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MagnaChip Semiconductor (NYSE:MX) Stock, Option Chain

MagnaChip Semiconductor

MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communications, Internet of Things applications, consumer, industrial and automotive applications. The company's product portfolio consists of large display solutions, mobile display solutions, sensor solutions, LED solutions, mobile solutions, and power conversions. The company operates in two segments namely Transitional Fab 3 foundry services and Standard products business. The company operates in Korea, Asia Pacific (other than Korea), United States and Europe.

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Needham Remains Bullish On Magnachip Semiconductor &amp; Velodyne Lidar

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On Friday, shares of Magnachip Semiconductor Corporation (NYSE: MX) experienced volatile short activity. After the activity, the stock price moved down -3.08% to $18.59. 

The overall sentiment for MX has been Bearish.

Short Volatility Alert: Magnachip Semiconductor Corporation

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MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.
Analysts estimate that MagnaChip Semiconductor will report an earnings per share (EPS) of $0.75. 
Investors in MagnaChip Semiconductor are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company beat EPS by $0.12, leading to a 12.97% increase in the share price the following trading session.
Here's a look at MagnaChip Semiconductor's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.75</td>
<td>-0.33</td>
<td>-0.33</td>
<td>-0.26</td>
<td>-0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.34</td>
<td>-0.21</td>
<td>-0.28</td>
<td>-0.21</td>
<td>-0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>13.0%</td>
<td>3.0%</td>
<td>-15.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730829684_0.png" alt="eps graph" />
<h3>Performance of MagnaChip Semiconductor Shares</h3>
Shares of MagnaChip Semiconductor were trading at $3.82 as of November 04. Over the last 52-week period, shares are down 41.36%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MX/earnings">To track all earnings releases for MagnaChip Semiconductor visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Outlook For MagnaChip Semiconductor

<h3>Gainers</h3>
<ul>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock moved upwards by 24.1% to $3.09 during Friday's regular session. The company's market cap stands at $63.4 million. </li>
<li>Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) stock rose 18.43% to $223.3. The company's market cap stands at $58.1 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) stock rose 14.56% to $1.18. The company's market cap stands at $24.6 million. </li>
<li>XIAO-I (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) stock increased by 11.78% to $5.69. The market value of their outstanding shares is at $415.2 million. </li>
<li>GCT Semiconductor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCTS#NYSE">GCTS</a>) stock moved upwards by 11.68% to $2.58. The company's market cap stands at $122.0 million. </li>
<li>Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) stock increased by 11.07% to $27.68. The market value of their outstanding shares is at $1.2 billion. The company's, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock declined by 38.9% to $0.31 during Friday's regular session. The market value of their outstanding shares is at $4.5 million. </li>
<li>AXT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) shares decreased by 17.67% to $2.12. The market value of their outstanding shares is at $94.3 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) stock declined by 11.69% to $6.16. The market value of their outstanding shares is at $36.8 million. </li>
<li>MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) stock decreased by 11.57% to $3.9. The market value of their outstanding shares is at $146.0 million. As per the press release, Q3 earnings came out 2 days ago. </li>
<li>Onto Innovation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) stock declined by 10.56% to $177.39. The market value of their outstanding shares is at $8.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Gryphon Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) stock decreased by 10.08% to $0.56. The company's market cap stands at $28.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) reported quarterly losses of $(0.34) per share which missed the analyst consensus estimate of $(0.19) by 78.95 percent. The company reported quarterly sales of $66.460 million which beat the analyst consensus estimate of $64.033 million by 3.79 percent. This is a 8.51 percent increase over sales of $61.245 million the same period last year.

Earnings Beats

Earnings Misses

MagnaChip Semiconductor Q3 2024 Adj. EPS $(0.34) Misses $(0.19) Estimate, Sales $66.460M Beat $64.033M Estimate

MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) sees Q4 sales of $59.000 million-64.000 million vs $61.00 million estimate.

Guidance

MagnaChip Semiconductor Sees Q4 Sales $59.000M-64.000M vs $61.00M Est

Needham analyst Quinn Bolton maintains MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) with a Buy and lowers the price target from $8 to $7.

Needham Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $7

Magnachip Now Expects FY24 Consolidated Revenue Flattish-To-Slightly Down, Compared To Prior Expectation Of Flat-To-Up-slightly Y/Y

Magnachip Expects Q3 Consolidated Revenue Of $61.5M - $66.5M, Est $62.5M

WIIM

Magnachip Semiconductor shares are trading higher after the company reported better-than-expected Q2 financial results.

MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) reported quarterly losses of $(0.21) per share which beat the analyst consensus estimate of $(0.33) by 36.36 percent. This is a 250 percent decrease over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $53.171 million which beat the analyst consensus estimate of $51.467 million by 3.31 percent. This is a 12.80 percent decrease over sales of $60.979 million the same period last year.

MagnaChip Semiconductor Q2 2024 Adj. EPS $(0.21) Beats $(0.33) Estimate, Sales $53.171M Beat $51.467M Estimate

Magnachip Semiconductor Corporation (&quot;Magnachip&quot; or &quot;Company&quot;) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) announced today the completion of the development of its 1200V 75A Insulated Gate Bipolar Transistor (IGBT) in a TO-247PLUS package, designed for solar inverters. The Company plans to start mass production in October this year.
Magnachip provides optimized solutions for the solar energy market with its diverse IGBT and MXT MV MOSFET products. (Photo: Business Wire)
Magnachip entered the solar inverter market in 2020 by introducing the 1200V 40A IGBT (MBQ40T120QFS) and began offering the 650V 75A IGBT (MBQ75T65PEH) in 2022. Now, the Company unveils its latest 1200V 75A IGBT (MBQA75T120RFS), featuring its cutting-edge design technology and processes.
This new product, packaged in a TO-247PLUS with a wide heat spreader, improves heat dissipation as compared to the TO-247 package. Additionally, it enhances power efficiency by reducing conduction loss by over&nbsp;14%&nbsp;compared to its previous generation. This improvement ensures stable operation even in overload conditions, thereby enhancing system reliability.
Moreover, this new IGBT product provides application design flexibility, as its performance can replace that of two 40A IGBTs. Another notable feature is the incorporation of a fast recovery anti-parallel diode, which quickly removes residual current to reduce switching losses and guarantees a maximum operating junction temperature of 175&deg;C. Designed in accordance with the standards of the Joint Electron Device Engineering Council (JEDEC), this product is suitable for a wide range of applications requiring strict power ratings and high efficiency, including solar inverters, converters, uninterruptible power supply systems, and general-purpose inverters.
According to market research firm Omdia, the discrete IGBT and silicon-based MOSFET sectors in the renewable energy market are expected to grow at a compound annual growth rate of&nbsp;15%&nbsp;from 2024 to 2028.

Magnachip Unveils Advanced 1200V IGBT for Solar Inverters, New Product to Start Mass Production in October

Magnachip Semiconductor Disclosed The Opening Of Magnachip Technology Company, Ltd. At Its Headquarters Located In Hefei, China

Roth MKM analyst Suji Desilva maintains MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) with a Buy and lowers the price target from $10 to $8.

Roth MKM Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $8

Needham analyst Quinn Bolton maintains MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) with a Buy and lowers the price target from $10 to $8.

Needham Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $8

General

MagnaChip Semiconductor shares are trading higher after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

The Q2 outlook includes approximately&nbsp;$1.5 million&nbsp;of Transitional Foundry Services.
For the full-year 2024, reiterated&nbsp;prior&nbsp;guidance:&nbsp;Consolidated revenue flat-to-up-slightly year-over-year as recovery in MSS and PAS is offset by the phase-out of Transitional Foundry Services.
<div>FY24 Consolidated gross profit margin between&nbsp;17%&nbsp;to&nbsp;20%, primarily as a result of the impact of idle capacity expected from the phase-out of Transitional Foundry Services. This compares with the consolidated gross profit margin of&nbsp;22.4%&nbsp;in 2023.</div>

Magnachip Expects Q2 Consolidated Revenue Of $49M-$54M (Est $54.6M); Reiterates FY24 Guidance

MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) reported quarterly losses of $(0.28) per share which beat the analyst consensus estimate of $(0.33) by 15.15 percent. This is a 16.67 percent decrease over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $49.067 million which beat the analyst consensus estimate of $48.733 million by 0.68 percent. This is a 13.93 percent decrease over sales of $57.005 million the same period last year.

