Citigroup reiterated coverage on MagnaChip Semiconductor with a new price target
$MX
Semiconductors
Technology
Citigroup reiterated coverage of MagnaChip Semiconductor with a rating of and set a new price target of $19.00 from $15.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/14/2021 | Perform | Oppenheimer | |
| 8/23/2021 | $30.00 → $29.00 | Buy | Needham |
8-K/A - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Filer)
8-K/A - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Filer)
8-K - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Filer)
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
Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the third quarter ended September 30, 2025, on Monday, November 3, 2025, 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
-Board Continues to Explore Strategic Alternatives; CAPEX Plans to Be Cut by Over 50% Through 2027- Magnachip Semiconductor Corporation (NYSE:MX) ("Magnachip" or the "Company") today announced that YJ Kim has agreed to step down as CEO and as a member of the Board of Directors, effective immediately. Camillo Martino, Chairman of the Board of Directors, has also been appointed Interim Chief Executive Officer, effective immediately. Magnachip's Interim CEO and Chairman Camillo Martino said, "YJ Kim became CEO during a turbulent period in the Company's history, and has led the firm for the past decade. However, Magnachip now faces several strategic, operational and financial challenges as
Q2 Results Summary Consolidated revenue from continuing operations (which includes Power Analog Solutions ("PAS") and Power IC ("PIC") businesses) increased 8.1% year-over-year to $47.6 million and was above the mid-point of our guidance range of $45.0 to $49.0 million. Consolidated gross profit margin from continuing operations of 20.4% was within our guidance range of 19.5% to 21.5%. Repurchased approximately 0.7 million shares for an aggregate purchase price of $2.3 million. Q2 2025 Highlights Q2 was the fifth consecutive quarter of year-over-year growth from continuing operations primarily driven by Power Analog Solutions (PAS) growth in communications and computing appli
SC 13G/A - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Subject)
SC 13G - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Subject)
SC 13G/A - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Subject)
Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the third quarter ended September 30, 2025, on Monday, November 3, 2025, 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
Q2 Results Summary Consolidated revenue from continuing operations (which includes Power Analog Solutions ("PAS") and Power IC ("PIC") businesses) increased 8.1% year-over-year to $47.6 million and was above the mid-point of our guidance range of $45.0 to $49.0 million. Consolidated gross profit margin from continuing operations of 20.4% was within our guidance range of 19.5% to 21.5%. Repurchased approximately 0.7 million shares for an aggregate purchase price of $2.3 million. Q2 2025 Highlights Q2 was the fifth consecutive quarter of year-over-year growth from continuing operations primarily driven by Power Analog Solutions (PAS) growth in communications and computing appli
Magnachip Semiconductor Corporation ("Magnachip") (NYSE:MX) announced today that it will report its financial results for the second quarter ended June 30, 2025, on Thursday, July 31, 2025, 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-conf
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
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
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
4 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)