Magnachip Semiconductor (NYSE:MX) Stock Rating Lowered by Wall Street Zen

Magnachip Semiconductor (NYSE:MX) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities research analysts have also weighed in on MX. Needham & Company LLC lowered their price target on shares of Magnachip Semiconductor from $6.00 to $5.50 and set a “buy” rating for the company in a report on Friday, August 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Magnachip Semiconductor in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Magnachip Semiconductor presently has a consensus rating of “Hold” and an average price target of $5.50.

Magnachip Semiconductor Stock Performance

Magnachip Semiconductor stock opened at $2.26 on Friday. The stock’s 50 day moving average price is $3.07 and its 200 day moving average price is $3.41. The firm has a market capitalization of $81.18 million, a PE ratio of -2.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.77 and a current ratio of 4.65. Magnachip Semiconductor has a one year low of $2.21 and a one year high of $5.16.

Magnachip Semiconductor (NYSE:MX) last issued its quarterly earnings data on Monday, November 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.07. The company had revenue of $45.95 million during the quarter, compared to the consensus estimate of $46.00 million. Magnachip Semiconductor had a negative net margin of 18.84% and a negative return on equity of 2.88%. Magnachip Semiconductor has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Magnachip Semiconductor will post -1.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Shin Young Park purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was acquired at an average price of $2.87 per share, for a total transaction of $28,700.00. Following the completion of the purchase, the insider owned 251,786 shares in the company, valued at approximately $722,625.82. This represents a 4.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Camillo Martino purchased 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of $2.84 per share, for a total transaction of $85,200.00. Following the completion of the acquisition, the insider directly owned 259,127 shares of the company’s stock, valued at $735,920.68. This represents a 13.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Magnachip Semiconductor

Large investors have recently modified their holdings of the stock. OneDigital Investment Advisors LLC acquired a new stake in Magnachip Semiconductor during the first quarter valued at approximately $35,000. GSA Capital Partners LLP grew its position in shares of Magnachip Semiconductor by 64.6% in the 1st quarter. GSA Capital Partners LLP now owns 184,517 shares of the semiconductor company’s stock worth $633,000 after acquiring an additional 72,439 shares in the last quarter. Tabor Asset Management LP bought a new stake in shares of Magnachip Semiconductor in the 1st quarter valued at approximately $339,000. American Century Companies Inc. increased its holdings in shares of Magnachip Semiconductor by 5.8% in the 1st quarter. American Century Companies Inc. now owns 72,861 shares of the semiconductor company’s stock valued at $250,000 after acquiring an additional 4,010 shares during the last quarter. Finally, PFG Investments LLC acquired a new stake in shares of Magnachip Semiconductor during the 2nd quarter valued at approximately $129,000. Institutional investors own 74.26% of the company’s stock.

Magnachip Semiconductor Company Profile

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.