MagnaChip Semiconductor Corporation Company Profile (NYSE:MX)

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

MagnaChip Semiconductor Corporation declared that its Board of Directors has initiated a share repurchase plan on Friday, April 7th 2017, which allows the company to repurchase $10,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

MagnaChip Semiconductor Corporation (NYSE:MX) posted its earnings results on Thursday, August, 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.17. The company earned $166.70 million during the quarter, compared to analysts' expectations of $165 million. MagnaChip Semiconductor Corporation's revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. View MagnaChip Semiconductor Corporation's Earnings History.

MagnaChip Semiconductor Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for MagnaChip Semiconductor Corporation.

3 equities research analysts have issued 12-month price objectives for MagnaChip Semiconductor Corporation's shares. Their predictions range from $10.00 to $15.00. On average, they expect MagnaChip Semiconductor Corporation's stock price to reach $12.00 in the next twelve months. View Analyst Ratings for MagnaChip Semiconductor Corporation.

Here are some recent quotes from research analysts about MagnaChip Semiconductor Corporation stock:

• 1. According to Zacks Investment Research, "MagnaChip Semiconductor Corporation operates as a designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. The Company operates through three key segments: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Products offered by MagnaChip through its Display Solutions segment includes source and gate drivers and timing controllers that cover a wide range of flat panel displays used in LCD, light emitting diode, or LED, and 3D televisions and displays, mobile PCs and mobile communications and entertainment devices. The Power Solutions products include discrete and integrated circuit solutions for power management in high-volume consumer applications. Semiconductor Manufacturing Services segment provides specialty analog and mixed-signal foundry services for fabless semiconductor companies. MagnaChip Semiconductor Corporation is headquartered in Chungbuk, South Korea. " (8/10/2017)
• 2. Needham & Company LLC analysts commented, "MX’s OLED product pipeline is expanding with a new 55nm flexible product and two 110nm wins this quarter. We believe that MX is the best positioned play on the transition from LCD to OLED due to its technology lead (55nm product is comparable to others 40nm) and close relationship with Samsung (90% of smartphone OLED panel supply). Current design wins give good visibility into a 2H17 ramp and we believe MX can grow 20% Y/Y in 2018." (8/4/2017)

Some companies that are related to MagnaChip Semiconductor Corporation include Nova Measuring Instruments (NVMI), Lattice Semiconductor Corporation (LSCC), AXT (AXTI), Kopin Corporation (KOPN), Sequans Communications S.A. (SQNS), Sparton Corporation (SPA), Pixelworks (PXLW), QuickLogic Corporation (QUIK), eMagin (EMAN), Resonant (RESN), Nanoco Group PLC (NANO), Netlist (NLST), Intermolecular (IMI), ParkerVision (PRKR), Rubicon Technology (RBCN), MoSys (MOSY), Alent PLC (ALNT) and Alliance Fiber Optic Products (AFOP).

MagnaChip Semiconductor Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include ENGAGED CAPITAL I LP (8.60%), Capital World Investors (6.92%), Evermore Global Advisors LLC (6.87%), ENGAGED CAPITAL LLC (6.10%), Rubric Capital Management LP (5.67%) and Hood River Capital Management LLC (4.62%). Company insiders that own MagnaChip Semiconductor Corporation stock include Camillo Martino, Engaged Capital Llc, Marc Lasry, Pleasant Lake Partners Llc, Tavakoli Nader and Young-Joon Kim. View Institutional Ownership Trends for MagnaChip Semiconductor Corporation.

MagnaChip Semiconductor Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Dimensional Fund Advisors LP, The Manufacturers Life Insurance Company , California Public Employees Retirement System, OxFORD Asset Management LLP, ClariVest Asset Management LLC, JPMorgan Chase & Co. and Blair William & Co. IL. Company insiders that have sold MagnaChip Semiconductor Corporation stock in the last year include Engaged Capital Llc, Marc Lasry and Young-Joon Kim. View Insider Buying and Selling for MagnaChip Semiconductor Corporation.

MagnaChip Semiconductor Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Evermore Global Advisors LLC, Hood River Capital Management LLC, Rubric Capital Management LP, GSA Capital Partners LLP, Proxima Capital Management LLC, Menta Capital LLC and Columbus Circle Investors. Company insiders that have bought MagnaChip Semiconductor Corporation stock in the last two years include Camillo Martino and Tavakoli Nader. View Insider Buying and Selling for MagnaChip Semiconductor Corporation.

Shares of MagnaChip Semiconductor Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MagnaChip Semiconductor Corporation stock can currently be purchased for approximately $11.30.