MagnaChip Semiconductor Q1 2024 Adj EPS $(0.28) Beats $(0.33) Estimate, Sales $49.067M Beat $48.733M Estimate

Magnachip Boosts Its Extensive Automotive Product Lineup With The Release Of A New 40V MXT MV MOSFET

<h3>Gainers</h3>
<ul>
<li>CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) stock moved upwards by 34.6% to $3.19 during Thursday's regular session. The market value of their outstanding shares is at $48.6 million. </li>
<li>Vertex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERX#NASDAQ">VERX</a>) shares increased by 33.74% to $33.97. The market value of their outstanding shares is at $5.2 billion. As per the press release, Q4 earnings came out today. </li>
<li>Inseego (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) shares increased by 31.83% to $2.94. The company's market cap stands at $34.9 million. </li>
<li>GSI Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIT#NASDAQ">GSIT</a>) shares increased by 28.45% to $4.65. The company's market cap stands at $117.6 million. </li>
<li>C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) shares increased by 24.58% to $36.99. The market value of their outstanding shares is at $4.4 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) stock increased by 22.5% to $51.6. The company's market cap stands at $16.3 billion. As per the press release, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>LivePerson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NASDAQ">LPSN</a>) stock decreased by 40.2% to $1.44 during Thursday's regular session. The market value of their outstanding shares is at $116.0 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Endava (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVA#NYSE">DAVA</a>) shares decreased by 38.95% to $38.96. The company's market cap stands at $2.2 billion. As per the news, the Q2 earnings report came out today. </li>
<li>CommScope Hldg Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) stock fell 31.36% to $1.27. The market value of their outstanding shares is at $269.3 million. The company's, Q4 earnings came out today. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) shares fell 24.53% to $0.3. The market value of their outstanding shares is at $24.2 million. </li>
<li>Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) stock decreased by 19.28% to $185.66. The market value of their outstanding shares is at $61.0 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) stock fell 17.94% to $5.49. The company's market cap stands at $212.8 million. As per the press release, Q4 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Needham analyst Quinn Bolton maintains MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) with a Buy and lowers the price target from $13 to $10.

Needham Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $10

MagnaChip Semiconductor GAAP EPS of -$0.26 misses by $0.06, revenue of $66.5M beats by $2.47M

Reports Q3 revenue $66.5M, consensus $64.05M. YJ Kim, Magnachip's (MX) CEO, commented, "Our Q3 revenue was at the high-end of guidance driven by br...

Magnachip reports Q3 adjusted EPS (34c), consensus (19c)

16:56 EDT MagnaChip (MX) sees Q4 revenue $59M-$64M, consensus $61.1M Published first on TheFly – the ultimate source for real-time, market-moving b...

MagnaChip sees Q4 revenue $59M-$64M, consensus $61.1M

16:56 EDT MagnaChip (MX) sees FY24 consolidated revenue flattish Published first on TheFly – the ultimate source for real-time, market-moving break...

MagnaChip sees FY24 consolidated revenue flattish

Magnachip Semiconductor Corporation (MX) Q3 2024 Earnings Call Transcript

Magnachip Semiconductor Corporation 2024 Q3 - Results - Earnings Call Presentation

MagnaChip Semiconductor ( ($MX) ) has realeased its Q3 earnings. Here is a breakdown of the information MagnaChip Semiconductor presented to its in...

MagnaChip Semiconductor's Strong Q3 Revenue Growth

Needham analyst Nick Doyle kept a Buy rating on MagnaChip (MX) with a $6 price target following a transfer of coverage. The company reported a soli...

MagnaChip transferring with Buy rating at Needham

Oppenheimer analyst Martin Yang maintained a Hold rating on MagnaChip (MX – Research Report) today. The company's shares closed yesterday at $4.48....

Oppenheimer Remains a Hold on MagnaChip (MX)

Warning: MX is at high risk of performing badly

Press Releases

Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China

Magnachip Mixed-Signal Unveils Power Management IC and Level Shifter for Display Panels in IT Devices

Magnachip to Announce Second Quarter 2024 Financial Results on July 31, 2024

Magnachip Expands Solar Energy Power Product Lineup with the Release of 1200V IGBT in TO-247PLUS Package

Magnachip Unveils Its First 8th-Generation MXT LV MOSFET Designed with Super-Short Channel FET II

Magnachip Reports Results for Second Quarter 2024

Magnachip Expands Automotive Power Product Lineup with Four New 40V MXT MV MOSFETs

Magnachip to Announce Third Quarter 2024 Financial Results on October 30, 2024

Magnachip Expands Production of 7th Generation MXT LV MOSFETs Based on Super Short Channel FET Technology

Magnachip Reports Results for Third Quarter 2024

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