MagnaChip Semiconductor Corporation (MX) Receives Daily Coverage Optimism Score of 0.20
Media headlines about MagnaChip Semiconductor Corporation (NYSE:MX) have trended somewhat positive on Thursday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MagnaChip Semiconductor Corporation earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 44.725979490491 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- MagnaChip Semiconductor Corp (MX) Mesa Moving Average Climbs Above FAMA – Evergreen Caller (evergreencaller.com)
- MagnaChip Semiconductor Corporation (MX) while Ceragon Networks Ltd. (CRNT) – Stocks Gallery (stocksgallery.com)
- MagnaChip Semiconductor Corporation (MX) Upgraded to Buy by BidaskClub (alltheinternetofthings.com)
- 13G Filing: Oaktree Capital Management and Magnachip Semiconductor Corp (MX) (insidermonkey.com)
- Magnachip Semiconductor Corp (MX) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
MX has been the subject of several research analyst reports. Zacks Investment Research raised MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Thursday, August 10th. BidaskClub raised MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective (up from $10.00) on shares of MagnaChip Semiconductor Corporation in a report on Thursday, July 13th. Citigroup Inc. increased their price objective on MagnaChip Semiconductor Corporation from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Finally, TheStreet raised MagnaChip Semiconductor Corporation from a “d” rating to a “c-” rating in a report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. MagnaChip Semiconductor Corporation presently has a consensus rating of “Buy” and a consensus target price of $12.25.
Shares of MagnaChip Semiconductor Corporation (NYSE:MX) traded up 1.33% during midday trading on Thursday, hitting $11.40. The company had a trading volume of 280,820 shares. The stock’s 50-day moving average price is $11.03 and its 200-day moving average price is $9.24. MagnaChip Semiconductor Corporation has a 12 month low of $5.20 and a 12 month high of $12.75. The company has a market cap of $388.01 million, a price-to-earnings ratio of 24.89 and a beta of -0.29.
MagnaChip Semiconductor Corporation (NYSE:MX) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.17. The company had revenue of $166.70 million for the quarter, compared to analyst estimates of $165 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts forecast that MagnaChip Semiconductor Corporation will post $0.78 EPS for the current year.
In related news, Director Camillo Martino acquired 10,000 shares of MagnaChip Semiconductor Corporation stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of $10.25 per share, for a total transaction of $102,500.00. Following the transaction, the director now directly owns 31,916 shares of the company’s stock, valued at approximately $327,139. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marc Lasry sold 4,088,978 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $10.98, for a total value of $44,896,978.44. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.
MagnaChip Semiconductor Corporation Company Profile
MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.
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