Impact of Brokerage Rating on MagnaChip Semiconductor Corporation(MX)

Many MagnaChip Semiconductor Corporation(MX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Magnachip Semiconductor Corp was Upgraded by Needham on Jan 13, 2017 to Buy, Price Target of the shares are set at $10.

Magnachip Semiconductor Corp Last issued its quarterly earnings results on Feb 9, 2017. The company reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.07. Analyst had a consensus of $0.12. The company had revenue of $180.50 million for the quarter, compared to analysts expectations of $180.00 million. The companys revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

MagnaChip Semiconductor Corporation (NYSE:MX) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.33 by 3 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.

MagnaChip Semiconductor Corporation (NYSE:MX): 3 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $8.67 in MagnaChip Semiconductor Corporation (NYSE:MX). However, the stock price could fluctuate by $ 3.21 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $11 price target with the lower price estimate is calculated at $5

MagnaChip Semiconductor Corporation (NYSE:MX) rose 2.67% or 0.2 points on Tuesday and made its way into the gainers of the day. After trading began at $7.45 the stock was seen hitting $7.8 as a peak level and $7.45 as the lowest level. The stock ended up at $7.7. The daily volume was measured at 839,525 shares. The 52-week high of the share price is $9.17 and the 52-week low is $3.1. The company has a market cap of $270 million.

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.

MagnaChip

Share this post

Leave a Reply