Magnachip Semiconductor Corp. (NYSE:MX) – Stock analysts at Roth Capital issued their Q3 2016 earnings per share (EPS) estimates for shares of Magnachip Semiconductor Corp. in a note issued to investors on Wednesday. Roth Capital analyst S. Desilva anticipates that the firm will post earnings of ($0.08) per share for the quarter. Roth Capital currently has a “Buy” rating and a $10.00 target price on the stock. Roth Capital also issued estimates for Magnachip Semiconductor Corp.’s Q4 2016 earnings at ($0.11) EPS, FY2016 earnings at ($0.47) EPS, Q1 2017 earnings at ($0.16) EPS, Q2 2017 earnings at ($0.01) EPS, Q3 2017 earnings at $0.12 EPS, Q4 2017 earnings at $0.12 EPS and FY2017 earnings at $0.07 EPS.
Magnachip Semiconductor Corp. (NYSE:MX) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.20. The business had revenue of $167.10 million for the quarter, compared to the consensus estimate of $159 million.
Magnachip Semiconductor Corp. (NYSE:MX) opened at 8.34 on Monday. Magnachip Semiconductor Corp. has a 52-week low of $3.10 and a 52-week high of $9.17. The company’s 50-day moving average is $8.27 and its 200-day moving average is $6.21. The company’s market capitalization is $289.66 million.
In related news, major shareholder Pleasant Lake Partners Llc sold 58,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $7.49, for a total value of $434,420.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. acquired a new stake in Magnachip Semiconductor Corp. during the first quarter valued at approximately $4,646,000. Bogle Investment Management L P DE acquired a new stake in Magnachip Semiconductor Corp. during the first quarter valued at approximately $578,000. Oxford Asset Management increased its stake in Magnachip Semiconductor Corp. by 209.3% in the second quarter. Oxford Asset Management now owns 176,358 shares of the company’s stock valued at $998,000 after buying an additional 119,331 shares during the period. Springowl Associates LLC increased its stake in Magnachip Semiconductor Corp. by 17.2% in the second quarter. Springowl Associates LLC now owns 106,900 shares of the company’s stock valued at $605,000 after buying an additional 15,700 shares during the period. Finally, Brigade Capital Management LP increased its stake in Magnachip Semiconductor Corp. by 5.3% in the second quarter. Brigade Capital Management LP now owns 1,975,000 shares of the company’s stock valued at $11,179,000 after buying an additional 100,000 shares during the period. 76.38% of the stock is currently owned by institutional investors and hedge funds.
About Magnachip Semiconductor Corp.
MagnaChip Semiconductor Corporation is a holding company, which designs and manufactures 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 applications.
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