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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
0.78mentions of Magnachip Semiconductor in the last 14 days
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


MX stock logo

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

MX Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Magnachip Semiconductor launches new transistors
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Magnachip (MX) Reports Q2 Loss, Tops Revenue Estimates
What To Expect From Magnachip’s (MX) Q2 Earnings
MagnaChip Semiconductor's Earnings Outlook
MAGNACHIP ANNOUNCES DIRECTOR RESIGNATION
Why Magnachip (MX) Stock Is Falling Today
See More Headlines
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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

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 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

Net Income
$-8,040,000.00
Pretax Margin
-16.50%

Debt

Sales & Book Value

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

Miscellaneous

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













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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