MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications. The Company has two segments: Foundry Services Group and Standard Products Group. The Company's Foundry Services Group provides analog and mixed-signal foundry services to semiconductor companies and Integrated Device Manufacturers (IDMs) that serve consumer, computing, communication, industrial, automotive and IoT applications. The Company manufactures wafers-based on its customers' product designs. The Company's Standard Products Group includes its Display Solutions and Power Solutions business lines.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Semiconductor - Specialized
- Sub-Industry: N/A
- Symbol: NYSE:MX
- CUSIP: N/A
- Web: www.magnachip.com
- Market Cap: $293.11 million
- Outstanding Shares: 33,886,000
- 50 Day Moving Avg: $8.75
- 200 Day Moving Avg: $7.65
- 52 Week Range: $5.05 - $10.20
Sales & Book Value:
- Trailing P/E Ratio: 50.00
- Foreward P/E Ratio: 10.30
- P/E Growth: -2.77
- Annual Revenue: $701.57 million
- Price / Sales: 0.42
- Book Value: ($2.10) per share
- Price / Book: -4.12
- EBIDTA: $29.28 million
- Net Margins: -4.30%
- Return on Equity: -44.29%
- Return on Assets: -5.65%
- Debt-to-Equity Ratio: -3.40%
- Current Ratio: 1.60%
- Quick Ratio: 1.13%
- Average Volume: 377,466 shs.
- Beta: 0.3
- Short Ratio: 8.34
Frequently Asked Questions for Magnachip Semiconductor Corp (NYSE:MX)
What is Magnachip Semiconductor Corp's stock symbol?
Magnachip Semiconductor Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "MX."
How will Magnachip Semiconductor Corp's stock buyback program work?
Magnachip Semiconductor Corp announced that its board has initiated a share repurchase program on Friday, April 7th 2017, which authorizes the company to buyback $10,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.
How were Magnachip Semiconductor Corp's earnings last quarter?
Magnachip Semiconductor Corp (NYSE:MX) issued its earnings results on Thursday, February, 9th. The company reported $0.04 EPS for the quarter, missing the Zacks' consensus estimate of $0.07 by $0.03. The company earned $180.50 million during the quarter, compared to the consensus estimate of $180 million. Magnachip Semiconductor Corp had a negative net margin of 4.30% and a negative return on equity of 44.29%. The firm's revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. View Magnachip Semiconductor Corp's Earnings History.
Where is Magnachip Semiconductor Corp's stock going? Where will Magnachip Semiconductor Corp's stock price be in 2017?
3 brokerages have issued 12 month target prices for Magnachip Semiconductor Corp's shares. Their predictions range from $10.00 to $10.50. On average, they anticipate Magnachip Semiconductor Corp's stock price to reach $10.17 in the next twelve months. View Analyst Ratings for Magnachip Semiconductor Corp.
What are analysts saying about Magnachip Semiconductor Corp stock?
Here are some recent quotes from research analysts about Magnachip Semiconductor Corp stock:
- 1. Needham & Company LLC analysts commented, "MagnaChip published updated investor slides where the company outlined its current competitive position and highlighted achievements in 2016. The company is focusing on GM improvement – reducing scale of low GM products, profitability – large cost saving initiative, and investment in long-term growth products – targeting smartphones, LED lighting, VR, and UHD 4K TVs. Net we continue to be bullish on the name as we believe MX has good design wins in place for AMOLED in 2H17, its Foundry Service Group is improving, and the company is targeting a cost restructuring plan with cost savings of $20-27M over the next year and a half." (2/24/2017)
- 2. According to Zacks Investment Research, "MagnaChip Semiconductor Corporation operates as a designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. The Company operates through three key segments: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Products offered by MagnaChip through its Display Solutions segment includes source and gate drivers and timing controllers that cover a wide range of flat panel displays used in LCD, light emitting diode, or LED, and 3D televisions and displays, mobile PCs and mobile communications and entertainment devices. The Power Solutions products include discrete and integrated circuit solutions for power management in high-volume consumer applications. Semiconductor Manufacturing Services segment provides specialty analog and mixed-signal foundry services for fabless semiconductor companies. MagnaChip Semiconductor Corporation is headquartered in Chungbuk, South Korea. " (1/24/2017)
Who are some of Magnachip Semiconductor Corp's key competitors?
