Magnachip Semiconductor Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnachip Semiconductor in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Magnachip Semiconductor stock.
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Magnachip Semiconductor is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Magnachip Semiconductor.

Magnachip Semiconductor Co. (NYSE:MX) announced its quarterly earnings results on Thursday, August, 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.06. The semiconductor company had revenue of $113.88 million for the quarter, compared to analyst estimates of $131.10 million. Magnachip Semiconductor had a trailing twelve-month return on equity of 9.06% and a net margin of 65.76%.
View Magnachip Semiconductor's earnings history.

Magnachip Semiconductor's stock was trading at $9.69 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MX shares have increased by 83.3% and is now trading at $17.76.
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5 equities research analysts have issued twelve-month price objectives for Magnachip Semiconductor's shares. Their forecasts range from $20.00 to $30.00. On average, they anticipate Magnachip Semiconductor's share price to reach $26.00 in the next year. This suggests a possible upside of 46.4% from the stock's current price.
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2 employees have rated Magnachip Semiconductor CEO Sang Park on Glassdoor.com. Sang Park has an approval rating of 50% among Magnachip Semiconductor's employees. This puts Sang Park in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Magnachip Semiconductor include FormFactor (FORM), Silicon Motion Technology (SIMO), Rambus (RMBS), JinkoSolar (JKS), Canadian Solar (CSIQ), Ultra Clean (UCTT), Xperi (XPER), Himax Technologies (HIMX), OSI Systems (OSIS), indie Semiconductor (INDI), Meta Materials (MMAT), ChipMOS TECHNOLOGIES (IMOS), Rockley Photonics (RKLY), Netlist (NLST) and Ichor (ICHR).
View all of MX's competitors.

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 investors include Jefferies Group LLC (0.00%), Federated Hermes Inc. (6.11%), Oaktree Capital Management LP (4.32%), Systematic Financial Management LP (3.95%), Alliancebernstein L.P. (3.45%) and Morgan Stanley (2.92%). Company insiders that own Magnachip Semiconductor stock include Brigade Capital Management, Lp, Brigade Leveraged Capital Stru and Camillo Martino.
View institutional ownership trends for Magnachip Semiconductor.

MX stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Oaktree Capital Management LP, North Run Capital LP, Brigade Capital Management LP, Deutsche Bank AG, Silverback Asset Management LLC, and State Street Corp. Company insiders that have sold Magnachip Semiconductor company stock in the last year include Brigade Capital Management, Lp, and Brigade Leveraged Capital Stru.
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MX stock was purchased by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Millennium Management LLC, Water Island Capital LLC, Healthcare of Ontario Pension Plan Trust Fund, State of Wisconsin Investment Board, Athos Capital Ltd, Legal & General Group Plc, and Systematic Financial Management LP.
View insider buying and selling activity for Magnachip Semiconductor or or view top insider-buying stocks.

Shares of MX 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 $17.76.

Magnachip Semiconductor has a market capitalization of $824.97 million and generates $507.06 million in revenue each year. The semiconductor company earns $344.96 million in net income (profit) each year or $0.62 on an earnings per share basis.

Magnachip Semiconductor employs 880 workers across the globe.

The official website for Magnachip Semiconductor is www.magnachip.com.

Magnachip Semiconductor is headquartered at 1 Allee Scheffer, Luxembourg N4, L-2520.

Magnachip Semiconductor's mailing address is 1 Allee Scheffer, Luxembourg N4, L-2520. The semiconductor company can be reached via phone at 352456262 or via email at [email protected].