MagnaChip Semiconductor (MX) Earning Somewhat Favorable Press Coverage, Report Shows
Media coverage about MagnaChip Semiconductor (NYSE:MX) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MagnaChip Semiconductor earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 47.2262907459583 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
MagnaChip Semiconductor (NYSE:MX) opened at $10.65 on Tuesday. MagnaChip Semiconductor has a one year low of $6.00 and a one year high of $13.40. The company has a debt-to-equity ratio of -4.96, a quick ratio of 1.96 and a current ratio of 2.42.
A number of research analysts recently weighed in on MX shares. BidaskClub upgraded MagnaChip Semiconductor from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of MagnaChip Semiconductor in a report on Friday, September 8th. Zacks Investment Research cut MagnaChip Semiconductor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine cut MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, TheStreet cut MagnaChip Semiconductor from a “c-” rating to a “d” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.67.
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MagnaChip Semiconductor 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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