Magnachip Semiconductor (NYSE:MX - Get Free Report) issued its quarterly earnings results on Monday. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.11, Zacks reports. Magnachip Semiconductor had a negative return on equity of 14.31% and a negative net margin of 20.08%. The company had revenue of $44.72 million for the quarter, compared to analyst estimates of $44.50 million. Magnachip Semiconductor updated its Q2 2025 guidance to EPS.
Magnachip Semiconductor Trading Up 4.3%
NYSE MX traded up $0.17 during trading hours on Friday, reaching $4.13. The company's stock had a trading volume of 824,323 shares, compared to its average volume of 240,856. The firm has a fifty day simple moving average of $3.31 and a 200-day simple moving average of $3.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.81 and a quick ratio of 4.09. Magnachip Semiconductor has a 52 week low of $2.51 and a 52 week high of $5.98. The stock has a market cap of $149.02 million, a P/E ratio of -3.56 and a beta of 0.77.
Wall Street Analyst Weigh In
A number of research firms have weighed in on MX. Needham & Company LLC reaffirmed a "buy" rating and set a $6.00 target price on shares of Magnachip Semiconductor in a research note on Tuesday. StockNews.com raised Magnachip Semiconductor from a "sell" rating to a "hold" rating in a report on Thursday, March 13th.
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Institutional Investors Weigh In On Magnachip Semiconductor
An institutional investor recently raised its position in Magnachip Semiconductor stock. Cubist Systematic Strategies LLC increased its holdings in Magnachip Semiconductor Co. (NYSE:MX - Free Report) by 22.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,638 shares of the semiconductor company's stock after purchasing an additional 11,298 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.17% of Magnachip Semiconductor worth $208,000 at the end of the most recent reporting period. 74.26% of the stock is owned by institutional investors and hedge funds.
About Magnachip Semiconductor
(
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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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