Magnachip Semiconductor Corporation (MX)

NYSE: MX · IEX Real-Time Price · USD
4.930
-0.060 (-1.20%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-1.20%
Market Cap 188.63M
Revenue (ttm) 230.05M
Net Income (ttm) -36.62M
Shares Out 38.26M
EPS (ttm) -0.89
PE Ratio n/a
Forward PE 29.07
Dividend n/a
Ex-Dividend Date n/a
Volume 263,868
Open 5.010
Previous Close 4.990
Day's Range 4.920 - 5.020
52-Week Range 4.910 - 11.680
Beta 0.75
Analysts Strong Buy
Price Target 11.00 (+123.12%)
Earnings Date May 2, 2024

About MX

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, computing, 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, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organi... [Read more]

Industry Semiconductors
Sector Technology
CEO Young-Joon Kim
Employees 891
Stock Exchange NYSE
Ticker Symbol MX
Full Company Profile

Financial Performance

In 2023, MX's revenue was $230.05 million, a decrease of -31.87% compared to the previous year's $337.66 million. Losses were -$36.62 million, 355.7% more than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for MX stock is "Strong Buy." The 12-month stock price forecast is $11.0, which is an increase of 123.12% from the latest price.

Price Target
$11.0
(123.12% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Magnachip to Announce First Quarter 2024 Financial Results on May 2, 2024

SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the first quarter ended March 31, 2024, ...

2 days ago - Business Wire

Magnachip to Participate in the 36th Annual ROTH Conference

SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) today announced management's participation in the 36th Annual ROTH Conference at The Ritz Carlton, Lag...

6 weeks ago - Business Wire

Magnachip Reports Results for Fourth Quarter and Full-Year 2023

SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced financial results for the fourth quarter and full-year 2023. YJ Kim, ...

7 weeks ago - Business Wire

Magnachip to Announce Fourth Quarter 2023 Financial Results on February 28, 2024

SEOUL, South Korea , Feb. 7, 2024 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the fourth quarter ended De...

2 months ago - PRNewsWire

Magnachip to Participate in the 26th Annual Needham Growth Conference

SEOUL, South Korea , Jan. 3, 2024 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) today announced management's participation in the 26th Annual Needham Growth Conference a...

3 months ago - PRNewsWire

Magnachip Commences Full-Scale Mass Production of New 30V MXT LV MOSFET for Electric Power Steering Systems

Developed with highly rugged trench MOSFET technology, the new 30V MXT LV MOSFET ensures a stable power supply for electric power steering SEOUL, South Korea , Dec. 18, 2023 /PRNewswire/ -- Magnachip ...

4 months ago - PRNewsWire

Magnachip to Participate in UBS Global Technology Conference

SEOUL, South Korea , Nov. 13, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) today announced management's participation in the UBS Global Technology Conference at Th...

5 months ago - PRNewsWire

Magnachip Reports Results for Third Quarter 2023

Revenue of $61.2 million was in-line with guidance . Gross profit margin of 23.6% increased 140 basis points from Q2 , mainly driven by higher fab utilization.

5 months ago - PRNewsWire

Magnachip Commences Mass Production of Two New 650V SJ MOSFETs with a Slim Form Factor

-    The company expands its slim form factor product portfolio by introducing two 650V SJ MOSFETs packaged in a PDFN88 SEOUL, South Korea , Oct. 31, 2023 /PRNewswire/ -- Magnachip Semiconductor Corpo...

6 months ago - PRNewsWire

Magnachip Introduces 6th-Generation 600V SJ MOSFET Developed with Cutting-Edge Microfabrication Technology

The new 600V SJ MOSFET achieves a low RDS(on) of 175mΩ and effectively meets the technical requirements of servers and OLED TVs SEOUL, South Korea , Oct. 30, 2023 /PRNewswire/ -- Magnachip Semiconduct...

6 months ago - PRNewsWire

Magnachip to Announce Third Quarter 2023 Financial Results on November 2

SEOUL, South Korea , Oct. 20, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the third quarter ended Se...

