NYSE:MX

Magnachip Semiconductor (MX) Stock Price, News & Analysis

$4.88
+0.10 (+2.09%)
(As of 12:09 PM ET)
Today's Range
$4.73
$4.88
50-Day Range
$4.79
$6.69
52-Week Range
$4.70
$11.68
Volume
35,946 shs
Average Volume
418,666 shs
Market Capitalization
$186.71 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.00

Magnachip Semiconductor MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
107.9% Upside
$10.00 Price Target
Short Interest
Healthy
0.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.67mentions of Magnachip Semiconductor in the last 14 days
Based on 2 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.

3.43 out of 5 stars

Computer And Technology Sector

266th out of 591 stocks

Semiconductors & Related Devices Industry

42nd out of 87 stocks

MX stock logo

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

MX Stock News Headlines

Exposed: 10 CENT Crypto to Explode April 20th?
The man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…
MagnaChip Semiconductor Corp
The “Next Bitcoin”? 10 CENT Crypto Set to Explode
The man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…
MX Apr 2024 5.000 call
MX Apr 2024 5.000 put
MagnaChip Semiconductor Corporation (MX)
Why Magnachip (MX) Shares Are Getting Obliterated Today
Magnachip (NYSE:MX) Reports Weak Q4
MagnaChip Semiconductor Corp MX
What To Expect From Magnachip’s (MX) Q4 Earnings
See More Headlines
Receive MX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Magnachip Semiconductor and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/28/2024
Today
4/26/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
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
+109.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-36,620,000.00
Pretax Margin
-20.67%

Debt

Sales & Book Value

Annual Sales
$230.05 million
Book Value
$8.89 per share

Miscellaneous

Free Float
36,539,000
Market Cap
$183.07 million
Optionable
Optionable
Beta
0.78
20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report

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

MX Stock Analysis - Frequently Asked Questions

Should I buy or sell Magnachip Semiconductor stock right now?

2 Wall Street 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 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 equities research analysts have issued 1 year price objectives for Magnachip Semiconductor's stock. 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 107.9% 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 at the beginning of the year. Since then, MX stock has decreased by 35.9% and is now trading at $4.81.
View the best growth stocks for 2024 here
.

Are investors shorting Magnachip Semiconductor?

Magnachip Semiconductor saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 148,700 shares, a decrease of 71.5% from the March 31st total of 521,500 shares. Based on an average daily volume of 453,200 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.
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) issued its quarterly earnings data on Wednesday, February, 28th. The semiconductor company reported ($0.26) EPS for the quarter, beating the consensus estimate 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 firm earned ($0.39) EPS.

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 issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share 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 4/26/2024 by MarketBeat.com Staff

From Our Partners