Some companies that are related to Magnachip Semiconductor Corp include Hanwha Q Cells Co Ltd -ADR (HQCL), IXYS (IXYS), Alpha and Omega Semiconductor Ltd (AOSL), NVE Corp (NVEC), Vivint Solar (VSLR), JA Solar Holdings Co. (JASO), Sigma Designs (SIGM), ReneSola (SOL), Yingli Green Energy Holding Co Ltd (YGE), Sunworks (SUNW), Altera (ALTR), ARM Holdings plc (ARMH), Linear Technology (LLTC), SolarCity Corp (SCTY), Trina Solar Limited (TSL) and Vimicro International (VIMC).
Who owns Magnachip Semiconductor Corp stock?
Magnachip Semiconductor Corp's stock is owned by many different of institutional and retail investors. Top institutional investors include North Run Capital LP (5.15%), Rubric Capital Management LP (5.11%), Evermore Global Advisors LLC (4.77%), Hood River Capital Management LLC (3.81%), Morgan Stanley (2.76%) and FMR LLC (2.75%). Company insiders that own Magnachip Semiconductor Corp stock include Camillo Martino, Engaged Capital Llc, Pleasant Lake Partners Llc and Young-Joon Kim. View Institutional Ownership Trends for Magnachip Semiconductor Corp.
Who sold Magnachip Semiconductor Corp stock? Who is selling Magnachip Semiconductor Corp stock?
Magnachip Semiconductor Corp's stock was sold by a variety of institutional investors in the last quarter, including North Run Capital LP, Kennedy Capital Management Inc., Acadian Asset Management LLC, Oxford Asset Management, FMR LLC, Hollencrest Securities LLC, Proxima Capital Management LLC and California Public Employees Retirement System. Company insiders that have sold Magnachip Semiconductor Corp stock in the last year include Engaged Capital Llc, Pleasant Lake Partners Llc and Young-Joon Kim. View Insider Buying and Selling for Magnachip Semiconductor Corp.
Who bought Magnachip Semiconductor Corp stock? Who is buying Magnachip Semiconductor Corp stock?
Magnachip Semiconductor Corp's stock was bought by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, Hood River Capital Management LLC, Morgan Stanley, Driehaus Capital Management LLC, Mckinley Capital Management LLC Delaware, Renaissance Technologies LLC, Rubric Capital Management LP and Columbus Circle Investors. View Insider Buying and Selling for Magnachip Semiconductor Corp.
How do I buy Magnachip Semiconductor Corp stock?
Shares of Magnachip Semiconductor Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Magnachip Semiconductor Corp stock cost?
One share of Magnachip Semiconductor Corp stock can currently be purchased for approximately $8.65.
Earnings History for Magnachip Semiconductor Corp (NYSE:MX)Earnings History by Quarter for Magnachip Semiconductor Corp (NYSE:MX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/9/2017||Q416||$0.07||$0.04||$180.00 million||$180.50 million||View||Listen|
|10/27/2016||Q316||($0.08)||($0.04)||$183.00 million||$192.30 million||View||Listen|
|2/17/2016||Q415||($0.48)||$0.15||$148.75 million||$152.40 million||View||Listen|
|10/29/2015||Q315||($0.33)||($0.30)||$150.00 million||$154.40 million||View||Listen|
|8/6/2015||Q215||($0.40)||($0.32)||$160.10 million||$162.00 million||View||Listen|
|5/28/2015||Q413||($0.52)||($0.38)||$179.55 million||$164.90 million||View||Listen|
|10/29/2013||Q313||$0.71||$0.76||$219.70 million||$217.82 million||View||Listen|
|7/30/2013||Q2 2013||$0.59||$0.71||$214.91 million||$215.30 million||View||Listen|
|4/30/2013||Q1 2013||$0.47||$0.53||$204.92 million||$205.30 million||View||Listen|