6 months ago - PRNewsWire

Magnachip Unveils New 8th-Generation 150V MXT MV MOSFETs

The company expands its 8th-generation MXT MV MOSFET product portfolio with the addition of newly packaged 150V MXT MV MOSFETs in D2PAK -7L and   PDFN56 SEOUL, South Korea , Oct. 10, 2023 /PRNewswire/...

6 months ago - PRNewsWire

Magnachip Targets Electric Vehicle Market with New 1200V and 650V IGBTs Featuring Advanced Field Stop Trench Technology

- Magnachip commences full-scale mass production of 1200V and 650V IGBTs for PTC heaters of electric vehicles SEOUL, South Korea , Sept. 11, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("...

7 months ago - PRNewsWire

MAGNACHIP SEMICONDUCTOR CORPORATION ANNOUNCES RESIGNATION OF MEL KEATING AS A MEMBER OF THE BOARD OF DIRECTORS

SEOUL, South Korea , Sept. 6, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") received a letter of resignation, dated September 5, 2023, from Mr.

8 months ago - PRNewsWire

Magnachip Reports Results for Second Quarter 2023 Announces New $50 Million Stock Buyback Program

Revenue of $61.0 million was in-line with guidance (vs $60.5M mid-point) and was down 39.8% YoY and up 7% sequentially. Gross profit margin was 22.2%, up 100 basis points from Q1.

9 months ago - PRNewsWire

Magnachip to Announce Second Quarter 2023 Financial Results on August 7

SEOUL, South Korea, July 19, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the second quarter ended Ju...

9 months ago - PRNewsWire

MAGNACHIP ANNOUNCES DIRECTOR RESIGNATION

SEOUL, South Korea , July 17, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced that Gary Tanner has notified the Company of his intent...

9 months ago - PRNewsWire

Magnachip Expands Its 7th-Generation MXT LV MOSFET Line-Up for Battery Protection Circuits of Mobile Devices

SEOUL, South Korea , July 10, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today that the Company has released four new MXT LV Metal-Oxide-S...

10 months ago - PRNewsWire

Magnachip Announces Participation in 15th Annual CEO Investor Summit 2023

SEOUL, South Korea , June 20, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or the "Company") (NYSE: MX) today announced management's participation in the 15th Annual CEO Inves...

10 months ago - PRNewsWire

Magnachip Starts Mass Production of 40V MXT MOSFET for Automotive Energy Recovery Systems

– The 40V MXT MOSFET with   RDS(on)  as low as 1.4mΩ enables effective kinetic energy recovery in cars SEOUL, South Korea , June 12, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachi...

11 months ago - PRNewsWire

MAGNACHIP ANNOUNCES PLAN TO SEPARATE DISPLAY AND POWER BUSINESSES

SEOUL, South Korea , May 30, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced that the Company is separating its display and power bus...

11 months ago - PRNewsWire

Magnachip Reports Results for First Quarter 2023

Revenue of $57.0 million was within our guidance range. YoY, our revenue decreased 45.2% primarily due to continued effects of last year's 28nm wafer supply shortage that impacted second half 2022 des...

1 year ago - PRNewsWire

Magnachip Debuts New Family of 600V SJ MOSFET Products Featuring Fast Recovery Body Diodes

Magnachip introduces new 600V SJ MOSFET with RDS(on) * as low as 44mΩ for EV chargers and servers SEOUL, South Korea , May 2, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "...

1 year ago - PRNewsWire

Magnachip to Announce First Quarter 2023 Financial Results on May 3

Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the first quarter ended March 31, 2023, on Wednesday, May 3, 2023, after the ...

1 year ago - PRNewsWire

Magnachip to Appoint Shareholder Gilbert Nathan to the Board of Directors

SEOUL, South Korea , April 13, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or the "Company") (NYSE: MX) announced today that shareholder Gilbert Nathan will join its Board of...

1 year ago - PRNewsWire