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Magnachip Semiconductor Stock Price, News & Analysis (NYSE:MX)

$6.64
-0.08 (-1.19%)
(As of 12/4/2023 ET)
Compare
Today's Range
$6.48
$6.75
50-Day Range
$6.59
$8.33
52-Week Range
$6.46
$11.68
Volume
204,415 shs
Average Volume
253,445 shs
Market Capitalization
$257.17 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$24.33

Magnachip Semiconductor MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
266.7% Upside
$24.33 Price Target
Short Interest
Healthy
1.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-1.17mentions of Magnachip Semiconductor in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.81) to ($0.77) Per Share

Overall MarketRank

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

2.02 out of 5 stars

Computer And Technology Sector

353rd out of 593 stocks

Semiconductors & Related Devices Industry

59th out of 83 stocks


MX stock logo

About Magnachip Semiconductor Stock (NYSE:MX)

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, South Korea.

MX Stock Price History

MX Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Magnachip Reports Results for Third Quarter 2023
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Magnachip (NYSE:MX) Reports Weak Q3
Magnachip Unveils New 8th-Generation 150V MXT MV MOSFETs
Magnachip Semiconductor launches new transistors
Magnachip (MX) Reports Q2 Loss, Tops Revenue Estimates
What To Expect From Magnachip’s (MX) Q2 Earnings
MagnaChip Semiconductor's Earnings Outlook
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/15/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Fax
N/A
Employees
897
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$24.33
High Stock Price Target
$50.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+266.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-8,040,000.00
Pretax Margin
-12.35%

Debt

Sales & Book Value

Annual Sales
$337.66 million
Cash Flow
$0.40 per share
Book Value
$9.69 per share

Miscellaneous

Free Float
37,019,000
Market Cap
$257.17 million
Optionable
Optionable
Beta
0.81
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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, Executive VP, General Counsel & Secretary
    Comp: $1.52M
  • Mr. Woung Moo Lee (Age 60)
    Executive VP and GM of Display Solutions & Worldwide Sales
    Comp: $501.66k
  • Dr. Chan Ho Park Ph.D. (Age 59)
    General Manager of Power Solutions
    Comp: $636.95k
  • So-Yeon Jeong
    Head of Investor Relations
  • Mr. Jk Minh
    Chief of Strategic Planning














MX Stock Analysis - Frequently Asked Questions

Should I buy or sell Magnachip Semiconductor stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnachip Semiconductor in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

3 analysts have issued 12-month price objectives for Magnachip Semiconductor's stock. Their MX share price targets range from $10.00 to $50.00. On average, they predict the company's stock price to reach $24.33 in the next twelve months. This suggests a possible upside of 266.7% 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 beginning of 2023. Since then, MX shares have decreased by 29.3% and is now trading at $6.6350.
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 Thursday, February 15th 2024.
View our MX earnings forecast
.

How were Magnachip Semiconductor's earnings last quarter?

Magnachip Semiconductor Co. (NYSE:MX) posted its quarterly earnings data on Thursday, November, 2nd. The semiconductor company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.16. The semiconductor company earned $61.25 million during the quarter, compared to analysts' expectations of $61.75 million. Magnachip Semiconductor had a negative net margin of 11.49% and a negative trailing twelve-month return on equity of 9.29%.

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 updated its fourth quarter 2023 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $50.00 million-$55.00 million, compared to the consensus revenue estimate of $62.23 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).

Who are Magnachip Semiconductor's major shareholders?

Magnachip Semiconductor's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Toronado Partners LLC (4.62%), B. Riley Asset Management LLC (2.11%), Thompson Siegel & Walmsley LLC (1.97%), Walleye Capital LLC (1.03%), Kennedy Capital Management LLC (0.99%) and Ameriprise Financial Inc. (0.94%). Insiders that own company stock include 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.

This page (NYSE:MX) was last updated on 12/4/2023 by MarketBeat.com Staff

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