Magnachip Semiconductor (NYSE:MX) Lowered to “Sell” Rating by Wall Street Zen

Magnachip Semiconductor (NYSE:MX) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also issued reports on the company. Needham & Company LLC reduced their price target on Magnachip Semiconductor from $6.00 to $5.50 and set a “buy” rating on the stock in a research report on Friday, August 1st. Weiss Ratings restated a “sell (e+)” rating on shares of Magnachip Semiconductor in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.50.

Magnachip Semiconductor Stock Performance

NYSE:MX opened at $2.26 on Friday. Magnachip Semiconductor has a 52 week low of $2.21 and a 52 week high of $5.16. The company has a fifty day simple moving average of $3.07 and a two-hundred day simple moving average of $3.40. The company has a quick ratio of 3.77, a current ratio of 4.65 and a debt-to-equity ratio of 0.14. The company has a market cap of $81.18 million, a price-to-earnings ratio of -2.19 and a beta of 0.91.

Magnachip Semiconductor (NYSE:MX) last announced its quarterly earnings data on Monday, November 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.07. The business had revenue of $45.95 million for the quarter, compared to analysts’ expectations of $46.00 million. Magnachip Semiconductor had a negative return on equity of 2.88% and a negative net margin of 18.84%. Magnachip Semiconductor has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Magnachip Semiconductor will post -1.22 earnings per share for the current fiscal year.

Insider Activity

In other Magnachip Semiconductor news, insider Camillo Martino acquired 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were acquired at an average price of $2.84 per share, for a total transaction of $85,200.00. Following the acquisition, the insider owned 259,127 shares in the company, valued at $735,920.68. The trade was a 13.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shin Young Park bought 10,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were acquired at an average cost of $2.87 per share, for a total transaction of $28,700.00. Following the transaction, the insider directly owned 251,786 shares in the company, valued at approximately $722,625.82. This represents a 4.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 5.70% of the company’s stock.

Institutional Trading of Magnachip Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC acquired a new position in shares of Magnachip Semiconductor in the 1st quarter valued at $35,000. Sei Investments Co. acquired a new stake in Magnachip Semiconductor during the 2nd quarter worth $61,000. ProShare Advisors LLC purchased a new stake in Magnachip Semiconductor in the second quarter valued at $73,000. NewEdge Advisors LLC purchased a new stake in Magnachip Semiconductor in the second quarter valued at $74,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Magnachip Semiconductor in the second quarter valued at $81,000. Institutional investors and hedge funds own 74.26% of the company’s stock.

About Magnachip Semiconductor

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.