Magnachip Semiconductor Corp Upgraded to “Neutral” at Zacks (MX)
Magnachip Semiconductor Corp (NYSE:MX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, Stock Ratings Network reports. The firm currently has a $13.90 price objective on the stock. Zacks‘s price target would suggest a potential upside of 2.96% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Magnachip Semiconductor Corp in a research note on Tuesday, April 22nd. They now have a $15.00 price target on the stock. Separately, analysts at Chardan Capital downgraded shares of Magnachip Semiconductor Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $23.00 price target on the stock. Finally, analysts at UBS AG downgraded shares of Magnachip Semiconductor Corp from a “neutral” rating to a “sell” rating in a research note on Monday, March 31st. They now have a $12.00 price target on the stock, down previously from $17.00. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.69.
Magnachip Semiconductor Corp (NYSE:MX) traded down 0.15% on Tuesday, hitting $13.50. The stock had a trading volume of 309,223 shares. Magnachip Semiconductor Corp has a 52 week low of $12.50 and a 52 week high of $23.89. The stock’s 50-day moving average is $14.05 and its 200-day moving average is $16.69. The company has a market cap of $471.8 million and a P/E ratio of 2.97.
MagnaChip Semiconductor Corporation (NYSE:MX) is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer applications.
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