Magnachip Semiconductor (MX) Projected to Post Quarterly Earnings on Monday

Magnachip Semiconductor (NYSE:MX) is anticipated to announce its Q1 2025 earnings results after the market closes on Monday, May 12th. Analysts expect the company to announce earnings of ($0.23) per share and revenue of $44.50 million for the quarter.

Magnachip Semiconductor Price Performance

NYSE:MX opened at $3.26 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.81 and a quick ratio of 4.09. The business has a 50 day simple moving average of $3.36 and a 200-day simple moving average of $3.91. The firm has a market capitalization of $117.57 million, a price-to-earnings ratio of -2.81 and a beta of 0.77. Magnachip Semiconductor has a 1 year low of $2.51 and a 1 year high of $5.98.

Analysts Set New Price Targets

Several brokerages have commented on MX. StockNews.com raised Magnachip Semiconductor from a “sell” rating to a “hold” rating in a research report on Thursday, March 13th. Needham & Company LLC reiterated a “buy” rating and set a $6.00 price objective on shares of Magnachip Semiconductor in a report on Thursday, March 13th.

About Magnachip Semiconductor

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, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.