Magnachip Semiconductor (NYSE:MX - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Magnachip Semiconductor to post earnings of ($0.19) per share for the quarter. Magnachip Semiconductor has set its Q3 2024 guidance at EPS.Parties that wish to listen to the company's conference call can do so using this link.
Magnachip Semiconductor (NYSE:MX - Get Free Report) last released its earnings results on Wednesday, July 31st. The semiconductor company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.13. The business had revenue of $53.17 million during the quarter, compared to analyst estimates of $51.45 million. Magnachip Semiconductor had a negative net margin of 18.49% and a negative return on equity of 10.29%. On average, analysts expect Magnachip Semiconductor to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Magnachip Semiconductor Price Performance
Magnachip Semiconductor stock traded up $0.02 during mid-day trading on Wednesday, hitting $4.79. The company's stock had a trading volume of 79,514 shares, compared to its average volume of 276,668. The stock has a market capitalization of $183.11 million, a P/E ratio of -6.13 and a beta of 0.64. Magnachip Semiconductor has a twelve month low of $4.25 and a twelve month high of $8.16. The stock's fifty day moving average price is $4.72 and its two-hundred day moving average price is $4.90. The company has a quick ratio of 4.34, a current ratio of 5.03 and a debt-to-equity ratio of 0.09.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Barclays upgraded shares of Magnachip Semiconductor to a "hold" rating in a research report on Tuesday, September 10th. StockNews.com raised Magnachip Semiconductor from a "sell" rating to a "hold" rating in a research report on Thursday, September 26th. Finally, Needham & Company LLC dropped their price target on Magnachip Semiconductor from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st.
View Our Latest Analysis on Magnachip Semiconductor
Magnachip Semiconductor Company Profile
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Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.
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