Alert: New Earnings Report (11/2/23)-MagnaChip Semiconductor Corp (NYSE: MX).


MagnaChip Semiconductor Corp (NYSE: MX) has reported E.P.S. of $-0.13 for its third fiscal quarter (ending September 30) versus $-0.38 for the same period a year ago. Relative to the consensus estimate of $-0.17, this was a premium of $0.04. For the latest four quarters through September 30, E.P.S. were $-0.66 compared to $0.92 a year ago — a decline of -172%.


Recent Price Action

On 11/2/23, MagnaChip Semiconductor Corp (NYSE: MX) stock enjoyed a large increase of 4.4%, closing at $7.76. The stock has been weak relative to the market over the last nine months but has risen 6.7% during the last week.

Current PriceTarget Research Rating

MX is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.

MagnaChip Semiconductor has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MagnaChip Semiconductor has a poor Power Rating of 29 and a poor Appreciation Score of 28, and the Lowest Value Trend Rating results.

Rating Review

In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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