Media coverage about Magnachip Semiconductor (NYSE:MX) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Magnachip Semiconductor earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.5639858644892 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.
Shares of Magnachip Semiconductor (NYSE MX) traded up $0.15 on Wednesday, reaching $10.60. The company’s stock had a trading volume of 48,863 shares, compared to its average volume of 520,490. The company has a debt-to-equity ratio of -7.66, a current ratio of 2.39 and a quick ratio of 1.86. The company has a market cap of $350.58, a price-to-earnings ratio of 5.36 and a beta of 0.22. Magnachip Semiconductor has a 1 year low of $7.55 and a 1 year high of $13.40.
Magnachip Semiconductor (NYSE:MX) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $174.58 million for the quarter, compared to the consensus estimate of $174.00 million. Magnachip Semiconductor had a negative return on equity of 45.64% and a net margin of 12.50%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 earnings per share. analysts expect that Magnachip Semiconductor will post 0.75 earnings per share for the current year.
In other Magnachip Semiconductor news, Director Melvin L. Keating bought 3,600 shares of Magnachip Semiconductor stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $9.01 per share, with a total value of $32,436.00. Following the completion of the acquisition, the director now directly owns 24,016 shares in the company, valued at approximately $216,384.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Brigade Leveraged Capital Stru sold 149,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $12.93, for a total value of $1,926,570.00. The disclosure for this sale can be found here. Insiders have acquired a total of 20,488 shares of company stock valued at $186,321 over the last three months. Corporate insiders own 3.80% 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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