News headlines about Magnachip (NYSE:MX) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Magnachip earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 47.087660033909 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
Several research firms have commented on MX. ValuEngine upgraded Magnachip from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Magnachip in a research note on Wednesday, January 17th. TheStreet upgraded Magnachip from a “d” rating to a “c” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research cut Magnachip from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.67.
Shares of Magnachip stock opened at $9.10 on Friday. Magnachip has a 12-month low of $8.05 and a 12-month high of $13.40. The company has a market cap of $311.25, a PE ratio of 11.97 and a beta of 0.17. 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 (NYSE:MX) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Magnachip had a negative return on equity of 45.64% and a net margin of 12.50%. The company had revenue of $174.58 million for the quarter, compared to the consensus estimate of $174.00 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. equities analysts expect that Magnachip will post 0.75 earnings per share for the current fiscal year.
In related news, CEO Young-Joon Kim acquired 8,888 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price 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 in the company, valued at approximately $621,861.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Melvin L. Keating acquired 3,600 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of $9.01 per share, for a total transaction of $32,436.00. Following the purchase, the director now owns 24,016 shares in the company, valued at $216,384.16. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 20,488 shares of company stock worth $186,321. Company insiders own 3.80% of the company’s stock.
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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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