Magnachip Semiconductor Stock Today

MX Stock  USD 5.55  0.01  0.18%   

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MagnaChip Semiconductor is trading at 5.55 as of the 28th of March 2024; that is -0.18 percent down since the beginning of the trading day. The stock's open price was 5.56. MagnaChip Semiconductor has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for MagnaChip Semiconductor are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of January 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Semiconductors & Semiconductor Equipment
IPO Date
11th of March 2011
Category
Technology
Classification
Information Technology
Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, industrial, and automotive applications. The company has 38.26 M outstanding shares of which 748.4 K shares are now sold short in the market by investors with about 1.5 days to cover all shorted shares. More on MagnaChip Semiconductor

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MagnaChip Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MagnaChip Semiconductor's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MagnaChip Semiconductor or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOYoungJoon Kim
Thematic Ideas
(View all Themes)
Old NameKyung Nong Corp.
Business ConcentrationSemiconductors & Semiconductor Equipment, Information Technology, NYSE Composite, SP TSX Composite, Semiconductor, Electronic Equipment, Information Technology, Semiconductors & Semiconductor Equipment, Semiconductors, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering MagnaChip Semiconductor report their recommendations after researching MagnaChip Semiconductor's financial statements, talking to executives and customers, or listening in on MagnaChip Semiconductor's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering MagnaChip Semiconductor. The MagnaChip consensus assessment is calculated by taking the average forecast from all of the analysts covering MagnaChip Semiconductor.
Financial Strength
Based on the analysis of MagnaChip Semiconductor's profitability, liquidity, and operating efficiency, MagnaChip Semiconductor is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of MagnaChip Semiconductor is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.510.5389
Notably Down
Slightly volatile
Gross Profit Margin0.20.2127
Notably Down
Very volatile
Total Current Liabilities44.5 M46.9 M
Notably Down
Slightly volatile
Non Current Liabilities Total27.6 M29 M
Notably Down
Slightly volatile
Total Assets501.8 M420.5 M
Fairly Up
Slightly volatile
Total Current Assets352 M245.4 M
Way Up
Very volatile
MagnaChip Semiconductor's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to MagnaChip Semiconductor's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MagnaChip Semiconductor's financial leverage. It provides some insight into what part of MagnaChip Semiconductor's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on MagnaChip Semiconductor's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how MagnaChip Semiconductor deploys its capital and how much of that capital is borrowed.
Liquidity
MagnaChip Semiconductor cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 5.39 M of total liabilities with total debt to equity ratio (D/E) of 0.01, which may suggest the company is not taking enough advantage from financial leverage. MagnaChip Semiconductor has a current ratio of 5.1, indicating that it is in good position to pay out its debt commitments in time. Debt can assist MagnaChip Semiconductor until it has trouble settling it off, either with new capital or with free cash flow. So, MagnaChip Semiconductor's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like MagnaChip Semiconductor sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MagnaChip to invest in growth at high rates of return. When we think about MagnaChip Semiconductor's use of debt, we should always consider it together with cash and equity.

Dividends Paid

(421,515)
MagnaChip Semiconductor (MX) is traded on New York Stock Exchange in USA. It is located in 15F, 76, Jikji-daero, Cheongju, South Korea, 28851 and employs 891 people. MagnaChip Semiconductor is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a market capitalization of 212.73 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MagnaChip Semiconductor's market, we take the total number of its shares issued and multiply it by MagnaChip Semiconductor's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. MagnaChip Semiconductor is active under Semiconductors & Semiconductor Equipment sector as part of Information Technology industry. The entity has 38.26 M outstanding shares of which 748.4 K shares are now sold short in the market by investors with about 1.5 days to cover all shorted shares. MagnaChip Semiconductor reports about 225.48 M in cash with (3.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.1, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check MagnaChip Semiconductor Probability Of Bankruptcy
Ownership Allocation
MagnaChip Semiconductor maintains a total of 38.26 Million outstanding shares. The majority of MagnaChip Semiconductor outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in MagnaChip Semiconductor to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in MagnaChip Semiconductor. Please pay attention to any change in the institutional holdings of MagnaChip Semiconductor as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check MagnaChip Ownership Details

MagnaChip Stock Price Odds Analysis

Based on a normal probability distribution, the odds of MagnaChip Semiconductor jumping above the current price in 90 days from now is about 90.8%. The MagnaChip Semiconductor probability density function shows the probability of MagnaChip Semiconductor stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon MagnaChip Semiconductor has a beta of 0.8205. This indicates as returns on the market go up, MagnaChip Semiconductor average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding MagnaChip Semiconductor will be expected to be much smaller as well. Additionally, magnaChip Semiconductor has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 5.55HorizonTargetOdds Above 5.55
9.14%90 days
 5.55 
90.80%
Based on a normal probability distribution, the odds of MagnaChip Semiconductor to move above the current price in 90 days from now is about 90.8 (This MagnaChip Semiconductor probability density function shows the probability of MagnaChip Stock to fall within a particular range of prices over 90 days) .

