Magnachip Semiconductor
MX

$4.95

2.7%

Market Cap: 189M

About: MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communications, Internet of Things applications, consumer, industrial and automotive applications. The company's product portfolio consists of large display solutions, mobile display solutions, sensor solutions, LED solutions, mobile solutions, and power conversions. The company operates in two segments namely Transitional Fab 3 foundry services and Standard products business. The company operates in Korea, Asia Pacific (other than Korea), United States and Europe.

Employees: 891

Information Technology Semiconductors & Related Devices

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 3 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

6% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 34

11.93% less ownership

Funds ownership: 73.55% [Q4 2023] → 61.62% (-11.93%) [Q1 2024]

17% less funds holding

Funds holding: 121 [Q4 2023] → 101 (-20) [Q1 2024]

39% less capital invested

Capital invested by funds: $215M [Q4 2023] → $132M (-$83.4M) [Q1 2024]

65% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 31

79% less call options, than puts

Call options by funds: $1.06M | Put options by funds: $4.97M

100% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 0 (-2) [Q1 2024]

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Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$8

62%

upside

Avg. target

$8.67

75%

upside

High target

$10

102%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

Roth MKM Suji Desilva	62%upside $8	Buy Maintained	3 May 2024
Needham Quinn Bolton	62%upside $8	Buy Maintained	3 May 2024
Needham Quinn Bolton	102%upside $10	Buy Maintained	29 Feb 2024

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Financial journalist opinion

Magnachip to Announce Second Quarter 2024 Financial Results on July 31, 2024

SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the second quarter ended June 30, 2024, on Wednesday, July 31, 2024, after the market closes. The Company will host a corresponding conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss its financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. U.

Magnachip to Announce Second Quarter 2024 Financial Results on July 31, 2024

Magnachip Mixed-Signal Unveils Power Management IC and Level Shifter for Display Panels in IT Devices

SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Mixed-Signal, Ltd. (“MMS” or the “Company”) announced today the release of a multi-functional Power Management Integrated Circuit (PMIC) and a multi-channel level shifter to regulate different voltages and signals within display panels in IT devices. As a subsidiary of Magnachip Semiconductor Corporation (“Magnachip”) (NYSE: MX), MMS has been developing and supplying a wide range of power ICs, including back light unit LED drivers for TVs and LED l.

Magnachip Mixed-Signal Unveils Power Management IC and Level Shifter for Display Panels in IT Devices

Wall Street's Blind Spot: 3 Low-Priced Stocks With High-Octane Potential

As a rule of thumb, overlooked low-priced stocks are that way for a reason. And usually, that reason isn't particularly a good one.

Wall Street's Blind Spot: 3 Low-Priced Stocks With High-Octane Potential

Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China

SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (“Magnachip” or the “Company”) (NYSE: MX) celebrated the opening ceremony of Magnachip Technology Company, Ltd. ("MTC") today at its headquarters located in Hefei, China. MTC is a subsidiary of Magnachip, established on December 20, 2023, to expand the Company's display driver IC and power IC businesses in China. The ceremony was attended by local government officials and Company customers and business partners. This signi.

Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China

Magnachip: Buy The Stock For Cash On The Balance Sheet, Get The Chip Business For $1 Per Share

Magnachip Semiconductor's stock has dropped to just under $5 per share, making it incredibly undervalued. Insiders, including the CEO, have been accumulating shares, indicating confidence in the stock's undervaluation. The company reported better than expected Q1 2024 earnings and has secured new design wins, suggesting future growth potential.

Magnachip: Buy The Stock For Cash On The Balance Sheet, Get The Chip Business For $1 Per Share

7 Ignored Tech Stocks That Deserve Their Share of the Spotlight

With innovations such as artificial intelligence taking the limelight, publicly traded technology enterprises have naturally accrued investor dollars. Still, a better approach may be to consider underappreciated tech stocks.

7 Ignored Tech Stocks That Deserve Their Share of the Spotlight

Magnachip Semiconductor Corporation (MX) Q1 2024 Earnings Call Transcript

Magnachip Semiconductor Corporation (NYSE:MX ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Steven Pelayo - MD, The Blueshirt Group Young-Joon Kim - CEO Shinyoung Park - CFO Conference Call Participants Quinn Bolton - Needham Andrew Northcutt - Oppenheimer Suji Desilva - ROTH MKM Operator Good day, and thank you for standing by. Welcome to the First Quarter 2024 Magnachip Semiconductor Corporation Earnings Conference Call.

Magnachip Semiconductor Corporation (MX) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Magnachip (MX) Reports Q1 Loss, Tops Revenue Estimates

Magnachip (MX) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $0.24 per share a year ago.

Magnachip (MX) Reports Q1 Loss, Tops Revenue Estimates

Magnachip Reports Results for First Quarter 2024

SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced financial results for the first quarter 2024. YJ Kim, Magnachip's Chief Executive Officer, commented, “In Q1 we started the initial revenue ramp for OLED DDICs for the after-service market, and we were awarded two new designs targeted for a leading China smartphone OEM and also for a leading European EV maker. Our Power Analog Solutions (PAS) business revenue grew 1.

Magnachip Reports Results for First Quarter 2024

Magnachip Boosts Its Extensive Automotive Product Lineup With the Release of a New 40V MXT MV MOSFET

SEOUL, South Korea--(BUSINESS WIRE)---- $MX #40V--Magnachip Semiconductor now offers 13 MOSFET and IGBT products for a wide range of automotive applications.

Magnachip Boosts Its Extensive Automotive Product Lineup With the Release of a New 40V MXT MV MOSFET

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