Magnachip Semiconductor Corporation [NYSE: MX] stock went on a downward path that fall over -4.06% on Wednesday, amounting to a one-week price decrease of less than -2.54%. The company report on May 25, 2021 that SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates FOE, MX, DISCA, MLND; Shareholders are Encouraged to Contact the Firm.
Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:
Ferro Corporation (NYSE:FOE) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Prince International Corporation for $22.00 per share in cash. If you are a Ferro shareholder, click here to learn more about your rights and options.
Over the last 12 months, MX stock rose by 104.91%. The one-year Magnachip Semiconductor Corporation stock forecast points to a potential upside of 17.0. The average equity rating for MX stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.08 billion, with 46.33 million shares outstanding and 42.83 million shares in the current float. Compared to the average trading volume of 1.31M shares, MX stock reached a trading volume of 1169994 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Magnachip Semiconductor Corporation [MX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MX shares is $28.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MX stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Magnachip Semiconductor Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 13, 2021. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on January 08, 2021, representing the official price target for Magnachip Semiconductor Corporation stock. Previously, the target price had yet another raise from $10.50 to $11, while Citigroup kept a Neutral rating on MX stock.
The Average True Range (ATR) for Magnachip Semiconductor Corporation is set at 0.76, with the Price to Sales ratio for MX stock in the period of the last 12 months amounting to 2.12. The Price to Book ratio for the last quarter was 2.24, with the Price to Cash per share for the same quarter was set at 6.30.
MX Stock Performance Analysis:
Magnachip Semiconductor Corporation [MX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.54. With this latest performance, MX shares dropped by -8.17% in over the last four-week period, additionally plugging by 64.76% over the last 6 months – not to mention a rise of 104.91% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MX stock in for the last two-week period is set at 42.14, with the RSI for the last a single of trading hit 38.75, and the three-weeks RSI is set at 46.01 for Magnachip Semiconductor Corporation [MX]. The present Moving Average for the last 50 days of trading for this stock 24.47, while it was recorded at 24.03 for the last single week of trading, and 17.54 for the last 200 days.
Insight into Magnachip Semiconductor Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Magnachip Semiconductor Corporation [MX] shares currently have an operating margin of +6.19 and a Gross Margin at +25.10. Magnachip Semiconductor Corporation’s Net Margin is presently recorded at +11.28.
Return on Total Capital for MX is now 8.48, given the latest momentum, and Return on Invested Capital for the company is 17.57. Return on Equity for this stock inclined to 34.52, with Return on Assets sitting at 9.70. When it comes to the capital structure of this company, Magnachip Semiconductor Corporation [MX] has a Total Debt to Total Equity ratio set at 25.56. Additionally, MX Total Debt to Total Capital is recorded at 20.36, with Total Debt to Total Assets ending up at 15.21. Long-Term Debt to Equity for the company is recorded at 0.75, with the Long-Term Debt to Total Capital now at 0.59.
Reflecting on the efficiency of the workforce at the company, Magnachip Semiconductor Corporation [MX] managed to generate an average of $64,840 per employee. Receivables Turnover for the company is 5.28 with a Total Asset Turnover recorded at a value of 0.86.Magnachip Semiconductor Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.60 and a Current Ratio set at 5.00.
MX Stock EPS
With the latest financial reports released by the company, Magnachip Semiconductor Corporation posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 85.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Magnachip Semiconductor Corporation go to 38.00%.
Magnachip Semiconductor Corporation [MX] Insider Position Details
There are presently around $914 million, or 86.00% of MX stock, in the hands of institutional investors. The top three institutional holders of MX stocks are: FEDERATED HERMES, INC. with ownership of 2,874,145, which is approximately -2.888% of the company’s market cap and around 1.60% of the total institutional ownership; OAKTREE CAPITAL MANAGEMENT LP, holding 2,831,537 shares of the stock with an approximate value of $66.2 million in MX stocks shares; and MORGAN STANLEY, currently with $60.66 million in MX stock with ownership of nearly 0.361% of the company’s market capitalization.
Positions in Magnachip Semiconductor Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 88 institutional holders increased their position in Magnachip Semiconductor Corporation [NYSE:MX] by around 11,753,594 shares. Additionally, 66 investors decreased positions by around 7,873,347 shares, while 7 investors held positions by with 19,446,715 shares. The mentioned changes placed institutional holdings at 39,073,656 shares, according to the latest SEC report filing. MX stock had 50 new institutional investments in for a total of 6,497,382 shares, while 26 institutional investors sold positions of 3,957,045 shares during the same period.