Should I buy or sell Magnachip Semiconductor stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magnachip Semiconductor in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MX shares. View MX analyst ratings or view top-rated stocks .

What is Magnachip Semiconductor's stock price target for 2024?

2 Wall Street research analysts have issued 1 year price objectives for Magnachip Semiconductor's shares. Their MX share price targets range from $10.00 to $10.00. On average, they expect the company's share price to reach $10.00 in the next year. This suggests a possible upside of 105.1% from the stock's current price. View analysts price targets for MX or view top-rated stocks among Wall Street analysts .

How have MX shares performed in 2024?

Magnachip Semiconductor's stock was trading at $7.50 on January 1st, 2024. Since then, MX stock has decreased by 35.0% and is now trading at $4.8750. View the best growth stocks for 2024 here .

Are investors shorting Magnachip Semiconductor?

Magnachip Semiconductor saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 521,500 shares, a decline of 28.6% from the March 15th total of 730,200 shares. Based on an average daily trading volume, of 447,800 shares, the short-interest ratio is currently 1.2 days. Currently, 1.4% of the company's shares are sold short. View Magnachip Semiconductor's Short Interest .

When is Magnachip Semiconductor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our MX earnings forecast .

How can I listen to Magnachip Semiconductor's earnings call?

Magnachip Semiconductor will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Magnachip Semiconductor's earnings last quarter?

Magnachip Semiconductor Co. (NYSE:MX) posted its quarterly earnings results on Wednesday, February, 28th. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.08. The semiconductor company had revenue of $50.82 million for the quarter, compared to the consensus estimate of $52.45 million. Magnachip Semiconductor had a negative trailing twelve-month return on equity of 7.85% and a negative net margin of 15.92%. During the same period last year, the firm earned ($0.39) earnings per share.

What ETFs hold Magnachip Semiconductor's stock?

ETFs with the largest weight of Magnachip Semiconductor (NYSE:MX) stock in their portfolio include ProShares Metaverse ETF (VERS) . ProShares Smart Materials ETF (TINT) .

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

Magnachip Semiconductor updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $46.0 million-$51.0 million, compared to the consensus revenue estimate of $53.8 million.

What is Sang Park's approval rating as Magnachip Semiconductor's CEO?

2 employees have rated Magnachip Semiconductor Chief Executive Officer Sang Park on Glassdoor.com . Sang Park has an approval rating of 50% among the company's employees. This puts Sang Park in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Magnachip Semiconductor own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magnachip Semiconductor investors own include Himax Technologies (HIMX) , Accelerate Diagnostics (AXDX) , Fluidigm (FLDM) , Micron Technology (MU) , Alphabet (GOOG) , BIOLASE (BIOL) , NVIDIA (NVDA) , QUALCOMM (QCOM) , Verizon Communications (VZ) and Enterprise Products Partners (EPD) .

Who are Magnachip Semiconductor's major shareholders?

Magnachip Semiconductor's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include Gilbert E Nathan, Woung Moo Lee and Young-Joon Kim. View institutional ownership trends .

How do I buy shares of Magnachip Semiconductor?

Shares of MX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:MX

Magnachip Semiconductor (MX) Stock Price, News & Analysis

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$4.88

-0.05 (-1.02%)

(As of 04/18/2024 ET)

Compare

Today's Range: $4.85
▼
$4.96
50-Day Range: $4.88
▼
$6.81
52-Week Range: $4.84
▼
$11.68

Volume: 290,446 shs
Average Volume: 436,645 shs
Market Capitalization: $186.52 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.00

Get Magnachip Semiconductor alerts:

Magnachip Semiconductor MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 105.1% Upside
$10.00 Price Target
Short Interest: Healthy
1.43% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.97
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.40) to ($1.09) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.32 out of 5 stars

Computer And Technology Sector

264th out of 590 stocks

Semiconductors & Related Devices Industry

38th out of 87 stocks

3.5

Analyst's Opinion

Consensus Rating
Magnachip Semiconductor has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Magnachip Semiconductor has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.43% of the float of Magnachip Semiconductor has been sold short.
Short Interest Ratio / Days to Cover
Magnachip Semiconductor has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Magnachip Semiconductor has recently decreased by 28.58%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Magnachip Semiconductor does not currently pay a dividend.
Dividend Growth
Magnachip Semiconductor does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MX.

