Form 4: Magnachip Semiconductor Officer Theodore Kim Increases Stake in Company
SEC Form 4 Filing
Theodore Kim, a Magnachip Semiconductor officer, recently purchased additional shares of the company's common stock.
Summary
- On March 11, 2024, Theodore Kim purchased 5,000 shares of Magnachip Semiconductor Corp common stock at a price of $5.6 per share.
- On March 12, 2024, Theodore Kim purchased an additional 2,000 shares of Magnachip Semiconductor Corp common stock at a price of $5.55 per share.
- Following these transactions, Theodore Kim directly owns 239,116 shares of Magnachip Semiconductor Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An officer buying shares can be seen as a positive sign, but it's a relatively small transaction and doesn't guarantee future success.
Positives
- An officer increasing their stake in the company may signal confidence in the company's future prospects.
Industry Context
Insider transactions are closely watched as they can provide insights into a company's prospects, although they don't always predict future performance.
Stakeholder Impact
- The increased stake of an officer could be viewed positively by shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Theodore Kim purchased 5,000 shares of common stock at $5.6 per share. |
| 03/12/2024 | Theodore Kim purchased 2,000 shares of common stock at $5.55 per share. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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