Magnachip Semiconductor ($MX): Potential Upside After Navitas Investment and Insider Buying

To be completely honest, I bought a few thousand shares when it was below $3 simply because it had *semiconductor* in the name and it was quite low.

Coincidentally, Navitas recently invested [$5 million into the company](https://www.magnachip.com/magnachip-announces-strategic-investment-by-navitas-semiconductor/), and the CEO has been buying up shares over the past few days:

>Magnachip Semiconductor Corp. (MX) Chief Executive Officer Lee Chae reported direct purchases of **100,000 common shares** in three transactions: 50,000 shares at $3.1700 and 30,000 shares at $3.1866 on September 23, 2026, then 20,000 shares at $3.2199 on September 24, 2026. No Rule 10b5-1 plan is reported.

It also shot up after hours today without any news that I can find. I do believe that it's going to sell off and drop a bit come Monday, but I think there's potential here.