NYSE:MX

Magnachip Semiconductor (MX) Stock Forecast, Price & News

$7.79

+0.05 (+0.65%)

(As of 09/22/2023 ET)

Compare

Today's Range: $7.67
▼
$7.82
50-Day Range: $7.72
▼
$9.58
52-Week Range: $7.55
▼
$11.68

Volume: 208,119 shs
Average Volume: 265,888 shs
Market Capitalization: $313.63 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $31.50

Magnachip Semiconductor MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 304.4% Upside
$31.50 Price Target
Short Interest: Healthy
1.66% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.78
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$174,924 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.88) to ($0.72) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Computer And Technology Sector

115th out of 585 stocks

Semiconductors Industry

2nd out of 4 stocks

3.3

Analyst's Opinion

Consensus Rating
Magnachip Semiconductor has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $31.50, Magnachip Semiconductor has a forecasted upside of 304.4% from its current price of $7.79.
Amount of Analyst Coverage
Magnachip Semiconductor has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.66% 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 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Magnachip Semiconductor has recently decreased by 5.53%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Magnachip Semiconductor does not currently pay a dividend.
Dividend Growth
Magnachip Semiconductor does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MX.

3.8

News and Social Media Coverage

News Sentiment
Magnachip Semiconductor has a news sentiment score of 0.78. 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 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Magnachip Semiconductor this week, compared to 1 article on an average week.
Search Interest
8 people have searched for MX on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.
MarketBeat Follows
2 people have added Magnachip Semiconductor to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magnachip Semiconductor insiders have bought more of their company's stock than they have sold. Specifically, they have bought $174,924.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.50% of the stock of Magnachip Semiconductor is held by insiders.
Percentage Held by Institutions
73.53% of the stock of Magnachip Semiconductor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Magnachip Semiconductor are expected to grow in the coming year, from ($0.88) to ($0.72) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Magnachip Semiconductor is -8.75, 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 -8.75, 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 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Magnachip Semiconductor (NYSE:MX) Stock

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, 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, notebook PCs, monitors and liquid crystal displays, and micro light-emitting diode (LED) televisions. 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-bike, photovoltaic inverter, LED lighting, and motor drive; and organic light-emitting diode display driver integrated circuits for OLED TVs. It serves consumer, computing, and industrial electronics original equipment manufacturers, original design manufacturers, and electronics manufacturing services companies, as well as subsystem designers in Korea, the Asia Pacific, the United States, Europe, and internationally. 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.

MX Price History

30 days | 90 days | 365 days | Advanced Chart

MX Stock News Headlines

September 20, 2023 | msn.com

Magnachip Semiconductor: May Be Worth Another Look - With A Major Caveat

September 19, 2023 | americanbankingnews.com

Critical Review: Magnachip Semiconductor (NYSE:MX) & LDK Solar (OTCMKTS:LDKYQ)

September 22, 2023 | Behind the Markets (Ad)

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September 12, 2023 | seekingalpha.com

Magnachip Semiconductor launches new transistors

September 6, 2023 | finance.yahoo.com

MAGNACHIP SEMICONDUCTOR CORPORATION ANNOUNCES RESIGNATION OF MEL KEATING AS A MEMBER OF THE BOARD OF DIRECTORS

August 9, 2023 | finance.yahoo.com

Magnachip Semiconductor Corporation (NYSE:MX) Q2 2023 Earnings Call Transcript

August 9, 2023 | finance.yahoo.com

Magnachip Semiconductor Second Quarter 2023 Earnings: EPS Beats Expectations

August 8, 2023 | finance.yahoo.com

Magnachip Reports Results for Second Quarter 2023 Announces New $50 Million Stock Buyback Program

September 22, 2023 | Chaikin Analytics (Ad)

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August 8, 2023 | finance.yahoo.com

