Media headlines about MagnaChip Semiconductor Corporation (NYSE:MX) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MagnaChip Semiconductor Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 45.8013737683161 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Magnachip Semiconductor Corp (MX) Signal & Momentum Update - Financial News Review (finnewsreview.com)
- MagnaChip Semiconductor Corpora (NYSE:MX) Trading Volume … - Highlight Press (highlightpress.com)
- MagnaChip Semiconductor Corporation (NYSE:MX) Cut to “Buy” at BidaskClub (americanbankingnews.com)
- How Is Lattice Semiconductor Corporation (NasdaqGS:LSCC) Stacking Up? (footballhebdo.com)
- Loop Capital Reiterates “Buy” Rating for Cypress Semiconductor Corporation (CY) (overnewsmagazine.com)
Several equities analysts have recently commented on MX shares. TheStreet upgraded MagnaChip Semiconductor Corporation from a “d” rating to a “c-” rating in a research report on Thursday, May 4th. Citigroup Inc. started coverage on MagnaChip Semiconductor Corporation in a research report on Wednesday, May 10th. They issued a “neutral” rating and a $10.50 price objective on the stock. BidaskClub upgraded MagnaChip Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. ValuEngine upgraded MagnaChip Semiconductor Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded MagnaChip Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $10.69.
Shares of MagnaChip Semiconductor Corporation (MX) opened at 10.95 on Wednesday. The company has a 50 day moving average price of $10.25 and a 200-day moving average price of $8.90. MagnaChip Semiconductor Corporation has a 52-week low of $5.20 and a 52-week high of $11.88. The stock has a market capitalization of $371.05 million, a P/E ratio of 63.29 and a beta of -0.29.
In related news, insider Young-Joon Kim sold 11,800 shares of MagnaChip Semiconductor Corporation stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $8.90, for a total value of $105,020.00. Following the sale, the insider now directly owns 59,075 shares in the company, valued at approximately $525,767.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.80% of the company’s stock.
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About MagnaChip Semiconductor Corporation
MagnaChip Semiconductor Corporation is a designer and manufacturer of 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 (RF) applications.
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