Shares of MagnaChip Semiconductor Corporation (NYSE:MX) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $13.00.
A number of brokerages have commented on MX. BidaskClub upgraded MagnaChip Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. ValuEngine lowered MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered MagnaChip Semiconductor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of MagnaChip Semiconductor in a report on Friday, September 8th. Finally, TheStreet lowered MagnaChip Semiconductor from a “c-” rating to a “d” rating in a report on Thursday, November 2nd.
Shares of MagnaChip Semiconductor (NYSE:MX) opened at $9.95 on Friday. MagnaChip Semiconductor has a 1 year low of $6.05 and a 1 year high of $13.40. The company has a quick ratio of 1.96, a current ratio of 2.42 and a debt-to-equity ratio of -4.96.
About MagnaChip Semiconductor
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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