Positive News Coverage Somewhat Unlikely to Impact Magnachip (MX) Stock Price

News articles about Magnachip (NYSE:MX) have trended positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magnachip earned a news impact score of 0.25 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 47.1309156255669 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s rankings:

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Several research analysts recently weighed in on MX shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Magnachip in a research report on Wednesday, January 17th. Zacks Investment Research lowered Magnachip from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 13th. TheStreet raised Magnachip from a “d” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, ValuEngine raised Magnachip from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Magnachip presently has a consensus rating of “Hold” and an average price target of $12.67.

Shares of MX opened at $9.40 on Monday. The company has a debt-to-equity ratio of -7.66, a quick ratio of 1.86 and a current ratio of 2.39. The firm has a market capitalization of $321.51, a P/E ratio of 12.37 and a beta of 0.17. Magnachip has a twelve month low of $8.05 and a twelve month high of $13.40.

Magnachip (NYSE:MX) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $174.58 million during the quarter, compared to analysts’ expectations of $174.00 million. Magnachip had a negative return on equity of 45.64% and a net margin of 12.50%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. equities research analysts expect that Magnachip will post 0.75 EPS for the current year.

In related news, Director Melvin L. Keating purchased 3,600 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $9.01 per share, for a total transaction of $32,436.00. Following the acquisition, the director now owns 24,016 shares in the company, valued at $216,384.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan W. Kim purchased 8,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $9.07 per share, with a total value of $72,560.00. Following the completion of the acquisition, the insider now owns 62,675 shares in the company, valued at approximately $568,462.25. The disclosure for this purchase can be found here. Insiders purchased a total of 20,488 shares of company stock worth $186,321 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

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About Magnachip

MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The company operates through two segments, Foundry Services Group and Standard Products Group.

Insider Buying and Selling by Quarter for Magnachip (NYSE:MX)

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