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.