MagnaChip Semiconductor Corporation (MX) Receiving Positive News Coverage, Analysis Finds
Headlines about MagnaChip Semiconductor Corporation (NYSE:MX) have trended positive on Saturday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MagnaChip Semiconductor Corporation earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.3553703343785 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several brokerages have recently weighed in on MX. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of MagnaChip Semiconductor Corporation in a research report on Friday, September 8th. BidaskClub raised MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Thursday, August 10th. Citigroup Inc. raised their target price on MagnaChip Semiconductor Corporation from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Finally, ValuEngine raised MagnaChip Semiconductor Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. MagnaChip Semiconductor Corporation currently has a consensus rating of “Buy” and a consensus target price of $13.00.
MagnaChip Semiconductor Corporation (NYSE MX) traded up 1.34% on Friday, reaching $11.35. The company’s stock had a trading volume of 294,974 shares. MagnaChip Semiconductor Corporation has a 52 week low of $5.20 and a 52 week high of $12.75. The company has a market capitalization of $386.31 million, a price-to-earnings ratio of 24.78 and a beta of -0.37. The firm’s 50 day moving average price is $11.24 and its 200-day moving average price is $9.71.
MagnaChip Semiconductor Corporation (NYSE:MX) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. The business had revenue of $166.70 million during the quarter, compared to analysts’ expectations of $165.00 million. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS. On average, equities analysts predict that MagnaChip Semiconductor Corporation will post $0.78 EPS for the current year.
In other news, Director Tavakoli Nader acquired 39,100 shares of the business’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $10.67 per share, for a total transaction of $417,197.00. Following the completion of the purchase, the director now directly owns 67,686 shares of the company’s stock, valued at approximately $722,209.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Camillo Martino acquired 10,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $10.25 per share, for a total transaction of $102,500.00. Following the purchase, the director now directly owns 31,916 shares of the company’s stock, valued at $327,139. The disclosure for this purchase can be found here. Corporate insiders own 3.80% of the company’s stock.
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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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