EPS for Magnachip Semiconductor Corp (MX) Expected At $0.24

October 13, 2017 - By Peter Erickson

 EPS for Magnachip Semiconductor Corp (MX) Expected At $0.24
Investors sentiment decreased to 1 in Q2 2017. Its down 0.20, from 1.2 in 2017Q1. It is negative, as 18 investors sold Magnachip Semiconductor Corp shares while 14 reduced holdings. 10 funds opened positions while 22 raised stakes. 26.70 million shares or 0.75% less from 26.90 million shares in 2017Q1 were reported.
Connor Clark & Lunn Limited invested 0.04% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Ww has 0.01% invested in Magnachip Semiconductor Corp (NYSE:MX). Goldman Sachs Grp Inc Inc accumulated 15,116 shares. Deutsche Commercial Bank Ag, a Germany-based fund reported 178,973 shares. Point72 Asset Mgmt Limited Partnership has invested 0.02% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Connecticut-based Cubist Systematic Strategies Limited Liability Corporation has invested 0% in Magnachip Semiconductor Corp (NYSE:MX). Wells Fargo Comm Mn invested in 0% or 10,777 shares. Silverback Asset Ltd Limited Liability Company accumulated 313,461 shares. Fmr Ltd holds 0% in Magnachip Semiconductor Corp (NYSE:MX) or 316,198 shares. 494,455 are owned by Dimensional Fund Advsrs Limited Partnership. Columbia Pacific Advisors Ltd Liability has invested 0.5% in Magnachip Semiconductor Corp (NYSE:MX). 4.09 million are owned by Lasry Marc. Connecticut-based Columbus Circle has invested 0.02% in Magnachip Semiconductor Corp (NYSE:MX). D E Shaw & Co holds 0.02% or 1.03 million shares in its portfolio. Liberty Mutual Grp Asset Mngmt holds 10,800 shares or 0% of its portfolio.

Analysts await Magnachip Semiconductor Corp (NYSE:MX) to report earnings on October, 26. They expect $0.24 EPS, down 71.76 % or $0.61 from last year’s $0.85 per share. MX’s profit will be $9.58M for 11.61 P/E if the $0.24 EPS becomes a reality. After $0.21 actual EPS reported by Magnachip Semiconductor Corp for the previous quarter, Wall Street now forecasts 14.29 % EPS growth. The stock decreased 2.19% or $0.25 on October 12, reaching $11.15. About 188,674 shares traded. Magnachip Semiconductor Corp (NYSE:MX) has risen 76.77% since October 13, 2016 and is uptrending. It has outperformed by 60.07% the S&P500.

Magnachip Semiconductor Corp (NYSE:MX) Ratings Coverage

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Magnachip Semiconductor Corp (NYSE:MX) has “Buy” rating given on Friday, May 6 by Topeka Capital Markets. Roth Capital maintained the stock with “Buy” rating in Sunday, July 30 report. The firm has “Neutral” rating by Citigroup given on Monday, August 7. As per Wednesday, August 30, the company rating was maintained by Roth Capital. The stock of Magnachip Semiconductor Corp (NYSE:MX) earned “Buy” rating by Needham on Friday, January 13. Needham maintained the stock with “Buy” rating in Thursday, July 13 report. The stock has “Buy” rating by Topeka Capital Markets on Friday, August 7. Needham maintained the stock with “Buy” rating in Friday, August 4 report. Roth Capital maintained Magnachip Semiconductor Corp (NYSE:MX) rating on Wednesday, June 14. Roth Capital has “Buy” rating and $1100 target. As per Friday, October 30, the company rating was maintained by Topeka Capital Markets.

MagnaChip Semiconductor Corporation is a designer and maker of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things applications. The company has market cap of $444.93 million. The Firm provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications. It has a 56.03 P/E ratio. The Firm has two divisions: Foundry Services Group and Standard Products Group.

More important recent Magnachip Semiconductor Corp (NYSE:MX) news were published by: Prnewswire.com which released: “Pre-Market Technical Pulse on Semiconductor Stocks — IXYS Corp., MagnaChip …” on September 29, 2017, also Seekingalpha.com published article titled: “Look Twice Before Buying MagnaChip”, Gurufocus.com published: “Cohen Capital Management, Inc. Buys Micro Focus International PLC, MagnaChip …” on October 06, 2017. More interesting news about Magnachip Semiconductor Corp (NYSE:MX) was released by: Seekingalpha.com and their article: “MagnaChip Semiconductor Is A Buy” with publication date: July 19, 2017.

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