MagnaChip Stock Institutional Holders

Institutional Holdings refers to the ownership stake in MagnaChip Semiconductor that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of MagnaChip Semiconductor's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing MagnaChip Semiconductor's value.
InstituionRecorded OnShares
S Squared Technology, Llc2023-12-31
689.7 K
Ameriprise Financial Inc2023-12-31
601.9 K
Morgan Stanley - Brokerage Accounts2023-12-31
545.1 K
Boothbay Fund Management, Llc2023-12-31
537.8 K
Charles Schwab Investment Management Inc2023-12-31
536.3 K
Two Sigma Advisers, Llc2023-12-31
505.4 K
Marshall Wace Asset Management Ltd2023-12-31
498.3 K
Two Sigma Investments Llc2023-12-31
489.7 K
Millennium Management Llc2023-12-31
480.4 K
Oaktree Capital Management Llc2023-12-31
2.8 M
Alliancebernstein L.p.2023-12-31
2.3 M
View MagnaChip Semiconductor Diagnostics

MagnaChip Semiconductor Historical Income Statement

MagnaChip Semiconductor Income Statement is one of the three primary financial statements used for reporting MagnaChip's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of MagnaChip Semiconductor revenue and expense. MagnaChip Semiconductor Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, MagnaChip Semiconductor's Other Operating Expenses is fairly stable compared to the past year. Research Development is likely to rise to about 65.2 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 15.8 M in 2024. View More Fundamentals

MagnaChip Stock Against Markets

Picking the right benchmark for MagnaChip Semiconductor stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MagnaChip Semiconductor stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MagnaChip Semiconductor is critical whether you are bullish or bearish towards MagnaChip Semiconductor at a given time. Please also check how MagnaChip Semiconductor's historical prices are related to one of the top price index indicators.

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Our tools can tell you how much better you can do entering a position in MagnaChip Semiconductor without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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MagnaChip Semiconductor Corporate Directors

MagnaChip Semiconductor corporate directors refer to members of a MagnaChip Semiconductor board of directors. The board of directors generally takes responsibility for the MagnaChip Semiconductor's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MagnaChip Semiconductor's board members must vote for the resolution. The MagnaChip Semiconductor board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Tavakoli NaderIndependent DirectorProfile
Randal KleinDirectorProfile
Melvin KeatingIndependent DirectorProfile
Ilbok LeeIndependent DirectorProfile

How to buy MagnaChip Stock?

Before investing in MagnaChip Semiconductor, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MagnaChip Semiconductor. To buy MagnaChip Semiconductor stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of MagnaChip Semiconductor. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase MagnaChip Semiconductor stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located MagnaChip Semiconductor stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased MagnaChip Semiconductor stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as MagnaChip Semiconductor, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy MagnaChip Stock please use our How to Invest in MagnaChip Semiconductor guide.

Already Invested in MagnaChip Semiconductor?

The danger of trading MagnaChip Semiconductor is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MagnaChip Semiconductor is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MagnaChip Semiconductor. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MagnaChip Semiconductor is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether MagnaChip Semiconductor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MagnaChip Semiconductor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magnachip Semiconductor Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magnachip Semiconductor Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagnaChip Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy MagnaChip Stock please use our How to Invest in MagnaChip Semiconductor guide.
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Is MagnaChip Semiconductor's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MagnaChip Semiconductor. If investors know MagnaChip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MagnaChip Semiconductor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.95)
Earnings Share
(0.89)
Revenue Per Share
5.609
Quarterly Revenue Growth
(0.17)
Return On Assets
(0.06)
The market value of MagnaChip Semiconductor is measured differently than its book value, which is the value of MagnaChip that is recorded on the company's balance sheet. Investors also form their own opinion of MagnaChip Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is MagnaChip Semiconductor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MagnaChip Semiconductor's market value can be influenced by many factors that don't directly affect MagnaChip Semiconductor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MagnaChip Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if MagnaChip Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MagnaChip Semiconductor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.