MagnaChip Semiconductor (MX) Earns Coverage Optimism Rating of 0.19

News stories about MagnaChip Semiconductor (NYSE:MX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MagnaChip Semiconductor earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 47.495460972273 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

MagnaChip Semiconductor (MX) opened at $10.00 on Friday. The company has a debt-to-equity ratio of -4.96, a quick ratio of 1.96 and a current ratio of 2.42. The company has a market cap of $403.03, a P/E ratio of -19.23 and a beta of -0.32. MagnaChip Semiconductor has a 52 week low of $6.05 and a 52 week high of $13.40.

Several equities research analysts have recently commented on MX shares. Zacks Investment Research lowered shares of MagnaChip Semiconductor from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of MagnaChip Semiconductor in a report on Thursday, November 2nd. TheStreet lowered shares of MagnaChip Semiconductor from a “c-” rating to a “d” rating in a report on Thursday, November 2nd. Finally, ValuEngine lowered shares of MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. MagnaChip Semiconductor currently has a consensus rating of “Hold” and a consensus target price of $12.67.

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MagnaChip Semiconductor Company Profile

MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications.

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