Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, 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, automotives, entertainment devices, notebook PCs, monitors and liquid crystal displays, organic light emitting diodes, and micro light emitting diode (LED) televisions. The company also offers metal oxide semiconductor field effect transistors, insulated-gate bipolar transistors, AC-DC converters, DC-DC converters, LED drivers, switching regulators, linear regulators, and power management integrated circuits for a range of devices comprising televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, and other consumer electronics, as well as for power suppliers, e-bike, photovoltaic inverter, LED lighting, motor drive, and home appliances. It serves consumer, computing, and industrial electronics original equipment manufacturers, original design manufacturers, and electronics manufacturing services companies, as well as subsystem designers in Korea, the Asia Pacific, the United States, Europe, and internationally. The company sells its products through a direct sales force, as well as through a network of agents and representatives; and distributors. Magnachip Semiconductor Corporation is based in Luxembourg, Luxembourg.
IPO Year: 2011
Exchange: NYSE
Website: magnachip.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/14/2021 | Perform | Oppenheimer | |
| 8/23/2021 | $30.00 → $29.00 | Buy | Needham |
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
Financial Highlights Q3 consolidated revenue was $66.5 million, at the high-end of guidance range of $61.5-66.5 million. Q3 standard product business revenue was up 25.9% sequentially. Q3 consolidated gross profit margin of 23.3% was in-line with the mid-point of guidance range of 22.5-24.5%. Q3 standard product business gross profit margin was 24.4%, up 1.3 percentage points sequentially. Ended Q3 with cash of $121.1 million; and an additional non-redeemable short-term financial investment of $30 million. Repurchased approximately 0.5 million shares for aggregate purchase price of $2.5 million during the quarter. Operational Highlights Broad-based sequential revenue gro
Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the third quarter ended September 30, 2024, on Wednesday, October 30, 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. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://registe
Financial Highlights Q2 consolidated revenue was $53.2 million, above the mid-point of guidance range of $49-54 million. Q2 standard product business revenue was up 11.6% sequentially. Q2 consolidated gross profit margin was 21.8%, above the upper end of guidance range of 17-19%. Q2 standard product business gross profit margin was 23.1%, up nearly two percentage points sequentially. Ended Q2 with cash of $132.5 million; and also have an additional short-term financial investment of $30 million. Repurchased approximately 0.5 million shares for aggregate purchase price of $2.3 million during the quarter. Operational Highlights Held formal opening ceremony in China
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. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://register.vev
Financial Highlights Q1 consolidated revenue was $49.1 million, within our guidance range of $46-51 million. Q1 standard product business revenue was up 10.6% sequentially. Q1 consolidated gross profit margin was 18.3%, within our guidance range of 17-20%. Q1 standard product business gross profit margin was down 170 basis points sequentially, mostly due to lower Gumi fab utilization driven by the wind-down of Transitional Foundry Services. Ended Q1 with $29.7 million in long-term borrowing and $171.6 million in cash. Repurchased approximately $4.1 million or 0.6 million shares during the quarter. Operational Highlights Secured a new high-end smartphone OLED DDIC
Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the first quarter ended March 31, 2024, on Thursday, May 2, 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. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://register.vevent
Announces successful design-wins with Smartphone Chinese OEMs Financial Highlights Q4 revenue of $50.8 million was near the low-end of our guidance range. Q4 gross profit margin was 22.7%, near the low-end of our guidance range. Ended Q4 with no debt and cash of $158.1 million. Repurchased approximately $8.2 million of stock during the quarter. Full-year revenue of $230.1 million decreased 31.9% YoY. Full-year gross profit margin was 22.4%, down 760 bps YoY. Operational Highlights Secured 1st design-win and began initial shipment in Q4 for first generation OLED DDIC for after-service market. Secured 2nd design-win following quarter close with leading Chinese sma
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 December 31, 2023, on Wednesday, February 28, 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. Upon registering, each participant will receive access details for
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. The sequential improvement was primarily driven by higher utilization at our Gumi Fab.GAAP diluted loss per share was $0.09; Non-GAAP diluted loss per share was $0.06.Completed $25.5 million of stock buyback during the quarter.Ended the quarter with a strong balance sheet with $173 million cash and no debt.Board of Directors authorized a new $50 million stock buyback program.SEOUL, South Korea, Aug. 7, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip" or the "Company") today announced f
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 June 30, 2023, on Monday, August 7, 2023, after the market close. 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. Upon registering, each participant will receive access details for this even
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. Mel Keating, a member of the board of directors of the Company (the "Board"), whose resignation was accepted by the Board and effective as of September 5, 2023. Now that the Company has announced its plan to separate its Display and Power operations into two distinct legal entities, Mr. Keating has decided that, after over 7 years of service as a member of the Board, during which time
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 Directors pursuant to the terms of an agreement (the "Agreement") entered into with Mr. Nathan and two of his affiliated entities. Under the terms of the Agreement, Mr. Nathan will immediately join the Company as an observer of the Company's Board of Directors (the "Board") and any ad hoc Strategic Review Committee of the Board (the "Strategic Review Committee"). In addition, reasonably promptly following the Company's 2023 Annual Meeting of Stockholders, the Board will appoint Mr. Nathan as a di
Oppenheimer resumed coverage of MagnaChip Semi with a rating of Perform
Needham reiterated coverage of MagnaChip Semiconductor with a rating of Buy and set a new price target of $29.00 from $30.00 previously
Needham & Company LLC reiterated coverage of MagnaChip Semiconductor with a rating of Buy and set a new price target of $30.00 from $25.00 previously