|1/30/2013||Q4 2012||$0.71||$0.77||$218.71 million||$218.10 million||View||Listen|
|11/1/2012||Q312||$0.61||$0.81||$221.43 million||$221.90 million||View||N/A|
Earnings Estimates for Magnachip Semiconductor Corp (NYSE:MX)
2017 EPS Consensus Estimate: ($0.18)
2018 EPS Consensus Estimate: $0.70
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Magnachip Semiconductor Corp (NYSE:MX)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Magnachip Semiconductor Corp (NYSE:MX)
Insider Ownership Percentage: 4.20%Insider Trades by Quarter for Magnachip Semiconductor Corp (NYSE:MX)
Institutional Ownership Percentage: 81.64%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/4/2017||Young-Joon Kim||Insider||Sell||11,800||$8.90||$105,020.00|| |
|2/15/2017||Camillo Martino||Director||Buy||8,000||$7.45||$59,600.00|| |
|1/11/2017||Engaged Capital Llc||Insider||Sell||400,000||$6.35||$2,540,000.00|| |
|8/4/2016||Pleasant Lake Partners Llc||Major Shareholder||Sell||58,000||$7.49||$434,420.00|| |
|9/13/2013||Special Situations Fund Avenue||Director||Sell||1,700,000||$21.00||$35,700,000.00|| |
|8/21/2013||John Mcfarland||VP||Sell||23,000||$20.00||$460,000.00|| |
|8/12/2013||Tavakoli Nader||Director||Sell||25,000||$19.14||$478,500.00|| |
|8/1/2013||Special Situations Fund Avenue||Director||Sell||1,694,600||$19.76||$33,485,296.00|| |
Headline Trends for Magnachip Semiconductor Corp (NYSE:MX)
Latest Headlines for Magnachip Semiconductor Corp (NYSE:MX)
|Magnachip Semiconductor Corp (MX) Coverage Initiated by Analysts at Citigroup Inc|
www.americanbankingnews.com - May 14 at 6:28 PM
|Can the Rally in Magnachip Semiconductor (MX) Shares Continue?|
www.zacks.com - May 9 at 11:37 AM
|-$0.01 EPS Expected for Magnachip Semiconductor Corp (MX) This Quarter|
www.americanbankingnews.com - May 9 at 12:22 AM
|Magnachip Semiconductor Corp (MX) Insider Young-Joon Kim Sells 11,800 Shares|
www.americanbankingnews.com - May 8 at 8:22 PM
|MagnaChip Semiconductor Corp. – Value Analysis (NYSE:MX) : May 8, 2017|
finance.yahoo.com - May 8 at 6:14 PM
|Magnachip Semiconductor Corp (MX) Upgraded at TheStreet|
www.americanbankingnews.com - May 7 at 11:52 PM
|MagnaChip Semiconductor Corp. breached its 50 day moving average in a Bullish Manner : MX-US : May 5, 2017|
finance.yahoo.com - May 5 at 9:25 AM
|Why MagnaChip Semiconductor Corp. Stock Popped Today - Motley Fool|
www.fool.com - May 4 at 6:46 PM
|Edited Transcript of MX.N earnings conference call or presentation 3-May-17 9:00pm GMT|
finance.yahoo.com - May 4 at 6:46 PM
|Why MagnaChip Semiconductor Corp. Stock Popped Today|
finance.yahoo.com - May 4 at 6:46 PM
|MagnaChip Semiconductor's (MX) CEO YJ Kim on Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - May 4 at 1:59 AM
|MagnaChip Reports First Quarter 2017 Financial Results|
finance.yahoo.com - May 3 at 8:10 PM
|Magnachip posts 1Q profit|
marketbeat.com - May 3 at 7:59 PM
|Magnachip Semiconductor Corp (MX) Earns Daily News Impact Score of 0.05|
www.americanbankingnews.com - May 3 at 1:06 AM
|MagnaChip Semiconductor, ex-CFO settle accounting fraud charges -SEC|
finance.yahoo.com - May 1 at 5:41 PM
|SEC settles accounting charges with chipmaker, ex-CFO|
finance.yahoo.com - May 1 at 5:41 PM
|Magnachip Semiconductor Corp (MX) Earning Somewhat Positive News Coverage, Analysis Shows|
www.americanbankingnews.com - April 29 at 4:18 PM
|Magnachip Semiconductor Corp (MX) Earns Daily Media Impact Rating of 0.16|
www.americanbankingnews.com - April 27 at 1:10 AM
