Magnachip Semiconductor reports an amendment to a Schedule 13G disclosing that Toro 18 Holdings LLC beneficially owned 1,500,135 shares of common stock as of the close of business on March 20, 2026.
Magnachip Semiconductor reports an amendment to a Schedule 13G disclosing that Toro 18 Holdings LLC beneficially owned 1,500,135 shares of common stock as of the close of business on March 20, 2026. That stake represented approximately 4.1% of the class based on 36,440,854 shares outstanding as of March 13, 2026.
The filing states that Immersion Corporation (the sole member of Toro 18), William C. Martin (Chief Strategy Officer of Toro 18) and Eric Singer (President and CEO of Toro 18) may be deemed to beneficially own the same 1,500,135 shares through shared voting and dispositive power. Each of the Reporting Persons disclaims beneficial ownership of shares held by another Reporting Person.
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Insights
Toro 18 holds a ~4.1% stake reported via a Schedule 13G amendment.
The filing lists 1,500,135 shares beneficially owned by Toro 18 with shared voting and dispositive power attributed to Immersion, William C. Martin, and Eric Singer. The percentage is calculated from 36,440,854 shares outstanding as of March 13, 2026.
Beneficial‑ownership disclaimers are included; this preserves separate legal attribution. Subsequent filings could clarify whether the position is passive or part of coordinated group activity.
The position represents a meaningful minority stake without sole control.
The Schedule 13G/A shows shared voting and shared dispositive power of 1,500,135 shares, implying coordinated visibility but not sole voting authority. The filing references prior exhibits filed on January 2, 2025.
Market impact depends on whether Reporting Persons maintain passive investor status or later file a Schedule 13D; future amendments would change the public disclosure and governance implications.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Magnachip (MX) does Toro 18 Holdings report?
Toro 18 Holdings reports beneficial ownership of 1,500,135 shares. That stake is approximately 4.1% of the class based on 36,440,854 shares outstanding as of March 13, 2026, per the filing.
Who else is named on the Schedule 13G/A amendment?
Immersion Corporation, William C. Martin, and Eric Singer are listed. Immersion is the sole member of Toro 18; Messrs. Martin and Singer are officers of Toro 18 and may be deemed to beneficially own the Toro 18 shares.
Does the filing say who controls voting or disposition of the shares?
The filing states shared voting power and shared dispositive power of 1,500,135 shares for the Reporting Persons. It records 0 sole voting and 0 sole dispositive power on the cover information.
Is this a passive 13G filing or an active 13D situation?
This is an amendment to a Schedule 13G, which typically indicates passive reporting. The filing does not convert to a Schedule 13D here; no statement in the excerpt changes the filing classification.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
MAGNACHIP SEMICONDUCTOR Corp
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
03/20/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
TORO 18 HOLDINGS LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,500,135.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,500,135.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,135.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
IMMERSION CORP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,500,135.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,500,135.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,135.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
MARTIN WILLIAM C
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,500,135.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,500,135.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,135.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Singer Eric
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,500,135.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,500,135.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,135.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.1 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
MAGNACHIP SEMICONDUCTOR Corp
(b)
Address of issuer's principal executive offices:
Item 2.
(a)
Name of person filing:
Toro 18 Holdings LLC ("Toro 18")
Immersion Corporation ("Immersion")
William C. Martin ("Mr. Martin")
Eric Singer ("Mr. Singer")
Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
(b)
Address or principal business office or, if none, residence:
Toro 18
2999 N.E. 191st Street, Suite 610
Aventura, Florida 33180
Immersion
2999 N.E. 191st Street, Suite 610
Aventura, Florida 33180
William C. Martin
c/o Raging Capital Ventures
Ten Princeton Avenue, P.O. Box 228
Rocky Hill, New Jersey 08553
Eric Singer
2999 N.E. 191st Street, Suite 610
Aventura, Florida 33180
(c)
Citizenship:
Toro 18
Delaware
Immersion
Delaware
William C. Martin
United States
Eric Singer
United States
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of the close of business on March 20, 2026, Toro 18 beneficially owned 1,500,135 Shares.
Immersion, as the sole member of Toro 18, may be deemed to beneficially own the 1,500,135 Shares beneficially owned by Toro 18.
Mr. Martin, as the Chief Strategy Officer of Toro 18, may be deemed to beneficially own the 1,500,135 Shares beneficially owned by Toro 18.
Mr. Singer, as President and Chief Executive Officer of Toro 18, may be deemed to beneficially own the 1,500,135 Shares beneficially owned by Toro 18.
The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any Shares owned by another Reporting Person. Each of Immersion and Messrs. Martin and Singer disclaims beneficial ownership of the Shares beneficially owned by Toro 18, and the filing of this statement shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities.
(b)
Percent of class:
The following percentages are based on 36,440,854 Shares outstanding as of March 13, 2026, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 16, 2026.
As of the close of business on March 20, 2026, (i) Toro 18 directly beneficially owned approximately 4.1% of the outstanding Shares and (ii) each of Immersion and Messrs. Martin and Singer may be deemed to beneficially own approximately 4.1% of the outstanding Shares.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on January 2, 2025.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
