NYSE:MX - Magnachip Semiconductor Stock Price, News, & Analysis

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$8.65 +1.83 (+26.83 %)
(As of 02/19/2019 04:00 PM ET)
Previous Close$6.82
Today's Range$7.15 - $8.68
52-Week Range$5.75 - $13.06
Volume79,291 shs
Average Volume256,063 shs
Market Capitalization$299.48 million
P/E Ratio11.38
Dividend YieldN/A
Beta0.35
MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The company operates through two segments, Foundry Services Group and Standard Products Group. The Foundry Services Group segment provides analog and mixed-signal foundry services for fabless and integrated device manufacturer semiconductor companies to manufacture a range of products, including display drivers, light emitting diode (LED) drivers, audio encoding and decoding devices, microcontrollers, touch screen controllers, RF switches, park distance control sensors for automotive, electronic tag memories, and power management semiconductors. The Standard Products Group segment offers display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in ultra-high definition, high definition, full high definition, LED, 3D and organic light emitting diodes televisions and displays, notebooks, and mobile communications and entertainment devices. This segment also offers power management semiconductor products, such as metal oxide semiconductor field effect transistors, insulated gate bipolar mode transistors, converters, LED drivers, SSD PMIC products, and switching and linear regulators for televisions, smartphones, mobile phones, desktop PCs, notebooks, tablet PCs, other consumer electronics, and consumer appliances, as well as for industrial applications. It serves consumer, computing, and industrial electronics original equipment manufacturers; original design manufacturers; and electronics manufacturing services companies, as well as subsystem designers. The company sells its products through direct sales force, as well as through a network of agents and distributors worldwide. MagnaChip Semiconductor Corporation is based in Luxembourg City, Luxembourg.

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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone352456262

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$679.67 million
Cash Flow$2.1098 per share
Book Value($1.16) per share

Profitability

Net Income$84.93 million

Miscellaneous

Employees2,520
Market Cap$299.48 million
OptionableOptionable

Magnachip Semiconductor (NYSE:MX) Frequently Asked Questions

What is Magnachip Semiconductor's stock symbol?

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

How will Magnachip Semiconductor's stock buyback program work?

Magnachip Semiconductor announced that its board has initiated a stock repurchase plan on Friday, April 7th 2017, which authorizes the company to repurchase $10,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

How were Magnachip Semiconductor's earnings last quarter?

Magnachip Semiconductor Corp (NYSE:MX) announced its earnings results on Thursday, February, 14th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.16. The semiconductor company earned $179.39 million during the quarter, compared to analysts' expectations of $176.50 million. Magnachip Semiconductor had a net margin of 5.65% and a negative return on equity of 108.44%. The company's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. View Magnachip Semiconductor's Earnings History.

When is Magnachip Semiconductor's next earnings date?

Magnachip Semiconductor is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Magnachip Semiconductor.

What guidance has Magnachip Semiconductor issued on next quarter's earnings?

Magnachip Semiconductor issued an update on its first quarter 2019 earnings guidance on Thursday, February, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $150-155 million, compared to the consensus revenue estimate of $171.75 million.

What price target have analysts set for MX?

3 brokers have issued 12 month price targets for Magnachip Semiconductor's stock. Their forecasts range from $9.40 to $13.00. On average, they expect Magnachip Semiconductor's share price to reach $10.80 in the next year. This suggests a possible upside of 24.9% from the stock's current price. View Analyst Price Targets for Magnachip Semiconductor.

What is the consensus analysts' recommendation for Magnachip Semiconductor?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magnachip Semiconductor in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magnachip Semiconductor.

What are Wall Street analysts saying about Magnachip Semiconductor stock?

