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NYSE:MX

Magnachip Semiconductor (MX) Stock Price, News & Analysis

$4.84
+0.06 (+1.26%)
(As of 02:50 PM ET)
Today's Range
$4.72
$4.87
50-Day Range
$4.79
$6.81
52-Week Range
$4.72
$11.68
Volume
198,051 shs
Average Volume
430,952 shs
Market Capitalization
$185.18 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.00

Magnachip Semiconductor MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
106.6% Upside
$10.00 Price Target
Short Interest
Healthy
1.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.40) to ($1.09) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.60 out of 5 stars

Computer And Technology Sector

350th out of 585 stocks

Semiconductors & Related Devices Industry

52nd out of 86 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, computing, 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, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel. 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-bikes, photovoltaic inverters, LED lighting, and motor drives; and OLED display driver integrated circuit products. It serves consumer, computing, communication, automotive and industrial electronics OEMs, original design manufacturers, and electronics manufacturing services companies, as well as subsystem designers in the Asia Pacific, the United States, and Europe. 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

This military-backed stock “owns” AI market
There’s only ONE AI company that matters. It’s not Nvidia, AMD, IBM or any new startup.
MagnaChip Semiconductor Corp
MX Apr 2024 5.000 call
This military-backed stock “owns” AI market
There’s only ONE AI company that matters. It’s not Nvidia, AMD, IBM or any new startup.
MX Apr 2024 5.000 put
MagnaChip Semiconductor Corporation (MX)
Why Magnachip (MX) Shares Are Getting Obliterated Today
Magnachip (NYSE:MX) Reports Weak Q4
MagnaChip Semiconductor Corp MX
What To Expect From Magnachip’s (MX) Q4 Earnings
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Fax
N/A
Employees
891
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.00
High Stock Price Target
$10.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+107.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-36,620,000.00
Pretax Margin
-20.67%

Debt

Sales & Book Value

Annual Sales
$230.05 million
Book Value
$8.89 per share

Miscellaneous

Free Float
36,539,000
Market Cap
$184.41 million
Optionable
Optionable
Beta
0.78
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Key Executives

  • Mr. Young-Joon Kim (Age 59)
    CEO & Director
    Comp: $2.73M
  • Ms. Shin Young Park (Age 43)
    CFO & Chief Accounting Officer
    Comp: $683.87k
  • Mr. Theodore S. Kim (Age 54)
    Chief Compliance Officer, Executive VP, General Counsel & Secretary
    Comp: $1.52M
  • Mr. Woung Moo Lee (Age 61)
    Executive VP and GM of Display Solutions & Worldwide Sales
    Comp: $501.66k
  • Dr. Chan Ho Park Ph.D. (Age 60)
    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?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnachip Semiconductor in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MX shares.
View MX analyst ratings
or view top-rated stocks.

What is Magnachip Semiconductor's stock price target for 2024?

2 Wall Street research analysts have issued 12 month price objectives for Magnachip Semiconductor's shares. Their MX share price targets range from $10.00 to $10.00. On average, they expect the company's share price to reach $10.00 in the next year. This suggests a possible upside of 106.6% 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 2024?

Magnachip Semiconductor's stock was trading at $7.50 at the start of the year. Since then, MX shares have decreased by 35.5% and is now trading at $4.84.
View the best growth stocks for 2024 here
.

Are investors shorting Magnachip Semiconductor?

Magnachip Semiconductor saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 521,500 shares, a decrease of 28.6% from the March 15th total of 730,200 shares. Based on an average daily volume of 447,800 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.4% of the company's shares are sold short.
View Magnachip Semiconductor's Short Interest
.

When is Magnachip Semiconductor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MX earnings forecast
.

How can I listen to Magnachip Semiconductor's earnings call?

Magnachip Semiconductor will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Magnachip Semiconductor's earnings last quarter?

Magnachip Semiconductor Co. (NYSE:MX) posted its quarterly earnings results on Wednesday, February, 28th. The semiconductor company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.08. The semiconductor company earned $50.82 million during the quarter, compared to analyst estimates of $52.45 million. Magnachip Semiconductor had a negative net margin of 15.92% and a negative trailing twelve-month return on equity of 7.85%. During the same period last year, the company posted ($0.39) EPS.

What ETFs hold Magnachip Semiconductor's stock?

ETFs with the largest weight of Magnachip Semiconductor (NYSE:MX) stock in their portfolio include ProShares Metaverse ETF (VERS).ProShares Smart Materials ETF (TINT).

What guidance has Magnachip Semiconductor issued on next quarter's earnings?

Magnachip Semiconductor updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $46.0 million-$51.0 million, compared to the consensus revenue estimate of $53.8 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 Allspring Global Investments Holdings LLC (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MX) was last updated on 4/22/2024 by MarketBeat.com Staff

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