News stories about MagnaChip Semiconductor Corporation (NYSE:MX) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MagnaChip Semiconductor Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 44.5286547797754 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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

Several equities analysts recently issued reports on the stock. BidaskClub lowered shares of MagnaChip Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Zacks Investment Research raised shares of MagnaChip Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Thursday, August 10th. Citigroup Inc. lifted their price target on shares of MagnaChip Semiconductor Corporation from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target (up from $13.00) on shares of MagnaChip Semiconductor Corporation in a report on Friday, August 4th. Finally, ValuEngine raised shares of MagnaChip Semiconductor Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $12.25.

MagnaChip Semiconductor Corporation (NYSE MX) traded down 0.91% during trading on Friday, reaching $10.85. 406,519 shares of the company’s stock traded hands. The company has a 50 day moving average price of $10.88 and a 200-day moving average price of $9.16. MagnaChip Semiconductor Corporation has a 12-month low of $5.20 and a 12-month high of $12.75. The company has a market cap of $369.29 million, a PE ratio of 23.69 and a beta of -0.29.

MagnaChip Semiconductor Corporation (NYSE:MX) last announced its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.17. The firm had revenue of $166.70 million during the quarter, compared to analysts’ expectations of $165 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts forecast that MagnaChip Semiconductor Corporation will post $0.78 EPS for the current fiscal year.

In other news, Director Camillo Martino acquired 10,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $10.25 per share, with a total value of $102,500.00. Following the transaction, the director now owns 31,916 shares in the company, valued at approximately $327,139. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marc Lasry sold 4,088,978 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $10.98, for a total transaction of $44,896,978.44. The disclosure for this sale can be found here. Corporate 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.

Insider Buying and Selling by Quarter for MagnaChip Semiconductor Corporation (NYSE:MX)

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