Here are some recent quotes from research analysts about Magnachip Semiconductor 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. " (2/15/2019)
  • 2. Needham & Company LLC analysts commented, "In conjunction with our industry report titled, " China, China China", we are reducing our estimates and PT ahead of earnings to reflect China handset weakness, especially at the high-end, and lower foundry sales. MX’s total revenue came from Greater China, making it vulnerable to softness in China, specifically amongst its Chinese foundry customers. While we remain positive on OLED penetration, we are lowering our underlying base of handset units. On the positive side, we the Power and Display segments will show growth, driven by new product cycles (advent of foldable phones), and increasing demand for premium Power products, especially in the rapidly growing market for electric vehicles." (1/24/2019)

Has Magnachip Semiconductor been receiving favorable news coverage?

News coverage about MX stock has trended somewhat positive recently, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Magnachip Semiconductor earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are some of Magnachip Semiconductor's key competitors?

Who are Magnachip Semiconductor's key executives?

Magnachip Semiconductor's management team includes the folowing people:
  • Mr. Young-Joon Kim, CEO, GM of Foundry Services Group & Director (Age 54)
  • Mr. Jonathan W. Kim, CFO, Chief Accounting Officer & Exec. VP (Age 44)
  • Mr. Theodore S. Kim, Chief Compliance Officer, Exec. VP, Gen. Counsel & Sec. (Age 49)
  • Mr. Woung Moo Lee, Exec. VP & GM of Standard Products Group (Age 56)
  • Mr. Bruce Entin, Head of Investor Relations

Who are Magnachip Semiconductor's major shareholders?

Magnachip Semiconductor's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Evermore Global Advisors LLC (9.36%), Toronado Partners LLC (3.47%), Millennium Management LLC (1.48%), Connor Clark & Lunn Investment Management Ltd. (1.24%), D. E. Shaw & Co. Inc. (0.98%) and Cohen Capital Management Inc. (0.78%). Company insiders that own Magnachip Semiconductor stock include Brigade Capital Management, Lp, Brigade Leveraged Capital Stru, Camillo Martino, Jonathan W Kim, Marc Lasry, Melvin L Keating, Randal T Klein, Tavakoli Nader and Young-Joon Kim. View Institutional Ownership Trends for Magnachip Semiconductor.

Which major investors are selling Magnachip Semiconductor stock?

MX stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, GSA Capital Partners LLP, Two Sigma Advisers LP, Connor Clark & Lunn Investment Management Ltd., D. E. Shaw & Co. Inc., Algert Global LLC and LPL Financial LLC. View Insider Buying and Selling for Magnachip Semiconductor.

Which major investors are buying Magnachip Semiconductor stock?

MX stock was purchased by a variety of institutional investors in the last quarter, including Toronado Partners LLC, Millennium Management LLC, Worth Venture Partners LLC, Evermore Global Advisors LLC, PEAK6 Investments LLC, Menta Capital LLC, BlackRock Inc. and Two Sigma Investments LP. Company insiders that have bought Magnachip Semiconductor stock in the last two years include Brigade Capital Management, Lp, Camillo Martino, Jonathan W Kim, Melvin L Keating, Randal T Klein, Tavakoli Nader and Young-Joon Kim. View Insider Buying and Selling for Magnachip Semiconductor.

How do I buy shares of Magnachip Semiconductor?

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.

What is Magnachip Semiconductor's stock price today?

One share of MX stock can currently be purchased for approximately $8.65.

How big of a company is Magnachip Semiconductor?

Magnachip Semiconductor has a market capitalization of $299.48 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 Semiconductor employs 2,520 workers across the globe.

What is Magnachip Semiconductor's official website?

The official website for Magnachip Semiconductor is http://www.magnachip.com.

How can I contact Magnachip Semiconductor?

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]


MarketBeat Community Rating for Magnachip Semiconductor (NYSE MX)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  265 (Vote Outperform)
Underperform Votes:  231 (Vote Underperform)
Total Votes:  496
MarketBeat's community ratings are surveys of what our community members think about Magnachip Semiconductor and other stocks. Vote "Outperform" if you believe MX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/19/2019 by MarketBeat.com Staff

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