Magnachip (MX) Reports Q2 Loss, Tops Revenue Estimates

August 6, 2023 | theglobeandmail.com

What To Expect From Magnachip’s (MX) Q2 Earnings

August 4, 2023 | benzinga.com

MagnaChip Semiconductor's Earnings Outlook

July 19, 2023 | finance.yahoo.com

Magnachip to Announce Second Quarter 2023 Financial Results on August 7

July 17, 2023 | finance.yahoo.com

MAGNACHIP ANNOUNCES DIRECTOR RESIGNATION

July 10, 2023 | finance.yahoo.com

Magnachip Expands Its 7th-Generation MXT LV MOSFET Line-Up for Battery Protection Circuits of Mobile Devices

July 9, 2023 | finance.yahoo.com

With 68% ownership, Magnachip Semiconductor Corporation (NYSE:MX) boasts of strong institutional backing

July 6, 2023 | msn.com

Magnachip Semiconductor Corporation Stands At A Critical Juncture

June 30, 2023 | theglobeandmail.com

Q1 Earnings Highs And Lows: Seagate Technology (NASDAQ:STX) Vs The Rest Of The Semiconductors Stocks

June 20, 2023 | finance.yahoo.com

Magnachip Announces Participation in 15th Annual CEO Investor Summit 2023

June 15, 2023 | theglobeandmail.com

Q1 Earnings Outperformers: Magnachip (NYSE:MX) And The Rest Of The Analog Semiconductors Stocks

June 12, 2023 | finance.yahoo.com

Magnachip Starts Mass Production of 40V MXT MOSFET for Automotive Energy Recovery Systems

June 11, 2023 | finance.yahoo.com

Investors in Magnachip Semiconductor (NYSE:MX) have unfortunately lost 40% over the last year

May 30, 2023 | markets.businessinsider.com

Magnachip To Spin-off Display And Power Businesses Into Separate Entities

May 30, 2023 | msn.com

Magnachip stock rises after plans to separate display, power businesses

May 30, 2023 | finance.yahoo.com

MAGNACHIP ANNOUNCES PLAN TO SEPARATE DISPLAY AND POWER BUSINESSES

May 5, 2023 | finanznachrichten.de

Magnachip Semiconductor Corporation: Magnachip Reports Results for First Quarter 2023

May 4, 2023 | theglobeandmail.com

Why Magnachip (MX) Stock Is Falling Today

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MX Company Calendar

Last Earnings: 8/07/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:MX
CUSIP: N/A
CIK: 1325702
Web: www.magnachip.com
Phone: (243) 717-7500
Fax: N/A
Employees: 897
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $31.50
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $13.00
Forecasted Upside/Downside: +309.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.89)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-8,040,000.00
Net Margins: -15.85%
Pretax Margin: -16.50%
Return on Equity: -8.06%
Return on Assets: -6.49%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.02
Quick Ratio: 5.31

Sales & Book Value

Annual Sales: $337.66 million
Price / Sales: 0.92
Cash Flow: $0.40 per share
Price / Cash Flow: 19.23
Book Value: $9.69 per share
Price / Book: 0.79

Miscellaneous

Outstanding Shares: 40,260,000
Free Float: 38,447,000
Market Cap: $309.60 million
Optionable: Optionable
Beta: 0.95

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Key Executives

Mr. Young-Joon Kim (Age 58)
CEO & Director
Comp: $2.73M

Ms. Shin Young Park (Age 42)
CFO & Chief Accounting Officer
Comp: $683.87k

Mr. Theodore S. Kim (Age 53)
Chief Compliance Officer, Exec. VP, Gen. Counsel & Sec.
Comp: $1.52M

Mr. Woung Moo Lee (Age 60)
Exec. VP and GM of Display Solutions & Worldwide Sales
Comp: $501.66k

Dr. Chan Ho Park Ph.D. (Age 59)
Gen. Mang. of Power Solutions
Comp: $636.95k

So-Yeon Jeong
Head of Investor Relations

Mr. Jk Minh
Chief of Strategic Planning

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MX Stock - Frequently Asked Questions

