MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications. The Company has two segments: Foundry Services Group and Standard Products Group. The Company's Foundry Services Group provides analog and mixed-signal foundry services to semiconductor companies and Integrated Device Manufacturers (IDMs) that serve consumer, computing, communication, industrial, automotive and IoT applications. The Company manufactures wafers-based on its customers' product designs. The Company's Standard Products Group includes its Display Solutions and Power Solutions business lines.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Semiconductors
- Sub-Industry: N/A
- Symbol: NYSE:MX
- CUSIP: N/A
- Web: www.magnachip.com
Capitalization:- Market Cap: $382.92 million
- Outstanding Shares: 34,037,000
Average Prices:- 50 Day Moving Avg: $11.24
- 200 Day Moving Avg: $9.71
- 52 Week Range: $5.20 - $12.75
P/E:- Trailing P/E Ratio: 24.56
- Foreward P/E Ratio: 12.10
- P/E Growth: -1.80
Sales & Book Value:- Annual Revenue: $701.15 million
- Price / Sales: 0.55
- Book Value: ($2.07) per share
- Price / Book: -5.43
Profitability:- EBIDTA: $43.67 million
- Net Margins: 2.25%
- Return on Assets: -2.59%
Debt:- Debt-to-Equity Ratio: -4.29%
- Current Ratio: 2.25%
- Quick Ratio: 1.80%
Misc:- Average Volume: 469,717 shs.
- Beta: -0.37
- Short Ratio: 7.75
Frequently Asked Questions for MagnaChip Semiconductor Corporation (NYSE:MX)
What is MagnaChip Semiconductor Corporation's stock symbol?
MagnaChip Semiconductor Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MX."
How will MagnaChip Semiconductor Corporation's stock buyback program work?
MagnaChip Semiconductor Corporation announced that its Board of Directors has authorized a share buyback program 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 purchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
How were MagnaChip Semiconductor Corporation's earnings last quarter?
MagnaChip Semiconductor Corporation (NYSE:MX) posted its quarterly earnings results on Thursday, August, 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.04 by $0.17. The company earned $166.70 million during the quarter, compared to the consensus estimate of $165 million. MagnaChip Semiconductor Corporation's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. View MagnaChip Semiconductor Corporation's Earnings History.
When will MagnaChip Semiconductor Corporation make its next earnings announcement?
Where is MagnaChip Semiconductor Corporation's stock going? Where will MagnaChip Semiconductor Corporation's stock price be in 2017?
3 brokerages have issued 1 year price objectives for MagnaChip Semiconductor Corporation's shares. Their predictions range from $10.00 to $15.00. On average, they anticipate MagnaChip Semiconductor Corporation's stock price to reach $12.00 in the next year. View Analyst Ratings for MagnaChip Semiconductor Corporation.
What are analysts saying about MagnaChip Semiconductor Corporation stock?
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)
Who are some of MagnaChip Semiconductor Corporation's key competitors?
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).
Who owns MagnaChip Semiconductor Corporation stock?
MagnaChip Semiconductor Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors 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.
Who sold MagnaChip Semiconductor Corporation stock? Who is selling MagnaChip Semiconductor Corporation stock?
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.
Who bought MagnaChip Semiconductor Corporation stock? Who is buying MagnaChip Semiconductor Corporation stock?
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.
How do I buy MagnaChip Semiconductor Corporation stock?
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.
What is MagnaChip Semiconductor Corporation's stock price today?
One share of MagnaChip Semiconductor Corporation stock can currently be purchased for approximately $11.25.
