Magnachip Semiconductor Corp Company Profile (NYSE:MX)

About Magnachip Semiconductor Corp (NYSE:MX)

Magnachip Semiconductor Corp logoMagnaChip 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
Capitalization:
  • Market Cap: $293.11 million
  • Outstanding Shares: 33,886,000
Average Prices:
  • 50 Day Moving Avg: $8.75
  • 200 Day Moving Avg: $7.65
  • 52 Week Range: $5.05 - $10.20
P/E:
  • Trailing P/E Ratio: 50.00
  • Foreward P/E Ratio: 10.30
  • P/E Growth: -2.77
Sales & Book Value:
  • Annual Revenue: $701.57 million
  • Price / Sales: 0.42
  • Book Value: ($2.10) per share
  • Price / Book: -4.12
Profitability:
  • EBIDTA: $29.28 million
  • Net Margins: -4.30%
  • Return on Equity: -44.29%
  • Return on Assets: -5.65%
Debt:
  • Debt-to-Equity Ratio: -3.40%
  • Current Ratio: 1.60%
  • Quick Ratio: 1.13%
Misc:
  • 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?

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.

Analyst Ratings

Consensus Ratings for Magnachip Semiconductor Corp (NYSE:MX) (?)
Ratings Breakdown: 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $10.17 (17.53% upside)