Should I buy or sell Magnachip Semiconductor stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnachip Semiconductor in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MX shares.
View MX analyst ratings or view top-rated stocks.
What is Magnachip Semiconductor's stock price forecast for 2023?: 2 equities research analysts have issued twelve-month price objectives for Magnachip Semiconductor's stock. Their MX share price forecasts range from $13.00 to $50.00. On average, they anticipate the company's share price to reach $31.50 in the next year. This suggests a possible upside of 309.6% from the stock's current price.
View analysts price targets for MX or view top-rated stocks among Wall Street analysts.
How have MX shares performed in 2023?: Magnachip Semiconductor's stock was trading at $9.39 at the start of the year. Since then, MX shares have decreased by 18.1% and is now trading at $7.69.
View the best growth stocks for 2023 here.
When is Magnachip Semiconductor's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MX earnings forecast.
How were Magnachip Semiconductor's earnings last quarter?: Magnachip Semiconductor Co. (NYSE:MX) released its earnings results on Monday, August, 7th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.18. The semiconductor company earned $60.98 million during the quarter, compared to analyst estimates of $60.50 million. Magnachip Semiconductor had a negative trailing twelve-month return on equity of 8.06% and a negative net margin of 15.85%.
What ETF holds Magnachip Semiconductor's stock ?: ProShares Smart Materials ETF holds 1,005 shares of MX stock, representing 0.53% of its portfolio.
What guidance has Magnachip Semiconductor issued on next quarter's earnings?: Magnachip Semiconductor issued an update on its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $59.00 million-$65.00 million, compared to the consensus revenue estimate of $73.90 million.
What is Sang Park's approval rating as Magnachip Semiconductor's CEO?: 2 employees have rated Magnachip Semiconductor Chief Executive Officer Sang Park on Glassdoor.com. Sang Park has an approval rating of 50% among the company's employees. This puts Sang Park in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Magnachip Semiconductor own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Magnachip Semiconductor investors own include Himax Technologies (HIMX), Accelerate Diagnostics (AXDX), Fluidigm (FLDM), Micron Technology (MU), Alphabet (GOOG), BIOLASE (BIOL), NVIDIA (NVDA), QUALCOMM (QCOM), Verizon Communications (VZ) and Enterprise Products Partners (EPD).
What is Magnachip Semiconductor's stock symbol?: Magnachip Semiconductor trades on the New York Stock Exchange (NYSE) under the ticker symbol "MX."
Who are Magnachip Semiconductor's major shareholders?: Magnachip Semiconductor's stock is owned by many different institutional and retail investors. Top institutional investors include Alliancebernstein L.P. (7.50%), Dimensional Fund Advisors LP (4.14%), Rubric Capital Management LP (2.40%), Quinn Opportunity Partners LLC (1.93%), State of Wisconsin Investment Board (1.87%) and Thompson Siegel & Walmsley LLC (1.65%). Insiders that own company stock include Brigade Capital Management, Lp, Brigade Leveraged Capital Stru, Gilbert E Nathan, Woung Moo Lee and Young-Joon Kim.
View institutional ownership trends.
How do I buy shares of Magnachip Semiconductor?: Shares of MX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Magnachip Semiconductor's stock price today?: One share of MX stock can currently be purchased for approximately $7.69.
How much money does Magnachip Semiconductor make?: Magnachip Semiconductor (NYSE:MX) has a market capitalization of $309.60 million and generates $337.66 million in revenue each year. The semiconductor company earns $-8,040,000.00 in net income (profit) each year or ($0.89) on an earnings per share basis.
How many employees does Magnachip Semiconductor have?: The company employs 897 workers across the globe.
How can I contact Magnachip Semiconductor?: Magnachip Semiconductor's mailing address is 1 Allee Scheffer, Luxembourg N4, L-2520. The official website for the company is www.magnachip.com. The semiconductor company can be reached via phone at (243) 717-7500 or via email at investor.relations@magnachip.com.

This page (NYSE:MX) was last updated on 9/22/2023 by MarketBeat.com Staff

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