MarketBeat Community Rating for MagnaChip Semiconductor Corporation (NYSE MX)MarketBeat's community ratings are surveys of what our community members think about MagnaChip Semiconductor Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for MagnaChip Semiconductor Corporation (NYSE:MX) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 2 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.67) |
| Consensus Price Target: | $12.00 (6.67% upside) |
Analysts' Ratings History for MagnaChip Semiconductor Corporation (NYSE:MX)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/8/2017 | Needham & Company LLC | Reiterated Rating | Buy | $15.00 | Low |  |
| 8/7/2017 | Citigroup Inc. | Boost Price Target | Neutral -> Neutral | $10.50 -> $11.00 | Low | |
| 9/28/2016 | Roth Capital | Initiated Coverage | Buy | $10.00 | N/A | |
| 5/6/2016 | Topeka Capital Markets | Boost Price Target | Buy | $5.00 -> $6.00 | N/A | |
(Data available from 9/26/2015 forward)
Earnings History for MagnaChip Semiconductor Corporation (NYSE:MX)Earnings History by Quarter for MagnaChip Semiconductor Corporation (NYSE MX)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | | | | | | | |
| 8/3/2017 | 6/30/2017 | $0.04 | $0.21 | $165.00 million | $166.70 million | View | Listen | |
| 2/9/2017 | Q416 | $0.07 | $0.04 | $180.00 million | $180.50 million | View | Listen | |
| 10/27/2016 | Q316 | ($0.08) | ($0.04) | $183.00 million | $192.30 million | View | Listen | |
| 2/17/2016 | Q415 | ($0.48) | $0.15 | $148.75 million | $152.40 million | View | Listen | |
| 10/29/2015 | Q315 | ($0.33) | ($0.30) | $150.00 million | $154.40 million | View | Listen | |
| 8/6/2015 | Q215 | ($0.40) | ($0.32) | $160.10 million | $162.00 million | View | Listen | |
| 5/28/2015 | Q413 | ($0.52) | ($0.38) | $179.55 million | $164.90 million | View | Listen | |
| 10/29/2013 | Q313 | $0.71 | $0.76 | $219.70 million | $217.82 million | View | Listen | |
| 7/30/2013 | Q2 2013 | $0.59 | $0.71 | $214.91 million | $215.30 million | View | Listen | |
| 4/30/2013 | Q1 2013 | $0.47 | $0.53 | $204.92 million | $205.30 million | View | Listen | |
| 1/30/2013 | Q4 2012 | $0.71 | $0.77 | $218.71 million | $218.10 million | View | Listen | |
| 11/1/2012 | Q312 | $0.61 | $0.81 | $221.43 million | $221.90 million | View | N/A | |
| 8/2/2012 | | $0.36 | $0.48 | | | View | N/A | |
| 4/25/2012 | | $0.14 | $0.17 | | | View | N/A | |
| 2/1/2012 | | $0.20 | $0.26 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for MagnaChip Semiconductor Corporation (NYSE:MX)2017 EPS Consensus Estimate: ($0.18)
2018 EPS Consensus Estimate: $0.70
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | ($0.21) | ($0.21) | ($0.21) |
| Q2 2017 | 1 | ($0.12) | ($0.12) | ($0.12) |
| Q3 2017 | 1 | $0.12 | $0.12 | $0.12 |
| Q4 2017 | 1 | $0.03 | $0.03 | $0.03 |
| Q1 2018 | 1 | $0.13 | $0.13 | $0.13 |
| Q2 2018 | 1 | $0.14 | $0.14 | $0.14 |
| Q3 2018 | 1 | $0.18 | $0.18 | $0.18 |
| Q4 2018 | 1 | $0.25 | $0.25 | $0.25 |
(Data provided by Zacks Investment Research)
Dividend History for MagnaChip Semiconductor Corporation (NYSE:MX)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for MagnaChip Semiconductor Corporation (NYSE:MX)Insider Ownership Percentage: 3.80%
Institutional Ownership Percentage: 93.50%
Insider Trades by Quarter for MagnaChip Semiconductor Corporation (NYSE:MX)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/15/2017 | Marc Lasry | Director | Sell | 4,088,978 | $10.98 | $44,896,978.44 | |
| 8/14/2017 | Camillo Martino | Director | Buy | 10,000 | $10.25 | $102,500.00 | |
| 8/11/2017 | Tavakoli Nader | Director | Buy | 39,100 | $10.67 | $417,197.00 | |
| 5/4/2017 | Young-Joon Kim | Insider | Sell | 11,800 | $8.90 | $105,020.00 | |
| 2/15/2017 | Camillo Martino | Director | Buy | 8,000 | $7.45 | $59,600.00 | |
| 1/11/2017 | Engaged Capital Llc | Insider | Sell | 400,000 | $6.35 | $2,540,000.00 | |
