North Run Capital LP Has Cut Its Magnachip Semiconductor (MX) Stake as Valuation Rose; Sawgrass Asset Management Has Decreased Its Position in Microsoft Com (MSFT) by $9.55 Million

May 15, 2018 - By William Brooks

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Sawgrass Asset Management Llc decreased its stake in Microsoft Corp Com (MSFT) by 8.86% based on its latest 2017Q4 regulatory filing with the SEC. Sawgrass Asset Management Llc sold 112,395 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 1.16 million shares of the prepackaged software company at the end of 2017Q4, valued at $98.88M, down from 1.27 million at the end of the previous reported quarter. Sawgrass Asset Management Llc who had been investing in Microsoft Corp Com for a number of months, seems to be less bullish one the $753.18 billion market cap company. The stock increased 0.34% or $0.33 during the last trading session, reaching $98.03. About 15.53 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 15, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Thomas Ellis decreased its stake in Magnachip Semiconductor Corp (MX) by 8.59% based on its latest 2017Q4 regulatory filing with the SEC. North Run Capital Lp sold 106,229 shares as the company’s stock rose 3.11% while stock markets declined. The hedge fund run by Thomas Ellis held 1.13 million shares of the semiconductors company at the end of 2017Q4, valued at $11.24M, down from 1.24M at the end of the previous reported quarter. North Run Capital Lp who had been investing in Magnachip Semiconductor Corp for a number of months, seems to be less bullish one the $370.67M market cap company. The stock decreased 0.46% or $0.05 during the last trading session, reaching $10.8. About 342,347 shares traded or 1.12% up from the average. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 9.94% since May 15, 2017 and is uptrending. It has underperformed by 1.61% the S&P500.

Since January 24, 2018, it had 8 insider purchases, and 3 selling transactions for $3.55 million activity. The insider NADER TAVAKOLI bought $136,050. Shares for $53,925 were bought by Klein Randal T on Wednesday, May 2. Shares for $45,438 were bought by Kim Theodore S on Tuesday, February 13. 8,888 shares were bought by Kim Young-Joon, worth $81,325. 3,600 shares were bought by KEATING MELVIN L, worth $32,432. Brigade Leveraged Capital Structures Offshore Ltd sold $1.93M worth of stock or 149,000 shares.

Analysts await MagnaChip Semiconductor Corporation (NYSE:MX) to report earnings on August, 2. They expect $0.14 earnings per share, down 33.33% or $0.07 from last year’s $0.21 per share. MX’s profit will be $4.80 million for 19.29 P/E if the $0.14 EPS becomes a reality. After $0.04 actual earnings per share reported by MagnaChip Semiconductor Corporation for the previous quarter, Wall Street now forecasts 250.00% EPS growth.

North Run Capital Lp, which manages about $1.78B and $163.67M US Long portfolio, upped its stake in New York Reit Inc (NYSE:NYRT) by 1.00M shares to 3.63M shares, valued at $14.25 million in 2017Q4, according to the filing.

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) has “Buy” rating given on Thursday, September 29 by TH Capital. The rating was maintained by Roth Capital on Sunday, July 30 with “Buy”. As per Monday, August 7, the company rating was maintained by Citigroup. Needham maintained MagnaChip Semiconductor Corporation (NYSE:MX) on Friday, August 4 with “Buy” rating. Roth Capital maintained MagnaChip Semiconductor Corporation (NYSE:MX) on Wednesday, August 9 with “Buy” rating. The rating was maintained by Roth Capital on Wednesday, June 14 with “Buy”. The company was initiated on Wednesday, May 10 by Citigroup. As per Friday, January 13, the company rating was upgraded by Needham. Topeka Capital Markets maintained it with “Buy” rating and $5 target in Thursday, February 18 report. Topeka Capital Markets maintained MagnaChip Semiconductor Corporation (NYSE:MX) on Friday, October 30 with “Buy” rating.

More recent MagnaChip Semiconductor Corporation (NYSE:MX) news were published by: Seekingalpha.com which released: “MagnaChip’s Impressive Strategy Change Delivers” on May 02, 2018. Also Seekingalpha.com published the news titled: “MagnaChip Semiconductor’s (MX) CEO YJ Kim on Q1 2018 Results – Earnings Call Transcript” on May 01, 2018. Prnewswire.com‘s news article titled: “MagnaChip and YMC to Offer Cost Effective 0.13 micron Multiple-Time Programmable (MTP) IP Solutions” with publication date: May 14, 2018 was also an interesting one.

