Magnachip Semiconductor Corp (MX) CEO Acquires $81,325.20 in Stock
Magnachip Semiconductor Corp (NYSE:MX) CEO Young-Joon Kim purchased 8,888 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $9.15 per share, for a total transaction of $81,325.20. Following the completion of the transaction, the chief executive officer now owns 67,963 shares of the company’s stock, valued at approximately $621,861.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Magnachip Semiconductor Corp (MX) traded up $0.45 during trading hours on Wednesday, hitting $9.45. The stock had a trading volume of 696,385 shares, compared to its average volume of 663,293. The firm has a market capitalization of $314.54, a P/E ratio of 4.85 and a beta of -0.04. Magnachip Semiconductor Corp has a 12 month low of $7.15 and a 12 month high of $13.40. The company has a current ratio of 2.42, a quick ratio of 1.96 and a debt-to-equity ratio of -4.96.
Magnachip Semiconductor (NYSE:MX) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The business had revenue of $174.58 million during the quarter, compared to analyst estimates of $174.00 million. Magnachip Semiconductor had a net margin of 12.50% and a negative return on equity of 40.94%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share. research analysts predict that Magnachip Semiconductor Corp will post 0.75 EPS for the current fiscal year.
Several brokerages have recently issued reports on MX. ValuEngine raised Magnachip Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of Magnachip Semiconductor in a research report on Wednesday, January 17th. Zacks Investment Research downgraded Magnachip Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, TheStreet downgraded Magnachip Semiconductor from a “c-” rating to a “d” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Magnachip Semiconductor currently has an average rating of “Hold” and a consensus price target of $12.67.
Magnachip Semiconductor 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.
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