Analysts' Ratings History for Magnachip Semiconductor Corp (NYSE:MX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/10/2017Citigroup IncInitiated CoverageNeutral -> Neutral$10.50HighView Rating Details
2/24/2017Needham & Company LLCReiterated RatingBuy$10.00N/AView Rating Details
9/28/2016Roth CapitalInitiated CoverageBuy$10.00N/AView Rating Details
5/6/2016Topeka Capital MarketsBoost Price TargetBuy$5.00 -> $6.00N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Magnachip Semiconductor Corp (NYSE:MX)
Earnings by Quarter for Magnachip Semiconductor Corp (NYSE:MX)
Earnings History by Quarter for Magnachip Semiconductor Corp (NYSE:MX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/9/2017Q416$0.07$0.04$180.00 million$180.50 millionViewListenView Earnings Details
10/27/2016Q316($0.08)($0.04)$183.00 million$192.30 millionViewListenView Earnings Details
2/17/2016Q415($0.48)$0.15$148.75 million$152.40 millionViewListenView Earnings Details
10/29/2015Q315($0.33)($0.30)$150.00 million$154.40 millionViewListenView Earnings Details
8/6/2015Q215($0.40)($0.32)$160.10 million$162.00 millionViewListenView Earnings Details
5/28/2015Q413($0.52)($0.38)$179.55 million$164.90 millionViewListenView Earnings Details
10/29/2013Q313$0.71$0.76$219.70 million$217.82 millionViewListenView Earnings Details
7/30/2013Q2 2013$0.59$0.71$214.91 million$215.30 millionViewListenView Earnings Details
4/30/2013Q1 2013$0.47$0.53$204.92 million$205.30 millionViewListenView Earnings Details
1/30/2013Q4 2012$0.71$0.77$218.71 million$218.10 millionViewListenView Earnings Details
11/1/2012Q312$0.61$0.81$221.43 million$221.90 millionViewN/AView Earnings Details
8/2/2012$0.36$0.48ViewN/AView Earnings Details
4/25/2012$0.14$0.17ViewN/AView Earnings Details
2/1/2012$0.20$0.26ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Magnachip Semiconductor Corp (NYSE:MX)
2017 EPS Consensus Estimate: ($0.18)
2018 EPS Consensus Estimate: $0.70
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.21)($0.21)($0.21)
Q2 20171($0.12)($0.12)($0.12)
Q3 20171$0.12$0.12$0.12
Q4 20171$0.03$0.03$0.03
Q1 20181$0.13$0.13$0.13
Q2 20181$0.14$0.14$0.14
Q3 20181$0.18$0.18$0.18
Q4 20181$0.25$0.25$0.25
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Magnachip Semiconductor Corp (NYSE:MX)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Magnachip Semiconductor Corp (NYSE:MX)
Insider Ownership Percentage: 4.20%
Institutional Ownership Percentage: 81.64%
Insider Trades by Quarter for Magnachip Semiconductor Corp (NYSE:MX)
Institutional Ownership by Quarter for Magnachip Semiconductor Corp (NYSE:MX)
Insider Trades by Quarter for Magnachip Semiconductor Corp (NYSE:MX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/4/2017Young-Joon KimInsiderSell11,800$8.90$105,020.00View SEC Filing  
2/15/2017Camillo MartinoDirectorBuy8,000$7.45$59,600.00View SEC Filing  
1/11/2017Engaged Capital LlcInsiderSell400,000$6.35$2,540,000.00View SEC Filing  
8/4/2016Pleasant Lake Partners LlcMajor ShareholderSell58,000$7.49$434,420.00View SEC Filing  
9/13/2013Special Situations Fund AvenueDirectorSell1,700,000$21.00$35,700,000.00View SEC Filing  
8/21/2013John McfarlandVPSell23,000$20.00$460,000.00View SEC Filing  
8/12/2013Tavakoli NaderDirectorSell25,000$19.14$478,500.00View SEC Filing  
8/1/2013Special Situations Fund AvenueDirectorSell1,694,600$19.76$33,485,296.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Magnachip Semiconductor Corp (NYSE:MX)
Latest Headlines for Magnachip Semiconductor Corp (NYSE:MX)
Source:
DateHeadline
americanbankingnews.com logoMagnachip Semiconductor Corp (MX) Coverage Initiated by Analysts at Citigroup Inc
www.americanbankingnews.com - May 14 at 6:28 PM
zacks.com logoCan the Rally in Magnachip Semiconductor (MX) Shares Continue?
www.zacks.com - May 9 at 11:37 AM
americanbankingnews.com logo-$0.01 EPS Expected for Magnachip Semiconductor Corp (MX) This Quarter
www.americanbankingnews.com - May 9 at 12:22 AM
americanbankingnews.com logoMagnachip Semiconductor Corp (MX) Insider Young-Joon Kim Sells 11,800 Shares
www.americanbankingnews.com - May 8 at 8:22 PM
finance.yahoo.com logoMagnaChip Semiconductor Corp. – Value Analysis (NYSE:MX) : May 8, 2017
finance.yahoo.com - May 8 at 6:14 PM
americanbankingnews.com logoMagnachip Semiconductor Corp (MX) Upgraded at TheStreet
www.americanbankingnews.com - May 7 at 11:52 PM
finance.yahoo.com logoMagnaChip 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
fool.com logoWhy MagnaChip Semiconductor Corp. Stock Popped Today - Motley Fool
www.fool.com - May 4 at 6:46 PM
finance.yahoo.com logoEdited Transcript of MX.N earnings conference call or presentation 3-May-17 9:00pm GMT
finance.yahoo.com - May 4 at 6:46 PM
finance.yahoo.com logoWhy MagnaChip Semiconductor Corp. Stock Popped Today
finance.yahoo.com - May 4 at 6:46 PM
