Magnachip Semiconductor Corp. (NYSE:MX) – Research analysts at Roth Capital issued their Q3 2016 earnings estimates for shares of Magnachip Semiconductor Corp. in a research report issued on Wednesday. Roth Capital analyst S. Desilva anticipates that the firm will earn ($0.08) per share for the quarter. Roth Capital has a “Buy” rating and a $10.00 price objective on the stock. Roth Capital also issued estimates for Magnachip Semiconductor Corp.’s Q4 2016 earnings at ($0.11) EPS, FY2016 earnings at ($0.47) EPS, Q1 2017 earnings at ($0.16) EPS, Q2 2017 earnings at ($0.01) EPS, Q3 2017 earnings at $0.12 EPS, Q4 2017 earnings at $0.12 EPS and FY2017 earnings at $0.07 EPS.
Magnachip Semiconductor Corp. (NYSE:MX) last released its earnings results on Wednesday, August 3rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.20. The business had revenue of $167.10 million for the quarter, compared to analyst estimates of $159 million.
Shares of Magnachip Semiconductor Corp. (NYSE:MX) opened at 8.17 on Monday. The firm’s 50-day moving average is $8.28 and its 200-day moving average is $6.24. The firm’s market cap is $283.75 million. Magnachip Semiconductor Corp. has a 12-month low of $3.10 and a 12-month high of $9.17.
In other Magnachip Semiconductor Corp. news, major shareholder Pleasant Lake Partners Llc sold 58,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $7.49, for a total transaction of $434,420.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Smith Asset Management Group LP purchased a new stake in shares of Magnachip Semiconductor Corp. during the second quarter worth $129,000. Picton Mahoney Asset Management purchased a new stake in shares of Magnachip Semiconductor Corp. during the second quarter worth $133,000. State Street Corp increased its stake in shares of Magnachip Semiconductor Corp. by 2.4% in the second quarter. State Street Corp now owns 38,950 shares of the company’s stock worth $220,000 after buying an additional 915 shares during the period. Hollencrest Securities LLC increased its stake in shares of Magnachip Semiconductor Corp. by 46.8% in the second quarter. Hollencrest Securities LLC now owns 90,900 shares of the company’s stock worth $514,000 after buying an additional 29,000 shares during the period. Finally, Bogle Investment Management L P DE purchased a new stake in shares of Magnachip Semiconductor Corp. during the first quarter worth $578,000. 76.38% of the stock is owned by institutional investors.
Magnachip Semiconductor Corp. Company Profile
MagnaChip Semiconductor Corporation is a holding company, which designs and manufactures analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of things (IoT) applications. The Company provides technology platforms for analog, mixed-signal, power, high voltage, non-volatile memory and radio frequency applications.
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