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

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

Magnachip declared that its board has authorized a stock repurchase plan on Friday, April 7th 2017, which permits the company to buyback $10,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Magnachip (NYSE:MX) released its earnings results on Monday, April, 30th. The semiconductor company reported $0.04 EPS for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.02. The semiconductor company earned $165.80 million during the quarter, compared to the consensus estimate of $161 million. Magnachip had a negative return on equity of 58.34% and a net margin of 6.43%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm 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 brokerages have issued 12 month target prices for Magnachip's shares. Their predictions range from $10.00 to $15.00. On average, they anticipate Magnachip's share price to reach $12.50 in the next twelve months. View Analyst Ratings for Magnachip.

Magnachip saw a increase in short interest in 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 trading volume of 206,410 shares, the days-to-cover ratio is currently 10.4 days. Currently, 6.4% of the company's shares are sold short.

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

Media coverage about MX stock has been trending somewhat negative on Friday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Magnachip earned a media sentiment score of -0.03 on Accern's scale. They also assigned media headlines about the semiconductor company an impact score of 47.09 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Magnachip's stock is owned by a number of of retail and institutional 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 acquired 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 $11.00.

Magnachip has a market capitalization of $378.15 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]