Somewhat Favorable Press Coverage Somewhat Unlikely to Impact MagnaChip Semiconductor (MX) Stock Price

News stories about MagnaChip Semiconductor (NYSE:MX) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog 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 earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 47.9784369187113 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

MagnaChip Semiconductor (NYSE:MX) opened at $9.65 on Friday. The stock has a market cap of $385.08, a PE ratio of -18.56 and a beta of -0.32. The company has a debt-to-equity ratio of -4.96, a current ratio of 2.42 and a quick ratio of 1.96. MagnaChip Semiconductor has a one year low of $6.05 and a one year high of $13.40.

A number of equities research analysts have commented on MX shares. Zacks Investment Research raised shares of MagnaChip Semiconductor from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, November 7th. ValuEngine lowered shares of MagnaChip Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of MagnaChip Semiconductor in a report on Friday, September 8th. Finally, TheStreet lowered shares of MagnaChip Semiconductor from a “c-” rating to a “d” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.67.

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MagnaChip Semiconductor Company Profile

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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