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Magnachip Semiconductor (MX) Stock Price, News & Analysis

Magnachip Semiconductor logo
$3.87 +0.10 (+2.65%)
(As of 12/20/2024 05:31 PM ET)

About Magnachip Semiconductor Stock (NYSE:MX)

Key Stats

Today's Range
$3.75
$3.87
50-Day Range
$3.64
$4.92
52-Week Range
$3.56
$8.16
Volume
359,574 shs
Average Volume
286,509 shs
Market Capitalization
$143.96 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.50
Consensus Rating
Moderate Buy

Company Overview

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. The company also offers metal oxide semiconductor field-effect transistors, insulated-gate bipolar transistors, AC-DC converters, DC-DC converters, LED drivers, regulators, and power management integrated circuits for a range of devices comprising televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, and other consumer electronics, as well as for power suppliers, e-bikes, photovoltaic inverters, LED lighting, and motor drives; and OLED display driver integrated circuit products. It serves consumer, computing, communication, automotive and industrial electronics OEMs, original design manufacturers, and electronics manufacturing services companies, as well as subsystem designers in the Asia Pacific, the United States, and Europe. The company sells its products through a direct sales force, as well as through a network of agents and distributors. Magnachip Semiconductor Corporation was incorporated in 2003 and is based in Cheongju-si, South Korea.

Magnachip Semiconductor Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
54th Percentile Overall Score

MX MarketRank™: 

Magnachip Semiconductor scored higher than 54% of companies evaluated by MarketBeat, and ranked 371st out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Magnachip Semiconductor has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Magnachip Semiconductor has received no research coverage in the past 90 days.

  • Read more about Magnachip Semiconductor's stock forecast and price target.
  • Earnings Growth

    Earnings for Magnachip Semiconductor are expected to remain at ($1.22) per share in the coming year.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Magnachip Semiconductor is -3.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Magnachip Semiconductor is -3.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Magnachip Semiconductor has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.06% of the float of Magnachip Semiconductor has been sold short.
  • Short Interest Ratio / Days to Cover

    Magnachip Semiconductor has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Magnachip Semiconductor has recently increased by 4.28%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Magnachip Semiconductor does not currently pay a dividend.

  • Dividend Growth

    Magnachip Semiconductor does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.06% of the float of Magnachip Semiconductor has been sold short.
  • Short Interest Ratio / Days to Cover

    Magnachip Semiconductor has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Magnachip Semiconductor has recently increased by 4.28%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Magnachip Semiconductor has a news sentiment score of 1.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Magnachip Semiconductor this week, compared to 1 article on an average week.
  • Search Interest

    Only 8 people have searched for MX on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added Magnachip Semiconductor to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Magnachip Semiconductor insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 4.50% of the stock of Magnachip Semiconductor is held by insiders.

  • Percentage Held by Institutions

    74.26% of the stock of Magnachip Semiconductor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Magnachip Semiconductor's insider trading history.
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MX Stock News Headlines

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MX Stock Analysis - Frequently Asked Questions

Magnachip Semiconductor's stock was trading at $7.50 at the beginning of the year. Since then, MX shares have decreased by 48.4% and is now trading at $3.87.
View the best growth stocks for 2024 here
.

Magnachip Semiconductor Co. (NYSE:MX) announced its earnings results on Wednesday, February, 28th. The semiconductor company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.08. The semiconductor company earned $50.82 million during the quarter, compared to analysts' expectations of $52.45 million. Magnachip Semiconductor had a negative trailing twelve-month return on equity of 14.31% and a negative net margin of 20.08%.

Top institutional shareholders of Magnachip Semiconductor include Systematic Financial Management LP (5.64%), Clearline Capital LP (4.84%), Polunin Capital Partners Ltd (0.96%) and BNP Paribas Financial Markets (0.73%). Insiders that own company stock include Young-Joon Kim and Woung Moo Lee.
View institutional ownership trends
.

Shares of MX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Magnachip Semiconductor investors own include NVIDIA (NVDA), Himax Technologies (HIMX), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Micron Technology (MU) and Alphabet (GOOG).

Company Calendar

Last Earnings
2/28/2024
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Fax
N/A
Employees
891
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.50
High Stock Price Target
$8.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+93.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-36,620,000.00
Pretax Margin
-20.01%

Debt

Sales & Book Value

Annual Sales
$230.05 million
Book Value
$8.89 per share

Miscellaneous

Free Float
35,529,000
Market Cap
$143.96 million
Optionable
Optionable
Beta
0.64

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This page (NYSE:MX) was last updated on 12/22/2024 by MarketBeat.com Staff
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