MagnaChip Semiconductor Corporation (MX) Analysts See $0.24 EPS

January 13, 2018 - By Max Morgan

 MagnaChip Semiconductor Corporation (MX) Analysts See $0.24 EPS
Investors sentiment increased to 1.17 in Q3 2017. Its up 0.17, from 1 in 2017Q2. It increased, as 9 investors sold MagnaChip Semiconductor Corporation shares while 20 reduced holdings. 19 funds opened positions while 15 raised stakes. 23.94 million shares or 10.33% less from 26.70 million shares in 2017Q2 were reported.
Bluecrest Capital Management invested in 0.01% or 17,714 shares. Menta Limited Company reported 36,891 shares stake. Jpmorgan Chase And Co invested 0% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Blackrock, a New York-based fund reported 729,672 shares. Goldman Sachs Group has 0% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 12,540 shares. Susquehanna Intll Gp Limited Liability Partnership reported 0% stake. 136,382 are owned by Springowl Limited Co. Legal & General Gru Plc, United Kingdom-based fund reported 3,400 shares. State Street reported 40,528 shares stake. Clarivest Asset Mngmt Ltd Llc holds 69,900 shares. 100,809 are owned by Columbus Circle Invsts. Federated Pa owns 146,000 shares. California Public Employees Retirement Systems holds 0% or 104,403 shares. Silver Mgmt Ltd Liability Corp reported 1.75% stake. invested in 0.01% or 2.36 million shares.

Analysts expect MagnaChip Semiconductor Corporation (NYSE:MX) to report $0.24 EPS on February, 8.They anticipate $1.66 EPS change or 116.90 % from last quarter’s $-1.42 EPS. MX’s profit would be $8.19M giving it 11.72 P/E if the $0.24 EPS is correct. After having $0.27 EPS previously, MagnaChip Semiconductor Corporation’s analysts see -11.11 % EPS growth. The stock increased 1.81% or $0.2 during the last trading session, reaching $11.25. About 264,610 shares traded. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 76.77% since January 13, 2017 and is uptrending. It has outperformed by 60.07% the S&P500.

MagnaChip Semiconductor Corporation (NYSE:MX) Ratings Coverage

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi has $1500 highest and $5 lowest target. $11.25’s average target is 0.00% above currents $11.25 stock price. MagnaChip Semi had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, July 13 by Needham. The firm earned “Buy” rating on Wednesday, June 14 by Roth Capital. Topeka Capital Markets maintained MagnaChip Semiconductor Corporation (NYSE:MX) rating on Friday, October 30. Topeka Capital Markets has “Buy” rating and $8 target. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) has “Buy” rating given on Friday, August 4 by Needham. The rating was maintained by Roth Capital on Wednesday, August 9 with “Buy”. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Neutral” rating by Citigroup on Wednesday, May 10. The company was maintained on Monday, August 7 by Citigroup. The rating was maintained by Topeka Capital Markets on Thursday, February 18 with “Buy”. The stock has “Buy” rating by Topeka Capital Markets on Friday, May 6. On Friday, August 7 the stock rating was maintained by Topeka Capital Markets with “Buy”.

MagnaChip Semiconductor Corporation designs, makes, and sells analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive, and Internet of Things applications worldwide. The company has market cap of $384.06 million. The firm operates through two divisions, Foundry Services Group, and Standard Products Group. It currently has negative earnings. It provides display solutions, including source and gate drivers and timing controllers that cover a wide range of flat panel displays used in ultra-high definition , high definition (HD), light emitting diode (LED), 3D and OLED televisions and displays, notebooks, and mobile communications and entertainment devices.

More news for MagnaChip Semiconductor Corporation (NYSE:MX) were recently published by: Seekingalpha.com, which released: “MagnaChip Semiconductor Is Due For A Bounce” on December 15, 2017. Prnewswire.com‘s article titled: “MagnaChip Offers Multi-Level Thick IMD Process for Capacitor with Ultra-High …” and published on January 08, 2018 is yet another important article.

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