Research Analysts’ Recent Ratings Updates for MagnaChip Semiconductor Corporation (MX)

A number of firms have modified their ratings and price targets on shares of MagnaChip Semiconductor Corporation (NYSE: MX) recently:

  • 8/10/2017 – MagnaChip Semiconductor Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “MagnaChip Semiconductor Corporation operates as a designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. The Company operates through three key segments: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Products offered by MagnaChip through its Display Solutions segment includes source and gate drivers and timing controllers that cover a wide range of flat panel displays used in LCD, light emitting diode, or LED, and 3D televisions and displays, mobile PCs and mobile communications and entertainment devices. The Power Solutions products include discrete and integrated circuit solutions for power management in high-volume consumer applications. Semiconductor Manufacturing Services segment provides specialty analog and mixed-signal foundry services for fabless semiconductor companies. MagnaChip Semiconductor Corporation is headquartered in Chungbuk, South Korea. “
  • 8/7/2017 – MagnaChip Semiconductor Corporation had its price target raised by analysts at Citigroup Inc. from $10.50 to $11.00. They now have a “neutral” rating on the stock.
  • 8/4/2017 – MagnaChip Semiconductor Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $15.00 price target on the stock, up previously from $13.00. They wrote, “MX’s OLED product pipeline is expanding with a new 55nm flexible product and two 110nm wins this quarter. We believe that MX is the best positioned play on the transition from LCD to OLED due to its technology lead (55nm product is comparable to others 40nm) and close relationship with Samsung (90% of smartphone OLED panel supply). Current design wins give good visibility into a 2H17 ramp and we believe MX can grow 20% Y/Y in 2018.””
  • 7/28/2017 – MagnaChip Semiconductor Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/13/2017 – MagnaChip Semiconductor Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $13.00 price target on the stock, up previously from $10.00.
  • 7/13/2017 – MagnaChip Semiconductor Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/5/2017 – MagnaChip Semiconductor Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MagnaChip Semiconductor Corporation operates as a designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. The Company operates through three key segments: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Products offered by MagnaChip through its Display Solutions segment includes source and gate drivers and timing controllers that cover a wide range of flat panel displays used in LCD, light emitting diode, or LED, and 3D televisions and displays, mobile PCs and mobile communications and entertainment devices. The Power Solutions products include discrete and integrated circuit solutions for power management in high-volume consumer applications. Semiconductor Manufacturing Services segment provides specialty analog and mixed-signal foundry services for fabless semiconductor companies. MagnaChip Semiconductor Corporation is headquartered in Chungbuk, South Korea. “

Shares of MagnaChip Semiconductor Corporation (NYSE:MX) opened at 11.80 on Thursday. MagnaChip Semiconductor Corporation has a one year low of $5.20 and a one year high of $12.50. The firm has a market capitalization of $399.85 million, a PE ratio of 68.21 and a beta of -0.29. The firm’s 50 day moving average is $10.44 and its 200-day moving average is $8.95.

MagnaChip Semiconductor Corporation (NYSE:MX) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.17. The business had revenue of $166.70 million for the quarter, compared to analyst estimates of $165 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts predict that MagnaChip Semiconductor Corporation will post $0.74 earnings per share for the current fiscal year.

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.

Receive News & Ratings for MagnaChip Semiconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MagnaChip Semiconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.