whittier Of Nevada has invested 0.51% in The Home Depot, Inc. (NYSE:HD). 242,955 were accumulated by Envestnet Asset Mngmt Inc.

Citizens & Northern Corp, which manages about $131.34 million US Long portfolio, upped its stake in Verizon Communications (NYSE:VZ) by 7,451 shares to 17,261 shares, valued at $854,000 in 2017Q3, according to the filing. It also increased its holding in Nike Inc. Class B (NYSE:NKE) by 6,055 shares in the quarter, for a total of 48,247 shares, and has risen its stake in W W Grainger Inc (NYSE:GWW).

Since August 16, 2017, it had 0 insider buys, and 4 sales for $16.83 million activity. The insider Campbell Ann Marie sold $1.63 million. On Friday, December 8 the insider Carey Matt sold $7.58M.

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