Young-Joon Kim Is The CEO & Director of MagnaChip Semiconductor Corporation (NYSE:MX) And They Just Picked Up 4.4% More Shares
Potential MagnaChip Semiconductor Corporation (NYSE:MX) shareholders may wish to note that the CEO & Director, Young-Joon Kim, recently bought US$115k worth of stock, paying US$11.49 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.4%.
Check out our latest analysis for MagnaChip Semiconductor
The Last 12 Months Of Insider Transactions At MagnaChip Semiconductor
In fact, the recent purchase by Young-Joon Kim was the biggest purchase of MagnaChip Semiconductor shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$12.16. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the MagnaChip Semiconductor insiders decided to buy shares at close to current prices.
In the last twelve months MagnaChip Semiconductor insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
MagnaChip Semiconductor is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does MagnaChip Semiconductor Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that MagnaChip Semiconductor insiders own about US$9.8m worth of shares (which is 2.3% of the company). We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At MagnaChip Semiconductor Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that MagnaChip Semiconductor insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing MagnaChip Semiconductor. Case in point: We've spotted 1 warning sign for MagnaChip Semiconductor you should be aware of.
But note: MagnaChip Semiconductor may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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