seekingalpha.com logoMagnaChip Semiconductor's (MX) CEO YJ Kim on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 4 at 1:59 AM
finance.yahoo.com logoMagnaChip Reports First Quarter 2017 Financial Results
finance.yahoo.com - May 3 at 8:10 PM
marketbeat.com logoMagnachip posts 1Q profit
marketbeat.com - May 3 at 7:59 PM
americanbankingnews.com logoMagnachip Semiconductor Corp (MX) Earns Daily News Impact Score of 0.05
www.americanbankingnews.com - May 3 at 1:06 AM
finance.yahoo.com logoMagnaChip Semiconductor, ex-CFO settle accounting fraud charges -SEC
finance.yahoo.com - May 1 at 5:41 PM
finance.yahoo.com logoSEC settles accounting charges with chipmaker, ex-CFO
finance.yahoo.com - May 1 at 5:41 PM
americanbankingnews.com logoMagnachip Semiconductor Corp (MX) Earning Somewhat Positive News Coverage, Analysis Shows
www.americanbankingnews.com - April 29 at 4:18 PM
americanbankingnews.com logoMagnachip Semiconductor Corp (MX) Earns Daily Media Impact Rating of 0.16
www.americanbankingnews.com - April 27 at 1:10 AM
americanbankingnews.com logoMagnachip Semiconductor Corp (MX) Earning Somewhat Positive News Coverage, Study Finds
www.americanbankingnews.com - April 23 at 11:06 PM
americanbankingnews.com logoMagnachip Semiconductor Corp (MX) Getting Positive Media Coverage, Analysis Shows
www.americanbankingnews.com - April 17 at 3:57 PM
finance.yahoo.com logoMagnaChip Schedules First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - April 17 at 10:04 AM
americanbankingnews.com logoMagnachip Semiconductor Corp (MX) Earns Daily Coverage Optimism Score of 0.10
www.americanbankingnews.com - April 13 at 7:46 PM
finance.yahoo.com logoMagnaChip to Host Its Annual Foundry Technology Symposium in Santa Clara, California
finance.yahoo.com - April 10 at 10:16 AM
americanbankingnews.com logoStock Buyback Plan Approved by Magnachip Semiconductor Corp (MX) Board
www.americanbankingnews.com - April 7 at 8:37 PM
finance.yahoo.com logoWhy MagnaChip Semiconductor (MX) Could Be Positioned for a Surge?
finance.yahoo.com - March 30 at 7:01 PM
nasdaq.com logoCan The Uptrend Continue for Magnachip Semiconductor (MX)? - Nasdaq
www.nasdaq.com - March 25 at 8:11 AM
finance.yahoo.com logoCan The Uptrend Continue for Magnachip Semiconductor (MX)?
finance.yahoo.com - March 24 at 8:47 AM
zacks.com logoWhy MagnaChip Semiconductor (MX) Stock Might be a Great Pick
www.zacks.com - March 23 at 8:46 AM
finance.yahoo.com logoMagnaChip Unveils New 0.18 Micron RFSOI 2.5V Process With Enhanced Switching Performance
finance.yahoo.com - March 13 at 10:12 AM
finance.yahoo.com logoMAGNACHIP SEMICONDUCTOR CORP Financials
finance.yahoo.com - February 25 at 6:22 PM
biz.yahoo.com logoMAGNACHIP SEMICONDUCTOR CORP Files SEC form 8-K, Costs Associated with Exit or Disposal Activities
biz.yahoo.com - February 23 at 6:46 PM
finance.yahoo.com logoMagnaChip Semiconductor (MX) Sees Hammer Chart Pattern: Time to Buy?
finance.yahoo.com - February 22 at 6:51 PM
biz.yahoo.com logoMAGNACHIP SEMICONDUCTOR CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - February 21 at 6:11 PM
moodys.com logoMagnaChip Semiconductor Corporation -- Moody's: MagnaChip's improved 2016 results are credit positive; rating unaffected
www.moodys.com - February 13 at 9:58 AM
finance.yahoo.com logoEdited Transcript of MX earnings conference call or presentation 10-Feb-17 1:00pm GMT
finance.yahoo.com - February 11 at 12:40 AM
us.rd.yahoo.com logoMagnaChip Reports Fourth Quarter 2016 Financial Results
us.rd.yahoo.com - February 9 at 7:45 PM
biz.yahoo.com logoMAGNACHIP 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
us.rd.yahoo.com logoCan MagnaChip Semiconductor (MX) Run Higher on Strong Earnings Estimate Revisions?
us.rd.yahoo.com - February 9 at 12:38 AM
nasdaq.com logoCan MagnaChip Semiconductor (MX) Run Higher on Strong Earnings Estimate Revisions? - Nasdaq
www.nasdaq.com - February 8 at 7:37 PM
zacks.com logoMoving Average Crossover Alert: MagnaChip (MX)
www.zacks.com - January 30 at 9:33 AM
finance.yahoo.com logoMagnaChip 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
zacks.com logoMagnaChip Semiconductor (MX) Shares March Higher, Can It Continue?
www.zacks.com - January 24 at 6:46 AM
nasdaq.com logoMagnaChip Semiconductor (MX) Jumps: Stock Climbs 10.5% - Nasdaq
www.nasdaq.com - January 19 at 10:23 PM
biz.yahoo.com logoMAGNACHIP 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
finance.yahoo.com logoMagnaChip Semiconductor (MX) Jumps: Stock Climbs 10.5%
finance.yahoo.com - January 17 at 11:38 AM
finance.yahoo.com logoMagnaChip Offers 0.35 micron 700V Ultra High Voltage Process Technology with Process Simplification
finance.yahoo.com - January 16 at 7:15 PM

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Magnachip Semiconductor Corp (MX) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff