Magnachip Semiconductor (NYSE:MX) Releases Earnings Results, Beats Expectations By $0.11 EPS

Magnachip Semiconductor (NYSE:MXGet Free Report) posted its earnings results on Monday. The semiconductor company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11, Zacks reports. Magnachip Semiconductor had a negative return on equity of 14.31% and a negative net margin of 20.08%.

Magnachip Semiconductor Price Performance

Shares of Magnachip Semiconductor stock traded up $0.09 on Monday, hitting $3.34. 499,114 shares of the company were exchanged, compared to its average volume of 229,897. The stock has a market capitalization of $120.35 million, a price-to-earnings ratio of -2.88 and a beta of 0.77. The company has a 50-day moving average price of $3.36 and a 200 day moving average price of $3.90. Magnachip Semiconductor has a 1-year low of $2.51 and a 1-year high of $5.98. The company has a quick ratio of 4.09, a current ratio of 4.81 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

MX has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of Magnachip Semiconductor in a report on Thursday, March 13th. StockNews.com upgraded Magnachip Semiconductor from a “sell” rating to a “hold” rating in a report on Thursday, March 13th.

Get Our Latest Report on MX

Magnachip Semiconductor Company Profile

(Get Free Report)

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.

Recommended Stories

Earnings History for Magnachip Semiconductor (NYSE:MX)

Receive News & Ratings for Magnachip Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnachip Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.