Media headlines about Magnachip Semiconductor Corp (NYSE:MX) have been trending somewhat positive recently, according to Alpha One. The research firm, a service of Accern, identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magnachip Semiconductor Corp earned a news sentiment score of 0.10 on Alpha One’s scale. Alpha One also gave media stories about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Shares of Magnachip Semiconductor Corp (NYSE:MX) traded down 2.89% during midday trading on Thursday, reaching $8.40. The company had a trading volume of 215,508 shares. Magnachip Semiconductor Corp has a 52 week low of $4.71 and a 52 week high of $9.70. The company’s 50 day moving average price is $8.28 and its 200-day moving average price is $7.46. The company’s market capitalization is $279.32 million.
Magnachip Semiconductor Corp (NYSE:MX) last posted its earnings results on Thursday, February 9th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.03. Magnachip Semiconductor Corp had a negative net margin of 4.30% and a negative return on equity of 44.29%. The business earned $180.50 million during the quarter, compared to analysts’ expectations of $180 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Magnachip Semiconductor Corp’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities research analysts predict that Magnachip Semiconductor Corp will post $0.24 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Magnachip Semiconductor Corp in a research report on Friday, February 10th. Zacks Investment Research raised Magnachip Semiconductor Corp from a “hold” rating to a “strong-buy” rating and set a $9.25 price objective on the stock in a research report on Tuesday, January 24th.
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In other Magnachip Semiconductor Corp news, Director Camillo Martino bought 8,000 shares of Magnachip Semiconductor Corp stock in a transaction on Wednesday, February 15th. The shares were bought at an average price of $7.45 per share, for a total transaction of $59,600.00. Following the completion of the transaction, the director now directly owns 16,119 shares of the company’s stock, valued at $120,086.55. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 4.20% of the stock is owned by insiders.
About Magnachip Semiconductor Corp
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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