Magnachip Semiconductor (NYSE:MX) will issue its quarterly earnings data after the market closes on Tuesday, February 6th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
Magnachip Semiconductor (NYSE:MX) last released its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. On average, analysts expect Magnachip Semiconductor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Magnachip Semiconductor (NYSE MX) opened at $12.55 on Tuesday. The company has a debt-to-equity ratio of -4.96, a current ratio of 2.42 and a quick ratio of 1.96. Magnachip Semiconductor has a 52-week low of $7.00 and a 52-week high of $13.40. The firm has a market cap of $500.80, a P/E ratio of -24.13 and a beta of -0.29.
MX has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Magnachip Semiconductor in a research report on Wednesday, January 17th. Zacks Investment Research downgraded shares of Magnachip Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. TheStreet downgraded shares of Magnachip Semiconductor from a “c-” rating to a “d” rating in a research report on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Magnachip Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $12.67.
In other news, major shareholder Brigade Leveraged Capital Stru sold 149,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $12.93, for a total transaction of $1,926,570.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Magnachip Semiconductor stock. State Street Corp increased its position in shares of Magnachip Semiconductor Corp (NYSE:MX) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,222 shares of the semiconductor company’s stock after purchasing an additional 606 shares during the period. State Street Corp owned 0.12% of Magnachip Semiconductor worth $394,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 90.65% of the company’s stock.
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About Magnachip Semiconductor
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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