|Magnachip Semiconductor Corp (MX) Earning Somewhat Positive News Coverage, Study Finds|
www.americanbankingnews.com - April 23 at 11:06 PM
|Magnachip Semiconductor Corp (MX) Getting Positive Media Coverage, Analysis Shows|
www.americanbankingnews.com - April 17 at 3:57 PM
|MagnaChip Schedules First Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - April 17 at 10:04 AM
|Magnachip Semiconductor Corp (MX) Earns Daily Coverage Optimism Score of 0.10|
www.americanbankingnews.com - April 13 at 7:46 PM
|MagnaChip to Host Its Annual Foundry Technology Symposium in Santa Clara, California|
finance.yahoo.com - April 10 at 10:16 AM
|Stock Buyback Plan Approved by Magnachip Semiconductor Corp (MX) Board |
www.americanbankingnews.com - April 7 at 8:37 PM
|Why MagnaChip Semiconductor (MX) Could Be Positioned for a Surge?|
finance.yahoo.com - March 30 at 7:01 PM
|Can The Uptrend Continue for Magnachip Semiconductor (MX)? - Nasdaq|
www.nasdaq.com - March 25 at 8:11 AM
|Can The Uptrend Continue for Magnachip Semiconductor (MX)?|
finance.yahoo.com - March 24 at 8:47 AM
|Why MagnaChip Semiconductor (MX) Stock Might be a Great Pick|
www.zacks.com - March 23 at 8:46 AM
|MagnaChip Unveils New 0.18 Micron RFSOI 2.5V Process With Enhanced Switching Performance|
finance.yahoo.com - March 13 at 10:12 AM
|MAGNACHIP SEMICONDUCTOR CORP Financials|
finance.yahoo.com - February 25 at 6:22 PM
|MAGNACHIP SEMICONDUCTOR CORP Files SEC form 8-K, Costs Associated with Exit or Disposal Activities|
biz.yahoo.com - February 23 at 6:46 PM
|MagnaChip Semiconductor (MX) Sees Hammer Chart Pattern: Time to Buy?|
finance.yahoo.com - February 22 at 6:51 PM
|MAGNACHIP SEMICONDUCTOR CORP Files SEC form 10-K, Annual Report|
biz.yahoo.com - February 21 at 6:11 PM
|MagnaChip Semiconductor Corporation -- Moody's: MagnaChip's improved 2016 results are credit positive; rating unaffected|
www.moodys.com - February 13 at 9:58 AM
|Edited Transcript of MX earnings conference call or presentation 10-Feb-17 1:00pm GMT|
finance.yahoo.com - February 11 at 12:40 AM
|MagnaChip Reports Fourth Quarter 2016 Financial Results|
us.rd.yahoo.com - February 9 at 7:45 PM
|MAGNACHIP SEMICONDUCTOR CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements|
us.rd.yahoo.com - February 9 at 7:45 PM
|Can MagnaChip Semiconductor (MX) Run Higher on Strong Earnings Estimate Revisions?|
us.rd.yahoo.com - February 9 at 12:38 AM
|Can MagnaChip Semiconductor (MX) Run Higher on Strong Earnings Estimate Revisions? - Nasdaq|
www.nasdaq.com - February 8 at 7:37 PM
|Moving Average Crossover Alert: MagnaChip (MX)|
www.zacks.com - January 30 at 9:33 AM
|MagnaChip Schedules Fourth Quarter 2016 Earnings Release on February 9, 2017; Investor Conference Call to be Held Pre-Market on February 10|
finance.yahoo.com - January 30 at 9:33 AM
|MagnaChip Semiconductor (MX) Shares March Higher, Can It Continue?|
www.zacks.com - January 24 at 6:46 AM
|MagnaChip Semiconductor (MX) Jumps: Stock Climbs 10.5% - Nasdaq|
www.nasdaq.com - January 19 at 10:23 PM
|MAGNACHIP SEMICONDUCTOR CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Fin|
biz.yahoo.com - January 17 at 7:04 PM
|MagnaChip Semiconductor (MX) Jumps: Stock Climbs 10.5%|
finance.yahoo.com - January 17 at 11:38 AM
|MagnaChip Offers 0.35 micron 700V Ultra High Voltage Process Technology with Process Simplification|
finance.yahoo.com - January 16 at 7:15 PM
Magnachip Semiconductor Corp (MX) Chart for Thursday, May, 25, 2017