News coverage about Magnachip Semiconductor Corp (NYSE:MX) has been trending positive recently, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Magnachip Semiconductor Corp earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned press coverage about the semiconductor company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s rankings:
- (CY) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS (wpsuperfanboy.com)
- Magnachip Semiconductor Corp (MX) Earning Somewhat Positive News Coverage, Analysis Shows (americanbankingnews.com)
- Tale of the Tape: MagnaChip Semiconductor Corporation (NYSE:MX) Moves 1.80% – Concord Register (concordregister.com)
- Earnings On Deck For Cypress Semiconductor Corporation (gizpress.com)
- Magnachip Semiconductor Corp (MX) Earns Daily Media Impact Rating of 0.16 (americanbankingnews.com)
A number of analysts have weighed in on MX shares. Zacks Investment Research raised shares of Magnachip Semiconductor Corp from a “hold” rating to a “strong-buy” rating and set a $9.25 price target for the company in a report on Tuesday, January 24th. Needham & Company LLC upgraded shares of Magnachip Semiconductor Corp from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, January 13th.
Shares of Magnachip Semiconductor Corp (NYSE:MX) opened at 8.50 on Monday. Magnachip Semiconductor Corp has a 12 month low of $4.71 and a 12 month high of $9.70. The firm’s market cap is $282.64 million. The company’s 50 day moving average is $8.59 and its 200-day moving average is $7.46.
Magnachip Semiconductor Corp (NYSE:MX) last announced its quarterly earnings data on Thursday, February 9th. The semiconductor company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.03. Magnachip Semiconductor Corp had a negative return on equity of 44.29% and a negative net margin of 4.30%. The firm earned $180.50 million during the quarter, compared to analysts’ expectations of $180 million. During the same period last year, the business posted $0.15 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. Equities research analysts predict that Magnachip Semiconductor Corp will post $0.24 EPS for the current year.
In other news, Director Camillo Martino acquired 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was bought at an average price of $7.45 per share, with a total value of $59,600.00. Following the acquisition, the director now owns 16,119 shares in the company, valued at approximately $120,086.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.
Magnachip Semiconductor Corp 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.