Magnachip Semiconductor (NYSE:MX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a investigate note released on Friday.
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 also recently released reports about a company. Needham Company LLC restated a “buy” rating and released a $10.00 cost aim on shares of Magnachip Semiconductor in a investigate note on Thursday, Jan 24th. ValuEngine downgraded Magnachip Semiconductor from a “sell” rating to a “strong sell” rating in a investigate note on Monday, Nov 26th. Citigroup reduced their cost aim on Magnachip Semiconductor from $12.00 to $9.40 and set a “neutral” rating for a association in a investigate note on Thursday, Nov 1st. Finally, TheStreet downgraded Magnachip Semiconductor from a “c” rating to a “d+” rating in a investigate note on Friday, Feb 15th. One researcher has rated a batch with a sell rating, dual have reserved a reason rating and dual have given a buy rating to a company. The association now has an normal rating of “Hold” and an normal aim cost of $10.10.
Shares of NYSE MX non-stop during $7.70 on Friday. Magnachip Semiconductor has a 12 month low of $5.75 and a 12 month high of $13.06. The association has a marketplace top of $266.59 million, a PE ratio of 11.16 and a beta of 0.35.
Magnachip Semiconductor (NYSE:MX) final released a gain formula on Thursday, Feb 14th. The semiconductor association reported $0.10 EPS for a quarter, commanding a Thomson Reuters’ accord guess of ($0.06) by $0.16. Magnachip Semiconductor had a disastrous lapse on equity of 100.34% and a disastrous net domain of 0.52%. The association had income of $179.39 million during a quarter, compared to a accord guess of $176.50 million. During a same duration in a prior year, a association posted $0.23 EPS. The firm’s income for a entertain was adult 2.8% compared to a same entertain final year. On average, investigate analysts expect that Magnachip Semiconductor will post -0.63 gain per share for a stream mercantile year.
In other news, vital shareholder Brigade Capital Management, Lp purchased 16,000 shares of Magnachip Semiconductor batch in a transaction that occurred on Friday, Dec 21st. The batch was acquired during an normal cost of $6.15 per share, for a sum transaction of $98,400.00. The transaction was disclosed in a authorised filing with a SEC, that is accessible by a SEC website. Insiders purchased a sum of 561,000 shares of association batch valued during $3,908,000 over a final 90 days. 5.40% of a batch is now owned by corporate insiders.
A series of sidestep supports and other institutional investors have recently done changes to their positions in a business. Evermore Global Advisors LLC lifted a land in Magnachip Semiconductor by 0.7% in a 4th quarter. Evermore Global Advisors LLC now owns 3,238,956 shares of a semiconductor company’s batch valued during $20,114,000 after appropriation an additional 22,200 shares in a final quarter. Morgan Stanley lifted a land in Magnachip Semiconductor by 8.6% in a 3rd quarter. Morgan Stanley now owns 1,580,730 shares of a semiconductor company’s batch valued during $15,649,000 after appropriation an additional 125,488 shares in a final quarter. Toronado Partners LLC acquired a new position in Magnachip Semiconductor in a 4th entertain valued during $7,459,000. Point72 Asset Management L.P. lifted a land in Magnachip Semiconductor by 5.8% in a 3rd quarter. Point72 Asset Management L.P. now owns 538,300 shares of a semiconductor company’s batch valued during $5,329,000 after appropriation an additional 29,300 shares in a final quarter. Finally, Millennium Management LLC lifted a land in Magnachip Semiconductor by 26.6% in a 4th quarter. Millennium Management LLC now owns 511,951 shares of a semiconductor company’s batch valued during $3,179,000 after appropriation an additional 107,725 shares in a final quarter. 89.65% of a batch is owned by sidestep supports and other institutional investors.
About Magnachip Semiconductor
MagnaChip Semiconductor Corporation, together with a subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor height solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The association operates by dual segments, Foundry Services Group and Standard Products Group.
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