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 initiated a share repurchase program on Friday, April 7th 2017, which allows the company to buyback $10,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 4.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Magnachip (NYSE:MX) issued its earnings results on Monday, April, 30th. The semiconductor company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by $0.02. The semiconductor company had revenue of $165.80 million for the quarter, compared to analysts' expectations of $161 million. Magnachip had a net margin of 6.43% and a negative return on equity of 58.34%. The business's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share. 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 12 month price objectives for Magnachip's stock. Their forecasts range from $10.00 to $15.00. On average, they expect Magnachip's share price to reach $12.50 in the next year. 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 volume of 206,410 shares, the days-to-cover ratio is presently 10.4 days. Currently, 6.4% of the shares of the stock are short sold.

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

Press coverage about MX stock has been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Magnachip earned a news impact score of 0.08 on Accern's scale. They also gave news coverage about the semiconductor company an impact score of 46.45 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Magnachip's stock is owned by a number of of institutional and retail investors. Top institutional investors 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 $11.10.

Magnachip has a market capitalization of $381.58 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]