2.8

News and Social Media Coverage

News Sentiment
Magnachip Semiconductor has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Magnachip Semiconductor this week, compared to 1 article on an average week.
Search Interest
Only 8 people have searched for MX on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Magnachip Semiconductor to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magnachip Semiconductor insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.50% of the stock of Magnachip Semiconductor is held by insiders.
Percentage Held by Institutions
74.26% of the stock of Magnachip Semiconductor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Magnachip Semiconductor are expected to grow in the coming year, from ($1.40) to ($1.09) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Magnachip Semiconductor is -5.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magnachip Semiconductor is -5.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Magnachip Semiconductor has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Magnachip Semiconductor Stock (NYSE:MX)

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel. The company also offers metal oxide semiconductor field-effect transistors, insulated-gate bipolar transistors, AC-DC converters, DC-DC converters, LED drivers, regulators, and power management integrated circuits for a range of devices comprising televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, and other consumer electronics, as well as for power suppliers, e-bikes, photovoltaic inverters, LED lighting, and motor drives; and OLED display driver integrated circuit products. It serves consumer, computing, communication, automotive and industrial electronics OEMs, original design manufacturers, and electronics manufacturing services companies, as well as subsystem designers in the Asia Pacific, the United States, and Europe. The company sells its products through a direct sales force, as well as through a network of agents and distributors. Magnachip Semiconductor Corporation was incorporated in 2003 and is based in Cheongju, South Korea.

MX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MX Stock News Headlines

April 15, 2024 | businesswire.com

Magnachip to Announce First Quarter 2024 Financial Results on May 2, 2024

April 13, 2024 | investorplace.com

7 Semiconductor Stocks to Turn $100,000 Into $1 Million: April 2024

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March 25, 2024 | finance.yahoo.com

Q4 Earnings Roundup: Microchip Technology (NASDAQ:MCHP) And The Rest Of The Analog Semiconductors Segment

March 21, 2024 | money.usnews.com

MagnaChip Semiconductor Corp

March 20, 2024 | seekingalpha.com

Magnachip Semiconductor Corp Is A Hold Opportunity While Insiders Buy

March 20, 2024 | seekingalpha.com

Magnachip Semiconductor: An Intriguing Stock On A Bad Streak

March 15, 2024 | finance.yahoo.com

MX Apr 2024 5.000 call

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March 15, 2024 | finance.yahoo.com

MX Apr 2024 5.000 put

March 11, 2024 | finance.yahoo.com

Magnachip Semiconductor Full Year 2023 Earnings: EPS Beats Expectations

March 4, 2024 | finance.yahoo.com

Magnachip to Participate in the 36th Annual ROTH Conference

March 4, 2024 | finance.yahoo.com

Here's Why We're Not Too Worried About Magnachip Semiconductor's (NYSE:MX) Cash Burn Situation

March 3, 2024 | uk.finance.yahoo.com

MagnaChip Semiconductor Corporation (MX)

February 29, 2024 | finance.yahoo.com

Magnachip Semiconductor Corporation (NYSE:MX) Q4 2023 Earnings Call Transcript

February 29, 2024 | finance.yahoo.com

Why Magnachip (MX) Shares Are Getting Obliterated Today

February 28, 2024 | msn.com

MagnaChip Semiconductor Non-GAAP EPS of -$0.21 beats by $0.05, revenue of $50.8M misses by $1.67M

February 28, 2024 | finance.yahoo.com

Magnachip (NYSE:MX) Reports Weak Q4

February 27, 2024 | seekingalpha.com

Micron Is One Of My Top Stocks To Buy For The AI Boom, PC Upgrade Cycle And Robotics

February 7, 2024 | finance.yahoo.com

Magnachip to Announce Fourth Quarter 2023 Financial Results on February 28, 2024

February 4, 2024 | morningstar.com

MagnaChip Semiconductor Corp MX

January 30, 2024 | finance.yahoo.com

What To Expect From Magnachip’s (MX) Q4 Earnings

January 11, 2024 | finance.yahoo.com

Institutional investors may adopt severe steps after Magnachip Semiconductor Corporation's (NYSE:MX) latest 10% drop adds to a year losses

January 8, 2024 | msn.com

World's 1st graphene semiconductor could power future quantum computers

January 3, 2024 | finance.yahoo.com

Magnachip to Participate in the 26th Annual Needham Growth Conference

January 1, 2024 | seekingalpha.com

Magnachip: This $7 Stock Could Be The Biggest Bargain In The Chip Sector

December 18, 2023 | markets.businessinsider.com

Magnachip Begins Full-scale Mass Production Of 30V MXT LV MOSFET - Quick Facts

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NYSE:MX
CUSIP: N/A
CIK: 1325702
Web: www.magnachip.com
Phone: (243) 717-7500
Fax: N/A
Employees: 891
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $10.00
High Stock Price Target: $10.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +105.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.87)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-36,620,000.00
Net Margins: -15.92%
Pretax Margin: -20.67%
Return on Equity: -7.85%
Return on Assets: -6.40%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.23
Quick Ratio: 4.54

