Magnachip Semiconductor (MX) Stock Price, News & Analysis

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magnachip Semiconductor in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MX shares.
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2 brokers 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 predict the company's stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 102.8% from the stock's current price.
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Magnachip Semiconductor's stock was trading at $7.50 at the beginning of the year. Since then, MX shares have decreased by 34.3% and is now trading at $4.93.
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Magnachip Semiconductor saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 521,500 shares, a drop 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 presently 1.2 days. Approximately 1.4% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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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.

Magnachip Semiconductor Co. (NYSE:MX) issued its quarterly earnings results on Wednesday, February, 28th. The semiconductor company reported ($0.26) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.08. The semiconductor company earned $50.82 million during 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 in the previous year, the business earned ($0.39) earnings per share.

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

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.

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.

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).

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.
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