MagnaChip Semiconductor Corp (NYSE: MX) is -26.67% lower on its value in year-to-date trading and has touched a low of $5.41 and a high of $11.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MX stock was last observed hovering at around $5.78 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $5.50, the stock is -15.33% and -20.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -4.84% at the moment leaves the stock -32.64% off its SMA200. MX registered -40.22% loss for a year compared to 6-month loss of -33.09%. The firm has a 50-day simple moving average (SMA 50) of $0.26 and a 200-day simple moving average (SMA200) of -$5.07.
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The stock witnessed a -17.04% gain in the last 1 month and extending the period to 3 months gives it a -16.54%, and is -17.04% down 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 8.65% over the week and 4.26% over the month.
MagnaChip Semiconductor Corp (MX) has around 897 employees, a market worth around $213.18M and $232.60M in sales. Profit margin for the company is -15.74%. Distance from 52-week low is 1.66% and -52.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.54%).
MagnaChip Semiconductor Corp quarterly earnings per share for the current quarter are estimated at -$0.33 with sales reaching $49.9M over the same period.The EPS is expected to shrink by -117.22% this year, but quarterly earnings will post 7.90% year-over-year. Quarterly sales are estimated to shrink -12.50% in year-over-year returns.
MagnaChip Semiconductor Corp (MX) Top Institutional Holders
164 institutions hold shares in MagnaChip Semiconductor Corp (MX), with institutional investors hold 78.73% of the company’s shares. The shares outstanding are 38.85M, and float is at 36.98M with Short Float at 1.88%. Institutions hold 76.29% of the Float.
The top institutional shareholder in the company is Alliancebernstein L.P. with over 3.02 million shares valued at $33.74 million. The investor’s holdings represent 7.50% of the MX Shares outstanding. As of Jun 29, 2023, the second largest holder is Oaktree Capital Management Lp with 2.85 million shares valued at $31.86 million to account for 7.08% of the shares outstanding. The other top investors are Systematic Financial Management, L.P. which holds 2.22 million shares representing 5.51% and valued at over $24.78 million, while Toronado Partners, Llc holds 5.08% of the shares totaling 2.05 million with a market value of $22.86 million.
MagnaChip Semiconductor Corp (MX) Insider Activity
A total of 2 insider transactions have happened at MagnaChip Semiconductor Corp (MX) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider purchase by NATHAN GILBERT E,the company’sDirector. SEC filings show that NATHAN GILBERT E bought 10,000 shares of the company’s common stock on Dec 08 at a price of $6.80 per share for a total of $68000.0. Following the purchase, the insider now owns 78200.0 shares.
MagnaChip Semiconductor Corp disclosed in a document filed with the SEC on Dec 08 that MARTINO CAMILLO (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $6.80 per share for $68000.0. Following the transaction, the insider now directly holds 0.15 million shares of the MX stock.
Still, SEC filings show that on Aug 15, NATHAN GILBERT E (Director) acquired 10,000 shares at an average price of $8.39 for $83900.0. The insider now directly holds 68,200 shares of MagnaChip Semiconductor Corp (MX).
MagnaChip Semiconductor Corp (MX): Who are the competitors?
The company’s main competitors (and peers) include Himax Technologies Inc. ADR (HIMX) that is trading -23.67% down over the past 12 months. ON Semiconductor Corp. (ON) that is 3.19% higher over the same period.
