Magnachip Semiconductor (MX) Set to Announce Earnings on Thursday

Magnachip Semiconductor (NYSE:MX) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.38) per share for the quarter. Magnachip Semiconductor has set its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Magnachip Semiconductor (NYSE:MX) last released its earnings results on Wednesday, February 28th. The semiconductor company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.08. Magnachip Semiconductor had a negative net margin of 15.92% and a negative return on equity of 7.85%. The company had revenue of $50.82 million for the quarter, compared to analysts’ expectations of $52.45 million. During the same quarter last year, the business earned ($0.39) EPS. On average, analysts expect Magnachip Semiconductor to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Magnachip Semiconductor Trading Down 0.7 %

NYSE MX opened at $4.84 on Thursday. Magnachip Semiconductor has a 12 month low of $4.72 and a 12 month high of $11.68. The stock has a market cap of $184.99 million, a price-to-earnings ratio of -5.56 and a beta of 0.78. The company’s 50 day moving average is $5.63 and its two-hundred day moving average is $6.60.

Analysts Set New Price Targets

MX has been the topic of several recent analyst reports. Needham & Company LLC reduced their price objective on shares of Magnachip Semiconductor from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. StockNews.com raised shares of Magnachip Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, March 9th.

Magnachip Semiconductor Company Profile

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.