$0.24 EPS Expected for MagnaChip Semiconductor Corporation (MX)

January 30, 2018 - By Henry Gaston

 $0.24 EPS Expected for MagnaChip Semiconductor Corporation (MX)
Investors sentiment increased to 1.17 in Q3 2017. Its up 0.17, from 1 in 2017Q2. It improved, as 9 investors sold MagnaChip Semiconductor Corporation shares while 20 reduced holdings. 19 funds opened positions while 15 raised stakes. 23.94 million shares or 10.33% less from 26.70 million shares in 2017Q2 were reported.
Prelude Cap Mngmt Ltd Liability Corporation holds 0% or 3,509 shares. Oaktree Capital Mngmt Limited Partnership owns 2.34 million shares. Dixon Hubard Feinour & Brown Va accumulated 17,000 shares. Pdt Ptnrs Ltd Com holds 0.05% in MagnaChip Semiconductor Corporation (NYSE:MX) or 134,800 shares. Boothbay Fund Mgmt Limited Co holds 58,315 shares or 0.11% of its portfolio. New York-based Goldman Sachs Grp Incorporated has invested 0% in MagnaChip Semiconductor Corporation (NYSE:MX). 262,658 were reported by Mckinley Ltd Delaware. Springowl Associates Ltd Liability Corporation holds 1.03% in MagnaChip Semiconductor Corporation (NYSE:MX) or 136,382 shares. Massachusetts-based Liberty Mutual Grp Inc Inc Asset Mngmt Inc has invested 0.01% in MagnaChip Semiconductor Corporation (NYSE:MX). California Pub Employees Retirement has invested 0% in MagnaChip Semiconductor Corporation (NYSE:MX). Moreover, Bluecrest Limited has 0.01% invested in MagnaChip Semiconductor Corporation (NYSE:MX). Driehaus Capital Ltd Liability reported 580,780 shares or 0.26% of all its holdings. Citadel Limited Liability stated it has 15,465 shares or 0% of all its holdings. Hood River Capital Mngmt Ltd Liability Corporation owns 1.88M shares. Proxima Cap Limited Liability Company reported 455,000 shares stake.

Analysts expect MagnaChip Semiconductor Corporation (NYSE:MX) to report $0.24 EPS on February, 8.They anticipate $1.66 EPS change or 116.90 % from last quarter’s $-1.42 EPS. MX’s profit would be $8.19 million giving it 13.07 P/E if the $0.24 EPS is correct. After having $0.27 EPS previously, MagnaChip Semiconductor Corporation’s analysts see -11.11 % EPS growth. The stock decreased 1.18% or $0.15 during the last trading session, reaching $12.55. About 309,775 shares traded. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 76.77% since January 30, 2017 and is uptrending. It has outperformed by 60.07% the S&P500.

MagnaChip Semiconductor Corporation (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 firm has “Buy” rating given on Friday, August 4 by Needham. The rating was maintained by Topeka Capital Markets on Thursday, February 18 with “Buy”. Roth Capital initiated MagnaChip Semiconductor Corporation (NYSE:MX) on Thursday, September 29 with “Buy” rating. Topeka Capital Markets maintained the shares of MX in report on Friday, May 6 with “Buy” rating. The stock has “Buy” rating by Needham on Friday, January 13. The firm has “Neutral” rating by Citigroup given on Wednesday, May 10. The stock has “Neutral” rating by Citigroup on Monday, August 7. The rating was maintained by Needham with “Buy” on Thursday, July 13. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Buy” rating by TH Capital on Thursday, September 29. As per Friday, October 30, the company rating was maintained by Topeka Capital Markets.

MagnaChip Semiconductor Corporation designs, makes, and sells analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive, and Internet of Things applications worldwide. The company has market cap of $428.44 million. The firm operates through two divisions, Foundry Services Group, and Standard Products Group. It currently has negative earnings. It provides display solutions, including source and gate drivers and timing controllers that cover a wide range of flat panel displays used in ultra-high definition , high definition (HD), light emitting diode (LED), 3D and OLED televisions and displays, notebooks, and mobile communications and entertainment devices.

More recent MagnaChip Semiconductor Corporation (NYSE:MX) news were published by: Twst.com which released: “MagnaChip Semiconductor Corporation: MagnaChip Schedules Fourth Quarter 2017 …” on January 17, 2018. Also Prnewswire.com published the news titled: “MagnaChip to Present at 2018 Needham Growth Conference” on January 16, 2018. Prnewswire.com‘s news article titled: “MagnaChip Offers Multi-Level Thick IMD Process for Capacitor with Ultra-High …” with publication date: January 08, 2018 was also an interesting one.

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