Positives for MagnaChip Semiconductor Corporation (MX) as stock gains in recent trading

MagnaChip Semiconductor Corporation (NYSE: MX) is 27.96% higher on its value in year-to-date trading and has touched a low of $6.30 and a high of $16.88 in the current 52-week trading range. The MX stock was last observed hovering at around $16.00 in the last trading session, with the day’s gains setting it 1.3% off its average median price target of $19.00 for the next 12 months. It is also 17.62% off the consensus price target high of $21.00 offered by 4 analysts, but current levels are -15.33% lower than the price target low of $15.00 for the same period.


5 Stocks to make up the PERFECT 2021 gold portfolio

Gold bugs are shouting from the rooftops in excitement, but that doesn’t mean you rush out and just buy any gold stock…That’s why we laid out The 2021 Ultimate Gold Portfolio – to dissect the treasure from the trash.

Click here to download your free report right away

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $17.30, the stock is 28.26% and 25.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 8.12% at the moment leaves the stock 40.74% off its SMA200. MX registered 42.39% gain for a year compared to 6-month gain of 71.80%. The firm has a 50-day simple moving average (SMA 50) of $9.06% and a 200-day simple moving average (SMA200) of $1.3M.

The stock witnessed a 24.19% loss in the last 1 month and extending the period to 3 months gives it a 21.23%, and is 28.72% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.83% over the week and 4.20% over the month.

MagnaChip Semiconductor Corporation (MX) has around 2451 employees, a market worth around $567.09M and $564.10M in sales. Current P/E ratio is 77.23 and Fwd P/E is 22.01. Profit margin for the company is 53.50%. Distance from 52-week low is 174.60% and 2.49% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).

MagnaChip Semiconductor Corporation (MX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for MagnaChip Semiconductor Corporation (MX) is a “Overweight”. 4 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

MagnaChip Semiconductor Corporation is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $131.8M over the same period.The EPS is expected to shrink by -461.90% this year, but quarterly earnings will post -37.40% year-over-year. Quarterly sales are estimated to shrink -34.10% in year-over-year returns.

MagnaChip Semiconductor Corporation (MX) Top Institutional Holders

137 institutions hold shares in MagnaChip Semiconductor Corporation (MX), with 1.12M shares held by insiders accounting for 3.14% while institutional investors hold 102.63% of the company’s shares. The shares outstanding are 35.28M, and float is at 34.45M with Short Float at 9.35%. Institutions hold 99.40% of the Float.

The top institutional shareholder in the company is Federated Hermes, Inc. with over 2.96 million shares valued at $40.55 million. The investor’s holdings represent 8.33% of the MX Shares outstanding. As of Sep 29, 2020, the second largest holder is Oaktree Capital Management, LP with 2.94 million shares valued at $40.27 million to account for 8.27% of the shares outstanding. The other top investors are Rubric Capital Management LP which holds 2.61 million shares representing 7.35% and valued at over $35.79 million, while Brigade Capital Management, LLC holds 5.79% of the shares totaling 2.06 million with a market value of $28.18 million.

MagnaChip Semiconductor Corporation (MX) Insider Activity

A total of 27 insider transactions have happened at MagnaChip Semiconductor Corporation (MX) in the last six months, with sales accounting for 19 and purchases happening 8 times. The most recent transaction is an insider sale by BRIGADE CAPITAL MANAGEMENT, LP, the company’s 10% Owner. SEC filings show that BRIGADE CAPITAL MANAGEMENT, LP sold 75,000 shares of the company’s common stock on Nov 05 at a price of $14.46 per share for a total of $1.08 million. Following the sale, the insider now owns 1.12 million shares.

MagnaChip Semiconductor Corporation disclosed in a document filed with the SEC on Nov 04 that BRIGADE CAPITAL MANAGEMENT, LP (10% Owner) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Nov 04 and was made at $14.28 per share for $0.36 million. Following the transaction, the insider now directly holds 1.19 million shares of the MX stock.

Still, SEC filings show that on Oct 30, BRIGADE CAPITAL MANAGEMENT, LP (10% Owner) disposed off 75,000 shares at an average price of $14.20 for $1.06 million. The insider now directly holds 1,219,806 shares of MagnaChip Semiconductor Corporation (MX).

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

MagnaChip Semiconductor Corporation (MX): Who are the competitors?

The company’s main competitors (and peers) include Himax Technologies Inc. (HIMX) that is trading 110.68% up over the past 12 months. LG Display Co. Ltd. (LPL) is 31.52% up on the 1-year trading charts.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free