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.14, from 1.17 in 2017Q3. It dived, as 13 investors sold MX shares while 18 reduced holdings. 13 funds opened positions while 19 raised stakes. 25.63 million shares or 7.06% more from 23.94 million shares in 2017Q3 were reported. Menta Cap Ltd Limited Liability Company stated it has 0.08% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Ellington Management Group Limited Liability holds 0.04% or 25,200 shares. Federated Pa holds 350,000 shares or 0.01% of its portfolio. Dimensional Fund Lp stated it has 494,455 shares. Columbia Pacific Advsrs Limited invested in 12,824 shares or 0.19% of the stock. 7,551 are held by Cubist Systematic Strategies. 226,400 were reported by Gsa Ptnrs Limited Liability Partnership. 25,689 are owned by Usa Financial Portformulas. Citigroup stated it has 75,000 shares. 71,522 were reported by Invesco Ltd. Manufacturers Life The holds 621,092 shares. Barclays Pcl stated it has 2,510 shares. Silverback Asset Mngmt Limited Liability Com holds 459,713 shares or 0.87% of its portfolio. Arrowstreet Cap Limited Partnership has invested 0% in MagnaChip Semiconductor Corporation (NYSE:MX). Springowl Assoc Limited Liability holds 1.03% or 158,882 shares in its portfolio.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Investingnews.com which released: “5 Top Weekly NASDAQ Tech Stocks: Index Shifts Gear” on May 13, 2018, also Nasdaq.com with their article: “OneSoft’s Machine Learning Solutions Showcased at Microsoft-Executive Briefing Center in Brussels for EMEA Oil and …” published on May 14, 2018, Nasdaq.com published: “Microsoft Corporation Replacing Surface Pro 4s in “Flickergate” Resolution” on May 14, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Seekingalpha.com and their article: “Microsoft Building Trust Along With IoT And AI” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Analyst suggests Microsoft will buy Netflix for content access” with publication date: May 08, 2018.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 183 analyst reports since July 22, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Buy” rating and $94.0 target in Friday, October 27 report. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Market Perform” rating by William Blair on Tuesday, July 19. The rating was maintained by Nomura on Tuesday, April 19 with “Buy”. UBS maintained the stock with “Buy” rating in Monday, August 29 report. The firm earned “Hold” rating on Monday, May 16 by Canaccord Genuity. The firm has “Outperform” rating given on Wednesday, July 20 by BMO Capital Markets. Cowen & Co maintained the shares of MSFT in report on Thursday, February 1 with “Buy” rating. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Cowen & Co on Wednesday, June 14. The rating was maintained by Stifel Nicolaus on Friday, July 21 with “Buy”. Oppenheimer maintained Microsoft Corporation (NASDAQ:MSFT) rating on Friday, April 27. Oppenheimer has “Buy” rating and $11500 target.

Investors sentiment decreased to 0.77 in 2017 Q4. Its down 0.06, from 0.83 in 2017Q3. It is negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Jensen Invest Mgmt reported 5.46 million shares. Richard Bernstein Advsrs Limited Company has invested 1.19% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Alecta Pensionsforsakring Omsesidigt reported 9.50 million shares. Moreover, Longer Invs has 2.13% invested in Microsoft Corporation (NASDAQ:MSFT) for 29,830 shares. Thompson Siegel & Walmsley Limited stated it has 120,905 shares or 0.12% of all its holdings. Caxton Associate Lp owns 55,000 shares for 0.23% of their portfolio. Franklin Inc invested in 59.04M shares or 2.42% of the stock. Excalibur Mgmt accumulated 3.72% or 51,737 shares. Gam Hldgs Ag owns 432,144 shares. Cadinha & Co Ltd Limited Liability Company stated it has 1.43% in Microsoft Corporation (NASDAQ:MSFT). Macguire Cheswick And Tuttle Invest Counsel Ltd Liability owns 109,146 shares for 1.7% of their portfolio. 467,100 were accumulated by Louisiana State Employees Retirement Systems. North Star Asset Management Inc stated it has 1.15% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Lombard Odier Asset (Europe) accumulated 79,375 shares or 0.43% of the stock. Alesco Ltd Limited Liability Company reported 10,402 shares stake.

Since February 16, 2018, it had 0 insider buys, and 3 sales for $930,912 activity.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 earnings per share, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30 billion for 22.69 P/E if the $1.08 EPS becomes a reality. After $0.95 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

MagnaChip Semiconductor Corporation (NYSE:MX) Institutional Positions Chart

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