Roth Capital reiterated coverage of MagnaChip Semiconductor with a rating of Buy and set a new price target of $30.00 from $20.00 previously
Citigroup reiterated coverage of MagnaChip Semiconductor with a rating of and set a new price target of $20.00 from $10.00 previously
Roth Capital reiterated coverage of MagnaChip Semiconductor with a rating of Buy and set a new price target of $30.00 from $20.00 previously
Oppenheimer resumed coverage of MagnaChip Semiconductor with a rating of Buy and set a new price target of $25.00
Needham reiterated coverage of MagnaChip Semiconductor with a rating of Buy and set a new price target of $30.00 from $25.00 previously
Citigroup reiterated coverage of MagnaChip Semiconductor with a rating of and set a new price target of $19.00 from $15.00 previously
Financial Highlights Q3 consolidated revenue was $66.5 million, at the high-end of guidance range of $61.5-66.5 million. Q3 standard product business revenue was up 25.9% sequentially. Q3 consolidated gross profit margin of 23.3% was in-line with the mid-point of guidance range of 22.5-24.5%. Q3 standard product business gross profit margin was 24.4%, up 1.3 percentage points sequentially. Ended Q3 with cash of $121.1 million; and an additional non-redeemable short-term financial investment of $30 million. Repurchased approximately 0.5 million shares for aggregate purchase price of $2.5 million during the quarter. Operational Highlights Broad-based sequential revenue gro
Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE:MX) announced today the expansion of production for its 7th generation 1)MXT LV MOSFETs, which are based on Magnachip's Super Short Channel FET (SSCFET®) technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028822717/en/Magnachip expands production of 7th generation MXT LV MOSFETs. (Graphic: Business Wire) As mobile devices become more advanced, the demand for compact Low Voltage (LV) MOSFETs with low 2)RSS(on) continues to grow. Magnachip's MXT LV MOSFET product family offers exceptionally low RSS(on), enabled by the SSCFET® technology. This technology
Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the third quarter ended September 30, 2024, on Wednesday, October 30, 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. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://registe
- The new 40V MXT MV MOSFETs are optimized for automotive motors and low-power control systems, featuring a compact form factor and a low gate threshold voltage Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE:MX) announced the release of four new 40V 1)MXT MV MOSFETs designed in Power Dual Flat No-Lead (PDFN) 33 packages for automotive applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240909180314/en/Magnachip's new automotive 40V MXT MV MOSFETs (Photo: Business Wire) As automotive technologies like autonomous driving and infotainment systems advance, the number and variety of motors installed i
Financial Highlights Q2 consolidated revenue was $53.2 million, above the mid-point of guidance range of $49-54 million. Q2 standard product business revenue was up 11.6% sequentially. Q2 consolidated gross profit margin was 21.8%, above the upper end of guidance range of 17-19%. Q2 standard product business gross profit margin was 23.1%, up nearly two percentage points sequentially. Ended Q2 with cash of $132.5 million; and also have an additional short-term financial investment of $30 million. Repurchased approximately 0.5 million shares for aggregate purchase price of $2.3 million during the quarter. Operational Highlights Held formal opening ceremony in China
Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE:MX) announced the release of its 8th-generation 1)MXT LV MOSFET (Metal Oxide Semiconductor Field Effect Transistor) for smartphone battery protection circuits. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240730855595/en/Magnachip's new 12V MXT LV MOSFET features high power efficiency and is optimized for a wide range of battery protection applications in premium smartphones, particularly on-device AI smartphones. (Graphic: Business Wire) Magnachip has introduced its proprietary Super-Short Channel FET II (SSCFET® II) technology for the first time in the Comp
- The Company provides optimized solutions for the solar energy market with its diverse IGBT and MXT MV MOSFET* products Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE:MX) announced today the completion of the development of its 1200V 75A Insulated Gate Bipolar Transistor (IGBT) in a TO-247PLUS package, designed for solar inverters. The Company plans to start mass production in October this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240729773628/en/Magnachip provides optimized solutions for the solar energy market with its diverse IGBT and MXT MV MOSFET products. (Photo: Business Wire) Magnachip
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. Upon registering, each participant will receive access details for this event, including the dial-in numbers, a PIN number, and an e-mail with detailed instructions to join the conference call. Online registration: https://register.vev
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610071458/en/Magnachip Mixed Signal's New Power Management IC and Level Shifter for IT Panels (Photo: Business Wire) 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 lighting
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 significant event underscores Magnachip's commitment to establishing a strong foothold in China and fostering sustainable growth in the Chinese market. Hefei is renowned for its burgeoning IC industrial cluster and has the goal of becoming
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Roth MKM analyst Suji Desilva maintains MagnaChip Semiconductor (NYSE:MX) with a Buy and lowers the price target from $10 to $8.
Needham analyst Quinn Bolton maintains MagnaChip Semiconductor (NYSE:MX) with a Buy and lowers the price target from $10 to $8.
The Q2 outlook includes approximately $1.5 million of Transitional Foundry Services. For the full-year 2024, reiterated prior guidance: Consolidated revenue flat-to-up-slightly year-over-year as recovery in MSS and PAS is offset by the phase-out of Transitional Foundry Services. FY24 Consolidated gross profit margin between 17% to 20%, primarily as a result of the impact of idle capacity expected from the phase-out of Transitional Foundry Services. This compares with the consolidated gross profit margin of 22.4% in 2023.
MagnaChip Semiconductor (NYSE:MX) reported quarterly losses of $(0.28) per share which beat the analyst consensus estimate of $(0.33) by 15.15 percent. This is a 16.67 percent decrease over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $49.067 million which beat the analyst consensus estimate of $48.733 million by 0.68 percent. This is a 13.93 percent decrease over sales of $57.005 million the same period last year.
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Needham analyst Quinn Bolton maintains MagnaChip Semiconductor (NYSE:MX) with a Buy and lowers the price target from $13 to $10.