10-May-2024
Three big things in auto: China may win on EVs, ICE suppliers are undervalued and AI is in the mix
Seeking Alpha News (Sat, 11-May 7:00 AM ET)
Magnachip Reports Results for First Quarter 2024
Business Wire (Thu, 2-May 4:05 PM ET)
Magnachip Boosts Its Extensive Automotive Product Lineup With the Release of a New 40V MXT MV MOSFET
Business Wire (Tue, 30-Apr 6:55 AM ET)
Magnachip to Announce First Quarter 2024 Financial Results on May 2, 2024
Business Wire (Mon, 15-Apr 4:05 PM ET)
Magnachip to Participate in the 36th Annual ROTH Conference
Business Wire (Mon, 4-Mar 4:05 PM ET)
Magnachip Reports Results for Fourth Quarter and Full-Year 2023
Business Wire (Wed, 28-Feb 4:05 PM ET)
MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communications, Internet of Things applications, consumer, industrial and automotive applications. The company's product portfolio consists of large display solutions, mobile display solutions, sensor solutions, LED solutions, mobile solutions, and power conversions. The company operates in two segments namely Transitional Fab 3 foundry services and Standard products business. The company operates in Korea, Asia Pacific (other than Korea), United States and Europe.
Magnachip Semiconductor trades on the NYSE stock market under the symbol MX.
As of May 10, 2024, MX stock price declined to $4.89 with 164,815 million shares trading.
MX has a beta of 0.31, meaning it tends to be less sensitive to market movements. MX has a correlation of 0.01 to the broad based SPY ETF.
MX has a market cap of $187.10 million. This is considered a Micro Cap stock.
Last quarter Magnachip Semiconductor reported $49 million in Revenue and -$.28 earnings per share. This beat revenue expectation by $337,000 and exceeded earnings estimates by $.05.
In the last 3 years, MX stock traded as high as $26.90 and as low as $4.70.
The top ETF exchange traded funds that MX belongs to (by Net Assets): VGT, DFAT, PRFZ, BSVO, DFAS.
MX has underperformed the market in the last year with a price return of -43.6% while the SPY ETF gained +27.8%. MX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -27.8% and -2.2%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
MX support price is $4.82 and resistance is $5.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MX stock will trade within this expected range on the day.