| 8/4/2016 | Pleasant Lake Partners Llc | Major Shareholder | Sell | 58,000 | $7.49 | $434,420.00 | |
| 9/13/2013 | Special Situations Fund Avenue | Director | Sell | 1,700,000 | $21.00 | $35,700,000.00 | |
| 8/21/2013 | John Mcfarland | VP | Sell | 23,000 | $20.00 | $460,000.00 | |
| 8/12/2013 | Tavakoli Nader | Director | Sell | 25,000 | $19.14 | $478,500.00 | |
| 8/1/2013 | Special Situations Fund Avenue | Director | Sell | 1,694,600 | $19.76 | $33,485,296.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for MagnaChip Semiconductor Corporation (NYSE:MX)
Latest Headlines for MagnaChip Semiconductor Corporation (NYSE:MX)
| Source: |
|
| Date | Headline |
|---|
 | Mid-Day Market Update: Dow Drops Over 100 Points; Aradigm Shares Spike Higher - Nasdaq
www.nasdaq.com - September 25 at 7:38 PM |
 | MagnaChip Semiconductor Corp. breached its 50 day moving average in a Bearish Manner : MX-US : September 18, 2017
finance.yahoo.com - September 19 at 12:49 AM |
 | MagnaChip Semiconductor Corporation (MX) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - September 13 at 2:50 AM |
| MagnaChip to Host Annual Foundry Technology Symposium in Hsinchu, Taiwan in October 2017
finance.yahoo.com - September 12 at 4:04 AM |
| Analyzing Analog Devices (ADI) and MagnaChip Semiconductor Corporation (MX)
www.americanbankingnews.com - September 11 at 4:44 AM |
| Needham & Company LLC Reiterates Buy Rating for MagnaChip Semiconductor Corporation (MX)
www.americanbankingnews.com - September 8 at 6:44 PM |
 | MagnaChip Semiconductor (MX) Presents At Citi 2017 Global Technology Conference - Slideshow
seekingalpha.com - September 8 at 6:06 AM |
 | MagnaChip to Present at Citi Global Technology Conference on Sept. 6 - PR Newswire (press release)
www.prnewswire.com - September 7 at 6:32 AM |
| MagnaChip to Present at Citi Global Technology Conference on Sept. 6
finance.yahoo.com - September 6 at 6:35 AM |
| MagnaChip Semiconductor Corp. :MX-US: Earnings Analysis: Q2, 2017 By the Numbers : August 31, 2017
finance.yahoo.com - September 1 at 6:11 AM |
| Magnachip Semiconductor Corp (MX) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - August 25 at 5:56 PM |
| MagnaChip Semiconductor Corp. – Value Analysis (NYSE:MX) : August 24, 2017
finance.yahoo.com - August 25 at 8:54 AM |
| MagnaChip - An Inexpensive Play On A Semiconductor Megatrend - Seeking Alpha
seekingalpha.com - August 23 at 8:58 AM |
| MagnaChip Semiconductor Corporation (MX) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - August 19 at 2:42 AM |
| MagnaChip Semiconductor Corporation (MX) Director Sells $44,896,978.44 in Stock
www.americanbankingnews.com - August 17 at 7:38 PM |
| Insider Buying: MagnaChip Semiconductor Corporation (MX) Director Buys 10,000 Shares of Stock
www.americanbankingnews.com - August 15 at 8:00 PM |
| MagnaChip Semiconductor Corporation (MX) Director Buys $417,197.00 in Stock
www.americanbankingnews.com - August 14 at 10:46 PM |
 | MagnaChip (MX) Prices 4.09M Share Secondary Offering at $11.10/Sh - StreetInsider.com
www.streetinsider.com - August 12 at 8:05 PM |
| MagnaChip (MX) Prices 4.09M Share Secondary Offering at $11.10/Sh
www.streetinsider.com - August 11 at 6:42 AM |
| Why Shares of MagnaChip Semiconductor Slumped Today
finance.yahoo.com - August 11 at 6:42 AM |
| MagnaChip Discloses Pricing of Secondary Offering by Selling Stockholders of 4,088,978 Shares of Common Stock
finance.yahoo.com - August 10 at 1:16 AM |
| MagnaChip Discloses Commencement of Secondary Offering by Selling Stockholders of 4088978 Shares of Common ... - PR Newswire (press release)
www.prnewswire.com - August 9 at 8:16 PM |
| MagnaChip Discloses Commencement of Secondary Offering by Selling Stockholders of 4,088,978 Shares of Common Stock
finance.yahoo.com - August 9 at 8:16 PM |
| MagnaChip Semiconductor Corporation (MX) Given New $11.00 Price Target at Citigroup Inc.
