Magnachip Semiconductor (MX) Downgraded to “Strong Sell” during Zacks Investment Research

Magnachip Semiconductor (NYSE:MX) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a investigate news expelled on Tuesday, Feb 13th.

According to Zacks, “MagnaChip Semiconductor Corporation operates as a engineer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. The Company operates by 3 pivotal segments: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Products offering by MagnaChip by a Display Solutions shred includes source and embankment drivers and timing controllers that cover a far-reaching operation of prosaic row displays used in LCD, light emitting diode, or LED, and 3D televisions and displays, mobile PCs and mobile communications and party devices. The Power Solutions products embody dissimilar and integrated circuit solutions for energy government in high-volume consumer applications. Semiconductor Manufacturing Services shred provides specialty analog and mixed-signal foundry services for fabless semiconductor companies. MagnaChip Semiconductor Corporation is headquartered in Chungbuk, South Korea. “

Other analysts have also expelled investigate reports about a company. Needham Company LLC reissued a “buy” rating and set a $15.00 cost aim on shares of Magnachip Semiconductor in a news on Thursday, Nov 2nd. ValuEngine lifted Magnachip Semiconductor from a “hold” rating to a “buy” rating in a news on Friday, Feb 2nd. Finally, TheStreet lifted Magnachip Semiconductor from a “d” rating to a “c” rating in a investigate note on Wednesday, Feb 7th. One equities investigate researcher has rated a batch with a sell rating, dual have expelled a reason rating and dual have expelled a buy rating to a stock. Magnachip Semiconductor now has a accord rating of “Hold” and an normal aim cost of $12.67.

Magnachip Semiconductor (NYSE:MX) traded down $0.05 during trade hours on Tuesday, reaching $10.15. The company’s batch had a trade volume of 240,697 shares, compared to a normal volume of 454,843. Magnachip Semiconductor has a twelve month low of $7.30 and a twelve month high of $13.40. The association has a discerning ratio of 1.86, a stream ratio of 2.39 and a debt-to-equity ratio of -7.66. The association has a marketplace capitalization of $348.87, a price-to-earnings ratio of 5.21 and a beta of 0.22.

Magnachip Semiconductor (NYSE:MX) final expelled a quarterly gain formula on Tuesday, Feb 6th. The semiconductor association reported $0.23 gain per share (EPS) for a quarter, blank a Thomson Reuters’ accord guess of $0.24 by ($0.01). Magnachip Semiconductor had a net domain of 12.50% and a disastrous lapse on equity of 45.64%. The association had income of $174.58 million for a quarter, compared to a accord guess of $174.00 million. During a same duration in a before year, a organisation posted $0.04 EPS. The business’s income for a entertain was down 1.2% on a year-over-year basis. equities analysts expect that Magnachip Semiconductor will post 0.75 gain per share for a stream year.

In other news, CEO Young-Joon Kim purchased 8,888 shares of a company’s batch in a transaction that occurred on Monday, Feb 12th. The batch was bought during an normal cost of $9.15 per share, with a sum value of $81,325.20. Following a execution of a purchase, a arch executive officer now owns 67,963 shares in a company, valued during $621,861.45. The squeeze was disclosed in a authorised filing with a Securities Exchange Commission, that is accessible during this hyperlink. Also, vital shareholder Brigade Leveraged Capital Stru sole 25,294 shares of a batch in a transaction that occurred on Friday, Jan 26th. The shares were sole during an normal cost of $12.75, for a sum value of $322,498.50. The avowal for this sale can be found here. In a final ninety days, insiders bought 20,488 shares of association batch valued during $186,321. Corporate insiders possess 3.80% of a company’s stock.

Institutional investors have recently done changes to their positions in a stock. Northern Trust Corp bought a new position in Magnachip Semiconductor during a second entertain valued during approximately $111,000. Tower Research Capital LLC TRC increased a interest in Magnachip Semiconductor by 3,798.6% during a fourth quarter. Tower Research Capital LLC TRC now owns 14,347 shares of a semiconductor company’s batch valued during $143,000 after shopping an additional 13,979 shares during a final quarter. Goldman Sachs Group Inc. bought a new position in Magnachip Semiconductor during a second entertain valued during approximately $148,000. Citadel Advisors LLC lifted a position in Magnachip Semiconductor by 66.9% during a third quarter. Citadel Advisors LLC now owns 15,465 shares of a semiconductor company’s batch valued during $176,000 after purchasing an additional 6,197 shares during a period. Finally, Dixon Hubard Feinour Brown Inc. VA purchased a new interest in Magnachip Semiconductor during a third entertain valued during approximately $193,000. 95.96% of a batch is owned by institutional investors.

Magnachip Semiconductor Company Profile

MagnaChip Semiconductor Corporation is a engineer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides record platforms for analog, churned signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.

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