Systematic exits Magnachip Semiconductor (MX) with 0% ownership

Rhea-AI Filing Summary

Magnachip Semiconductor Corp received an updated Schedule 13G indicating that institutional investor Systematic Financial Management no longer holds a reportable stake in the company. As of 12/31/2025, Systematic reports beneficial ownership of 0 shares of Magnachip common stock, representing 0.0% of the class.

The filing confirms that Systematic’s aggregate holdings in this security are now less than 5%. It also certifies that any securities referenced were acquired and held in the ordinary course of business, without the purpose or effect of changing or influencing control of Magnachip.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/11/2026 - 10:29 AM Learn about SEC filing dates

FAQ

What does the new Schedule 13G for Magnachip (MX) disclose?

The Schedule 13G shows Systematic Financial Management reports beneficial ownership of 0 Magnachip common shares, or 0.0% of the class, as of December 31, 2025. The firm also confirms its aggregate holdings are under the 5% reporting threshold for this security.

Who is the reporting person on the Magnachip (MX) Schedule 13G?

The reporting person is Systematic Financial Management, with the filing signed by Michele Egeberg, Managing Director, Compliance. The firm lists U.S. citizenship and provides its business address in Teaneck, New Jersey, consistent with an institutional investment manager’s regulatory ownership reporting.

How many Magnachip (MX) shares does Systematic Financial Management own?

Systematic Financial Management reports beneficial ownership of 0 Magnachip common shares. It lists 0 shares for sole or shared voting power and 0 shares for sole or shared dispositive power, resulting in a 0.0% ownership percentage as of December 31, 2025.

What is the significance of the ‘less than 5%’ statement for MX?

The filing states Systematic’s aggregate holdings in Magnachip are less than 5% of the outstanding common stock. Falling below 5% means the position is no longer a reportable large ownership stake under Schedule 13D/13G thresholds, reducing ongoing beneficial ownership reporting obligations.

Does Systematic aim to influence control of Magnachip (MX)?

The certification explicitly states the securities referred to were acquired and are held in the ordinary course of business, not for changing or influencing control of Magnachip. It also clarifies they are not held in connection with any control-related transaction or activist nomination activity.

What class of Magnachip (MX) securities is covered in this Schedule 13G?

The Schedule 13G covers Magnachip Semiconductor Corp’s common stock. The filing identifies the security as common stock and lists the associated CUSIP number 55933J203, which uniquely identifies this class of Magnachip’s publicly traded equity securities for ownership reporting purposes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

MAGNACHIP SEMICONDUCTOR Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

55933J203

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 55933J203

1

Names of Reporting Persons

SYSTEMATIC FINANCIAL MANAGEMENT LP

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 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: MAGNACHIP SEMICONDUCTOR Corp
(b)	Address of issuer's principal executive offices: C/O MAGNACHIP SEMICONDUCTOR, LTD., 15F, 76 JIKJI-DAERO, 436BEON-GIL, CHEONGJU-SI, KOREA, REPUBLIC OF, 04524
Item 2.
(a)	Name of person filing: Michele Egeberg, Managing Director, Compliance
(b)	Address or principal business office or, if none, residence: 300 Frank W. Burr Blvd., Glenpointe East, 7th Floor, Teaneck, NJ 07666
(c)	Citizenship: U.S.A.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 55933J203
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: 0
(b)	Percent of class: 0.00%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Although not a member of any group, Systematic confirms their aggregate holdings in this security are less than 5%.

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

SYSTEMATIC FINANCIAL MANAGEMENT LP

Signature:	Michele Egeberg
Name/Title:	Managing Director, Compliance
Date:	02/11/2026