A statement released today by Roth Capital about MagnaChip Semiconductor (NYSE:MX) bumps the target price to $10.00
- Updated: October 1, 2016
Displaying a price of $7.99, MagnaChip Semiconductor (NYSE:MX) traded 2.58% higher on the day. The last stock close price is up 34.38% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same period. MX has recorded a 50-day moving average of $8.27 and a 200-day moving average of $6.21. 413,995 shares of MX traded hands, up from an average trading volume of 298,611
In a statement issued on 9/29/2016 Roth Capital raised the target price of MagnaChip Semiconductor (NYSE:MX) to $10.00 stating a potential upside of 0.25%.
On Wednesday September 28, 2016, Roth Capital released a statement about MagnaChip Semiconductor (NYSE:MX) upped the target price from $0.00 to $10.00 that suggested an upside of 0.25%.
Recent Performance Chart
MagnaChip Semiconductor has 52 week low of $3.10 and a 52 week high of $9.17 and has a market capitalization of $0.
In addition to Roth Capital reporting its stock price target, a total of 1 brokerage has issued a ratings update on the company. The average stock price target is $5.00 with 0 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On MagnaChip Semiconductor (NYSE:MX)
MagnaChip Semiconductor Corporation is a holding company, which designs and manufactures 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 applications. It operates through two segments: Foundry Services Group and Standard Products Group. Its Foundry Services Group provides specialty analog and mixed-signal foundry services for fabless and integrated device manufacturer semiconductor companies. Its Standard Products Group includes business lines: Display Solutions and Power Solutions. Its Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel displays. Its Power Solutions products include discrete and integrated circuit solutions for power management in consumer, communication and industrial applications.
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