Magnachip Semiconductor - MX Stock Forecast, Price & News

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.
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2 brokerages have issued 12 month target prices for Magnachip Semiconductor's shares. Their MX share price forecasts range from $13.00 to $13.00. On average, they predict the company's stock price to reach $13.00 in the next year. This suggests a possible upside of 21.8% from the stock's current price.
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Magnachip Semiconductor's stock was trading at $9.39 at the beginning of 2023. Since then, MX stock has increased by 13.6% and is now trading at $10.67.
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Magnachip Semiconductor saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 670,500 shares, an increase of 21.8% from the December 15th total of 550,500 shares. Based on an average trading volume of 402,800 shares, the short-interest ratio is presently 1.7 days. Approximately 1.6% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Magnachip Semiconductor Co. (NYSE:MX) announced its earnings results on Sunday, October, 24th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.22. The semiconductor company earned $127 million during the quarter, compared to the consensus estimate of $131.55 million. Magnachip Semiconductor had a trailing twelve-month return on equity of 7.45% and a net margin of 11.01%.

Magnachip Semiconductor updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $57.00 million-$62.00 million, compared to the consensus revenue estimate of $78.77 million.

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.

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).

Magnachip Semiconductor trades on the New York Stock Exchange (NYSE) under the ticker symbol "MX."

Magnachip Semiconductor's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Rice Hall James & Associates LLC (0.53%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Brigade Capital Management, Lp, Brigade Leveraged Capital Stru, Camillo Martino, Woung Moo Lee and Young-Joon Kim.
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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.
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One share of MX stock can currently be purchased for approximately $10.67.

Magnachip Semiconductor (NYSE:MX) has a market capitalization of $471.29 million and generates $474.23 million in revenue each year. The semiconductor company earns $56.71 million in net income (profit) each year or $0.87 on an earnings per share basis.

The company employs 890 workers across the globe.

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 352456262 or via email at investor.relations@magnachip.com.