Citigroup reiterated coverage on MagnaChip Semiconductor with a new price target
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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 |
SCHEDULE 13G/A - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Subject)
10-Q - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Filer)
8-K - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Filer)
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
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
SC 13G/A - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Subject)
SC 13G - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Subject)
SC 13G/A - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Subject)
3 - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
3/A - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
4/A - MAGNACHIP SEMICONDUCTOR Corp (0001325702) (Issuer)
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
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
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.