Roth Capital announced Magnachip Semiconductor Corp (NYSE:MX), bumping up its stock price target to $10.00 today
- Updated: October 1, 2016
In a report released on 9/28/2016 Roth Capital increased the stock price target of Magnachip Semiconductor Corp (NYSE:MX) to $10.00 reporting a possible upside of 0.25%.
Previously on 5/06/2016, Topeka Capital Markets released a statement about Magnachip Semiconductor Corp (NYSE:MX) increased the target price from $5.00 to $6.00. At the time, this indicated a possible upside of 0.26%.
Just yesterday Magnachip Semiconductor Corp (NYSE:MX) traded 2.58% higher at $7.99. Magnachip Semiconductor Corp’s 50-day moving average is $8.27 and its 200-day moving average is $6.21. The last stock price is up 34.38% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 413,995 shares of MX traded hands, up from an average trading volume of 298,611
Recent Performance Chart
Magnachip Semiconductor Corp 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 research note 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 Corp (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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