Magnachip Semiconductor Corp (NYSE:MX) has been given an average rating of “Hold” by the six analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $13.00.
MX has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Magnachip Semiconductor in a research note on Wednesday, January 17th. Zacks Investment Research cut Magnachip Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 13th. TheStreet upgraded Magnachip Semiconductor from a “d” rating to a “c” rating in a research note on Wednesday, February 7th. Finally, ValuEngine upgraded Magnachip Semiconductor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.
In other Magnachip Semiconductor news, CEO Young-Joon Kim bought 8,888 shares of the stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $9.15 per share, for a total transaction of $81,325.20. Following the purchase, the chief executive officer now directly owns 67,963 shares of the company’s stock, valued at approximately $621,861.45. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jonathan W. Kim bought 8,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $9.07 per share, for a total transaction of $72,560.00. Following the completion of the purchase, the insider now directly owns 62,675 shares in the company, valued at $568,462.25. The disclosure for this purchase can be found here. Insiders have bought a total of 20,488 shares of company stock worth $186,321 over the last quarter. Company insiders own 3.80% of the company’s stock.
Shares of Magnachip Semiconductor (NYSE MX) traded up $0.10 during trading hours on Wednesday, reaching $10.25. The company’s stock had a trading volume of 346,258 shares, compared to its average volume of 532,197. The company has a current ratio of 2.39, a quick ratio of 1.86 and a debt-to-equity ratio of -7.66. Magnachip Semiconductor has a fifty-two week low of $7.34 and a fifty-two week high of $13.40. The company has a market cap of $411.01, a PE ratio of 6.57 and a beta of 0.22.
Magnachip Semiconductor (NYSE:MX) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Magnachip Semiconductor had a net margin of 12.50% and a negative return on equity of 45.64%. The company had revenue of $174.58 million for the quarter, compared to the consensus estimate of $174.00 million. During the same quarter last year, the business posted $0.04 earnings per share. Magnachip Semiconductor’s revenue was down 1.2% on a year-over-year basis. equities research analysts forecast that Magnachip Semiconductor will post 0.75 earnings per share for the current year.
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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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