Magnachip (MX) Earns Daily News Sentiment Rating of 0.12

News coverage about Magnachip (NYSE:MX) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Magnachip earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.5639858644892 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of brokerages have recently issued reports on MX. ValuEngine downgraded shares of Magnachip from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. TheStreet upgraded shares of Magnachip from a “d” rating to a “c” rating in a report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Magnachip from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Magnachip in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.67.

Shares of MX stock traded up $0.20 on Wednesday, hitting $10.30. 225,420 shares of the stock were exchanged, compared to its average volume of 505,346. The company has a debt-to-equity ratio of -7.66, a current ratio of 2.39 and a quick ratio of 1.86. Magnachip has a 1-year low of $8.05 and a 1-year high of $13.40. The stock has a market cap of $343.74, a P/E ratio of 5.28 and a beta of 0.22.

Magnachip (NYSE:MX) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Magnachip had a net margin of 12.50% and a negative return on equity of 45.64%. The business had revenue of $174.58 million for the quarter, compared to analysts’ expectations of $174.00 million. During the same quarter last year, the business posted $0.04 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. equities analysts forecast that Magnachip will post 0.75 EPS for the current fiscal year.

In other news, CEO Young-Joon Kim purchased 8,888 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $9.15 per share, with a total value of $81,325.20. Following the purchase, the chief executive officer now directly owns 67,963 shares of the company’s stock, valued at $621,861.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Brigade Leveraged Capital Stru sold 149,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $12.93, for a total transaction 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 90 days. 3.80% of the stock is currently owned by insiders.

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Magnachip Company Profile

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.

Insider Buying and Selling by Quarter for Magnachip (NYSE:MX)

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