www.americanbankingnews.com - August 7 at 10:58 AM |
| MagnaChip Semiconductor Corporation -- Moody's: MagnaChip's 2Q 2017 results are consistent with its B3 rating and stable outlook
finance.yahoo.com - August 7 at 5:24 AM |
 | 20 Biggest Mid-Day Gainers For Friday - Benzinga
www.benzinga.com - August 4 at 3:35 PM |
| Edited Transcript of MX.N earnings conference call or presentation 3-Aug-17 9:00pm GMT
finance.yahoo.com - August 4 at 3:35 PM |
| MagnaChip Semiconductor Corporation (NYSE:MX) Stock Rating Reaffirmed by Needham & Company LLC
www.americanbankingnews.com - August 4 at 11:50 AM |
| MagnaChip Semiconductor's (MX) CEO YJ Kim on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 4 at 6:03 AM |
| Investor Network: MagnaChip Semiconductor Corporation to Host Earnings Call
finance.yahoo.com - August 4 at 6:03 AM |
| MagnaChip Reports Second Quarter 2017 Financial Results
finance.yahoo.com - August 4 at 6:03 AM |
| MagnaChip Semiconductor Corporation (NYSE:MX) Cut to "Buy" at BidaskClub
www.americanbankingnews.com - July 29 at 2:19 PM |
| MagnaChip Semiconductor Corporation (NYSE:MX) to Release Quarterly Earnings on Thursday
www.americanbankingnews.com - July 27 at 1:26 PM |
| MagnaChip Semiconductor Corporation (NYSE:MX) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - July 25 at 11:29 AM |
| MagnaChip Semiconductor Is A Buy - Seeking Alpha
seekingalpha.com - July 19 at 12:04 AM |
| Look Twice Before Buying MagnaChip - Seeking Alpha
seekingalpha.com - July 19 at 12:04 AM |
| MagnaChip Selected as Foundry Partner by ELAN Microelectronics ... - PR Newswire (press release)
www.prnewswire.com - July 18 at 6:30 AM |
| MagnaChip Selected as Foundry Partner by ELAN Microelectronics For World's First Fingerprint Sensor IC-Based Smartcard
finance.yahoo.com - July 17 at 9:57 AM |
| MagnaChip Schedules Second Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - July 14 at 6:41 AM |
| BidaskClub Upgrades MagnaChip Semiconductor Corporation (NYSE:MX) to "Strong-Buy"
www.americanbankingnews.com - July 14 at 12:46 AM |
| Needham & Company LLC Reaffirms Buy Rating for MagnaChip Semiconductor Corporation (MX)
www.americanbankingnews.com - July 13 at 7:50 PM |
| Magnachip Semiconductor Corp (MX) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - July 9 at 10:58 PM |
| ETFs with exposure to MagnaChip Semiconductor Corp. : July 5, 2017
finance.yahoo.com - July 5 at 3:31 PM |
| MagnaChip Semiconductor Corporation (MX) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - June 28 at 12:04 AM |
| MagnaChip to Offer 0.13 micron BCD Process Technology with High-Density Embedded Flash
finance.yahoo.com - June 19 at 11:22 AM |
 | 3 Tech Stocks That Rallied in Friday's Rout (MX, ENV)
www.investopedia.com - June 13 at 7:25 AM |
| 3 Tech Stocks That Rallied in Friday's Rout
finance.yahoo.com - June 12 at 4:04 PM |
| Magnachip Semiconductor Corp (MX) Raised to "Hold" at ValuEngine
www.americanbankingnews.com - June 4 at 7:12 AM |
| Magnachip Semiconductor Corp (MX) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - June 2 at 4:04 PM |
| MagnaChip Semiconductor Corp. :MX-US: Earnings Analysis: Q1, 2017 By the Numbers : May 25, 2017
finance.yahoo.com - May 26 at 4:31 AM |
MagnaChip Semiconductor Corporation (MX) Chart for Tuesday, September, 26, 2017
