Magnachip (NYSE:MX) is set to post its quarterly earnings results after the market closes on Monday, April 30th. Analysts expect Magnachip to post earnings of $0.06 per share for the quarter.

Magnachip (NYSE:MX) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). Magnachip had a net margin of 12.50% and a negative return on equity of 45.64%. The company had revenue of $174.58 million for the quarter, compared to the consensus estimate of $174.00 million. During the same period in the prior year, the company earned $0.04 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. On average, analysts expect Magnachip to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Magnachip stock opened at $9.35 on Friday. Magnachip has a twelve month low of $8.20 and a twelve month high of $13.40. The company has a market cap of $307.83, a PE ratio of 12.30 and a beta of 0.17. The company has a quick ratio of 1.86, a current ratio of 2.39 and a debt-to-equity ratio of -7.66.

In other Magnachip news, CEO Young-Joon Kim acquired 8,888 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $9.15 per share, with a total value of $81,325.20. Following the acquisition, the chief executive officer now owns 67,963 shares in the company, valued at $621,861.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan W. Kim acquired 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost 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 have bought a total of 20,488 shares of company stock valued at $186,321 over the last three months. Insiders own 3.80% of the company’s stock.

A hedge fund recently raised its stake in Magnachip stock. State Street Corp boosted its position in Magnachip (NYSE:MX) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,222 shares of the semiconductor company’s stock after purchasing an additional 606 shares during the quarter. State Street Corp owned about 0.12% of Magnachip worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 96.24% of the stock is owned by institutional investors and hedge funds.

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

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.

Earnings History for Magnachip (NYSE:MX)

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