NYSE:MX - Magnachip Stock Price, Price Target & More

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

Magnachip announced that its Board of Directors has initiated a stock buyback program on Friday, April 7th 2017, which permits the company to repurchase $10,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Magnachip (NYSE:MX) posted its quarterly earnings data on Monday, April, 30th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.02. The semiconductor company earned $165.80 million during the quarter, compared to analysts' expectations of $161 million. Magnachip had a negative return on equity of 58.34% and a net margin of 6.43%. The company's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. View Magnachip's Earnings History.

Magnachip is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Magnachip.

2 Wall Street analysts have issued 1 year target prices for Magnachip's stock. Their predictions range from $10.00 to $15.00. On average, they expect Magnachip's stock price to reach $12.50 in the next twelve months. View Analyst Ratings for Magnachip.

Magnachip saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 2,150,204 shares, an increase of 40.3% from the March 30th total of 1,532,658 shares. Based on an average daily trading volume, of 206,410 shares, the short-interest ratio is presently 10.4 days. Currently, 6.4% of the shares of the company are short sold.

Some companies that are related to Magnachip include Synaptics (SYNA), MACOM Technology Solutions (MTSI), Inphi (IPHI), Rambus (RMBS), Acacia Communications (ACIA), SunPower (SPWR), MaxLinear (MXL), Himax (HIMX), OSI Systems (OSIS), Xperi (XPER), NLight (LASR), Canadian Solar (CSIQ), FormFactor (FORM), SMART Global (SGH) and Jinko Solar (JKS).

News coverage about MX stock has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Magnachip earned a news impact score of 0.09 on Accern's scale. They also assigned press coverage about the semiconductor company an impact score of 47.37 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Magnachip's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Evermore Global Advisors LLC (11.00%), North Run Capital LP (7.14%), Rubric Capital Management LP (6.79%), Hood River Capital Management LLC (6.12%), The Manufacturers Life Insurance Company (2.07%) and Federated Investors Inc. PA (1.18%). Company insiders that own Magnachip stock include Brigade Leveraged Capital Stru, Camillo Martino, Engaged Capital Llc, Jonathan W Kim, Marc Lasry, Melvin L Keating, Pleasant Lake Partners Llc, Randal T Klein, Tavakoli Nader and Young-Joon Kim. View Institutional Ownership Trends for Magnachip.

MX stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., GSA Capital Partners LLP, Point72 Asset Management L.P., Northern Trust Corp and FIL Ltd. Company insiders that have sold Magnachip company stock in the last year include Brigade Leveraged Capital Stru and Marc Lasry. View Insider Buying and Selling for Magnachip.

MX stock was purchased by a variety of institutional investors in the last quarter, including North Run Capital LP, Cavalry Management Group LLC, Evermore Global Advisors LLC, The Manufacturers Life Insurance Company , Rubric Capital Management LP, Federated Investors Inc. PA, Hood River Capital Management LLC and LPL Financial LLC. Company insiders that have bought Magnachip stock in the last two years include Camillo Martino, Jonathan W Kim, Melvin L Keating, Randal T Klein, Tavakoli Nader and Young-Joon Kim. View Insider Buying and Selling for Magnachip.

Shares of MX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MX stock can currently be purchased for approximately $11.12.

Magnachip has a market capitalization of $372.99 million and generates $679.67 million in revenue each year. The semiconductor company earns $84.93 million in net income (profit) each year or $0.76 on an earnings per share basis. Magnachip employs 2,520 workers across the globe.

Magnachip'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]