Magnachip Semiconductor Corp. (MX)
Magnachip Semiconductor Corp. is a South Korean manufacturer of analog and mixed-signal integrated circuits, specializing in display and power solutions. The company provides components used in smartphones, tablets, consumer electronics, and automotive applications, focusing on high-performance LED drivers, power management ICs, and other semiconductor solutions. Founded in 1987, Magnachip operates globally and is known for its innovative semiconductor products catering to the consumer electronics and industrial markets.
Company News
The global automotive fuel injection system market is expected to grow at a CAGR of 5.6% from 2025 to 2035, driven by increasing demand for fuel-efficient vehicles and hybrid vehicles, as well as stricter emission standards.
Magnachip (MX) delivered earnings and revenue surprises of 15.15% and 0.44%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Needham analyst Rajvindra Gill offered his bullish take on two semiconductor stocks. Gill reiterated a Buy on Magnachip Semiconductor Corp (NYSE: MX) and a price target of $22. 2022 has plagued Magnachip with several issues, he acknowledged. Firstly, supply chain shortages have impacted the company for several quarters. Secondly, invento...
Q2 earnings were good, but the market is getting antsy over the back half of 2022.
