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 .

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: -1.17
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

3.3

Analyst's Opinion

Consensus Rating
Magnachip Semiconductor has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.33, Magnachip Semiconductor has a forecasted upside of 266.7% from its current price of $6.64.
Amount of Analyst Coverage
Magnachip Semiconductor has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.93% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Magnachip Semiconductor has recently increased by 0.69%, indicating that investor sentiment is decreasing.

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.

1.0

News and Social Media Coverage

News Sentiment
Magnachip Semiconductor has a news sentiment score of -1.17. 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 lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Magnachip Semiconductor this week, compared to 1 article on an average week.
Search Interest
11 people have searched for MX on MarketBeat in the last 30 days. This is an increase of 120% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Magnachip Semiconductor to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magnachip Semiconductor insiders have not sold or bought any 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 ($0.81) to ($0.77) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Magnachip Semiconductor is -10.37, 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 -10.37, 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 0.68. 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 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

30 days | 90 days | 365 days | Advanced Chart

MX Stock News Headlines

December 4, 2023 | seekingalpha.com

The Unfulfilled Promise Of Magnachip: Assessing Its Latest Quarter's Performance

November 29, 2023 | finance.yahoo.com

Magnachip Semiconductor (NYSE:MX) investors are sitting on a loss of 53% if they invested three years ago

December 4, 2023 | DTI Trader (Ad)

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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.

November 13, 2023 | msn.com

2 Long-Term Bets as Outlook Weakens for Semiconductors

November 9, 2023 | finance.yahoo.com

Favourable Signals For Magnachip Semiconductor: Numerous Insiders Acquired Stock

November 4, 2023 | markets.businessinsider.com

Potential Recovery and Operational Expansion: Buy Rating on MagnaChip Amidst Industrial Weakness and Increased Expenditure

November 3, 2023 | finanznachrichten.de

Magnachip Semiconductor Corporation: Magnachip Reports Results for Third Quarter 2023

November 2, 2023 | finance.yahoo.com

Magnachip Reports Results for Third Quarter 2023

December 4, 2023 | DTI Trader (Ad)

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.

November 2, 2023 | finance.yahoo.com

Magnachip (NYSE:MX) Reports Weak Q3

November 1, 2023 | finance.yahoo.com

Magnachip (MX) Q3 Earnings Report Preview: What To Look For

October 31, 2023 | finance.yahoo.com

Magnachip Commences Mass Production of Two New 650V SJ MOSFETs with a Slim Form Factor

October 30, 2023 | finance.yahoo.com

Magnachip Introduces 6th-Generation 600V SJ MOSFET Developed with Cutting-Edge Microfabrication Technology

October 20, 2023 | finance.yahoo.com

Magnachip to Announce Third Quarter 2023 Financial Results on November 2

October 16, 2023 | msn.com

Magnachip Semiconductor: Is The Worst Finally Behind Us?

October 10, 2023 | msn.com

ON, Analog Devices lead chips higher as sector gets set for Q3 earnings

October 10, 2023 | finance.yahoo.com

Magnachip Unveils New 8th-Generation 150V MXT MV MOSFETs

September 20, 2023 | msn.com

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

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

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

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

Get Stock Alerts

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 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

EPS (Most Recent Fiscal Year): ($0.64)
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: -11.49%
Pretax Margin: -12.35%
Return on Equity: -9.29%
Return on Assets: -7.60%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.86
Quick Ratio: 5.21

Sales & Book Value

Annual Sales: $337.66 million
Price / Sales: 0.76
Cash Flow: $0.40 per share
Price / Cash Flow: 16.73
Book Value: $9.69 per share
Price / Book: 0.68

Miscellaneous

Outstanding Shares: 38,760,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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