Sales & Book Value

Annual Sales: $230.05 million
Price / Sales: 0.81
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.89 per share
Price / Book: 0.55

Miscellaneous

Outstanding Shares: 38,260,000
Free Float: 36,539,000
Market Cap: $186.33 million
Optionable: Optionable
Beta: 0.78

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Key Executives

Mr. Young-Joon Kim (Age 59)
CEO & Director
Comp: $2.73M
Ms. Shin Young Park (Age 43)
CFO & Chief Accounting Officer
Comp: $683.87k
Mr. Theodore S. Kim (Age 54)
Chief Compliance Officer, Executive VP, General Counsel & Secretary
Comp: $1.52M
Mr. Woung Moo Lee (Age 61)
Executive VP and GM of Display Solutions & Worldwide Sales
Comp: $501.66k
Dr. Chan Ho Park Ph.D. (Age 60)
General Manager of Power Solutions
Comp: $636.95k
So-Yeon Jeong
Head of Investor Relations
Mr. Jk Minh
Chief of Strategic Planning

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MX Stock Analysis - Frequently Asked Questions

Should I buy or sell Magnachip Semiconductor stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magnachip Semiconductor in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MX shares.
View MX analyst ratings or view top-rated stocks.
What is Magnachip Semiconductor's stock price target for 2024?: 2 Wall Street research analysts have issued 1 year price objectives for Magnachip Semiconductor's shares. Their MX share price targets range from $10.00 to $10.00. On average, they expect the company's share price to reach $10.00 in the next year. This suggests a possible upside of 105.1% from the stock's current price.
View analysts price targets for MX or view top-rated stocks among Wall Street analysts.
How have MX shares performed in 2024?: Magnachip Semiconductor's stock was trading at $7.50 on January 1st, 2024. Since then, MX stock has decreased by 35.0% and is now trading at $4.8750.
View the best growth stocks for 2024 here.
Are investors shorting Magnachip Semiconductor?: Magnachip Semiconductor saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 521,500 shares, a decline of 28.6% from the March 15th total of 730,200 shares. Based on an average daily trading volume, of 447,800 shares, the short-interest ratio is currently 1.2 days. Currently, 1.4% of the company's shares are sold short.
View Magnachip Semiconductor's Short Interest.
When is Magnachip Semiconductor's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MX earnings forecast.
How can I listen to Magnachip Semiconductor's earnings call?: Magnachip Semiconductor will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Magnachip Semiconductor's earnings last quarter?: Magnachip Semiconductor Co. (NYSE:MX) posted its quarterly earnings results on Wednesday, February, 28th. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.08. The semiconductor company had revenue of $50.82 million for the quarter, compared to the consensus estimate of $52.45 million. Magnachip Semiconductor had a negative trailing twelve-month return on equity of 7.85% and a negative net margin of 15.92%. During the same period last year, the firm earned ($0.39) earnings per share.

What ETFs hold Magnachip Semiconductor's stock?: ETFs with the largest weight of Magnachip Semiconductor (NYSE:MX) stock in their portfolio include ProShares Metaverse ETF (VERS).ProShares Smart Materials ETF (TINT).
What guidance has Magnachip Semiconductor issued on next quarter's earnings?: Magnachip Semiconductor updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $46.0 million-$51.0 million, compared to the consensus revenue estimate of $53.8 million.
What is Sang Park's approval rating as Magnachip Semiconductor's CEO?: 2 employees have rated Magnachip Semiconductor Chief Executive Officer Sang Park on Glassdoor.com. Sang Park has an approval rating of 50% among the company's employees. This puts Sang Park in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Magnachip Semiconductor own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Magnachip Semiconductor investors own include Himax Technologies (HIMX), Accelerate Diagnostics (AXDX), Fluidigm (FLDM), Micron Technology (MU), Alphabet (GOOG), BIOLASE (BIOL), NVIDIA (NVDA), QUALCOMM (QCOM), Verizon Communications (VZ) and Enterprise Products Partners (EPD).
Who are Magnachip Semiconductor's major shareholders?: Magnachip Semiconductor's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include Gilbert E Nathan, Woung Moo Lee and Young-Joon Kim.
View institutional ownership trends.
How do I buy shares of Magnachip Semiconductor?: Shares of MX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MX) was last updated on 4/19/2024 by MarketBeat.com Staff

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Magnachip Semiconductor (MX) Stock Price, News & Analysis

Magnachip Semiconductor MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Magnachip Semiconductor Stock (NYSE:MX)

MX Stock Price History

MX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™