Magnachip Semiconductor Co. (NYSE:MX – Get Rating) – Equities researchers at Oppenheimer issued their Q4 2023 EPS estimates for Magnachip Semiconductor in a research report issued on Thursday, November 3rd. Oppenheimer analyst M. Yang anticipates that the semiconductor company will post earnings per share of $0.26 for the quarter. The consensus estimate for Magnachip Semiconductor’s current full-year earnings is $0.30 per share.
MX has been the subject of several other research reports. Needham & Company LLC decreased their price target on shares of Magnachip Semiconductor from $22.00 to $13.00 and set a «buy» rating for the company in a research note on Thursday. StockNews.com began coverage on shares of Magnachip Semiconductor in a research note on Wednesday, October 12th. They issued a «hold» rating for the company.
Magnachip Semiconductor Stock Performance
Magnachip Semiconductor stock opened at $9.54 on Monday. The company has a 50 day moving average price of $10.71 and a 200-day moving average price of $14.21. Magnachip Semiconductor has a fifty-two week low of $9.00 and a fifty-two week high of $22.28. The company has a market capitalization of $428.38 million, a PE ratio of 10.97, a P/E/G ratio of 1.19 and a beta of 1.08.
Magnachip Semiconductor (NYSE:MX – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. Magnachip Semiconductor had a net margin of 11.01% and a return on equity of 7.28%. The firm had revenue of $101.38 million during the quarter, compared to the consensus estimate of $101.70 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share.
Hedge Funds Weigh In On Magnachip Semiconductor
A number of large investors have recently bought and sold shares of MX. Sather Financial Group Inc raised its stake in Magnachip Semiconductor by 2.2% in the first quarter. Sather Financial Group Inc now owns 46,379 shares of the semiconductor company’s stock worth $784,000 after buying an additional 1,000 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Magnachip Semiconductor in the first quarter worth approximately $855,000. Swiss National Bank grew its holdings in Magnachip Semiconductor by 8.0% in the first quarter. Swiss National Bank now owns 98,800 shares of the semiconductor company’s stock worth $1,671,000 after purchasing an additional 7,300 shares during the last quarter. Greenwood Capital Associates LLC grew its holdings in Magnachip Semiconductor by 8.5% in the first quarter. Greenwood Capital Associates LLC now owns 80,335 shares of the semiconductor company’s stock worth $1,358,000 after purchasing an additional 6,284 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Magnachip Semiconductor by 7,060.4% in the first quarter. JPMorgan Chase & Co. now owns 15,538 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 15,321 shares during the last quarter. Institutional investors own 68.38% of the company’s stock.
Magnachip Semiconductor Company Profile
Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, notebook PCs, monitors and liquid crystal displays, and micro light-emitting diode (LED) televisions.
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