Weekly Research Analysts’ Ratings Updates for Magnachip Semiconductor (MX)

A series of investigate firms have altered their ratings and cost targets for Magnachip Semiconductor (NYSE: MX):

  • 1/24/2019 – Magnachip Semiconductor was upgraded by analysts during Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.00 cost aim on a stock. 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. “
  • 1/24/2019 – Magnachip Semiconductor had a “buy” rating validated by analysts during Needham Company LLC. They now have a $10.00 cost aim on a stock. They wrote, “In and with a attention news titled, ” China, China China”, we are shortening a estimates and PT forward of gain to simulate China handset weakness, generally during a high-end, and reduce foundry sales. MX’s sum income came from Greater China, creation it exposed to density in China, privately among a Chinese foundry customers. While we sojourn certain on OLED penetration, we are obscure a underlying bottom of handset units. On a certain side, we a Power and Display segments will uncover growth, driven by new product cycles (advent of foldable phones), and augmenting direct for reward Power products, generally in a fast flourishing marketplace for electric vehicles.””
  • 1/19/2019 – Magnachip Semiconductor was downgraded by analysts during Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 1/15/2019 – Magnachip Semiconductor was upgraded by analysts during Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.25 cost aim on a stock. 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. “
  • 11/26/2018 – Magnachip Semiconductor was downgraded by analysts during ValuEngine from a “sell” rating to a “strong sell” rating.

MX stock traded adult $0.26 during midday trade on Friday, attack $6.57. The batch had a trade volume of 3,676 shares, compared to a normal volume of 152,764. The batch has a marketplace capitalization of $216.04 million, a P/E ratio of 8.64 and a beta of 0.55. Magnachip Semiconductor Corp has a 12-month low of $5.94 and a 12-month high of $13.06.

Magnachip Semiconductor (NYSE:MX) final expelled a gain formula on Tuesday, Oct 30th. The semiconductor association reported $0.32 EPS for a quarter, commanding a Thomson Reuters’ accord guess of $0.26 by $0.06. The organisation had income of $206.00 million during a quarter, compared to analysts’ expectations of $205.00 million. Magnachip Semiconductor had a net domain of 5.65% and a disastrous lapse on equity of 108.44%. Magnachip Semiconductor’s income for a entertain was adult 16.6% on a year-over-year basis. During a same duration in a prior year, a association warranted $0.28 EPS. On average, equities analysts expect that Magnachip Semiconductor Corp will post 0.44 gain per share for a stream year.

In other news, vital shareholder Brigade Capital Management, Lp bought 30,000 shares of a batch in a transaction on Wednesday, Jan 9th. The batch was purchased during an normal cost of $6.82 per share, with a sum value of $204,600.00. The squeeze was disclosed in a authorised filing with a SEC, that is permitted by the SEC website. Insiders acquired a sum of 561,000 shares of association batch valued during $3,908,000 over a final ninety days. 5.40% of a batch is owned by corporate insiders.

Several sidestep supports and other institutional investors have recently done changes to their positions in MX. Tower Research Capital LLC TRC increased a land in shares of Magnachip Semiconductor by 1,015.1% during a 3rd quarter. Tower Research Capital LLC TRC now owns 11,508 shares of a semiconductor company’s batch value $114,000 after shopping an additional 10,476 shares during a period. Dynamic Technology Lab Private Ltd acquired a new interest in Magnachip Semiconductor in a third entertain valued during about $123,000. Trexquant Investment LP acquired a new interest in Magnachip Semiconductor in a third entertain valued during about $125,000. Engineers Gate Manager LP acquired a new interest in Magnachip Semiconductor in a third entertain valued during about $206,000. Finally, Paloma Partners Management Co acquired a new interest in Magnachip Semiconductor in a second entertain valued during about $277,000. 87.58% of a batch is owned by institutional investors.

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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