MX Stock Recent News

Magnachip (MX) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.36 per share a year ago.

Buying undervalued stocks during tax-loss season can lead to big gains into the New Year. Buying tech/chip stocks at or near cyclical lows can also generate big profits. Magnachip Semiconductor appears to have hit rock-bottom levels and could rebound significantly in the coming upcycle.

Amid the valuations of large-cap stocks, notably tech stocks in the Magnificent 7 declining, this has led to this list of micro-cap stocks. Not only are investors expected to rotate into smaller and under-capitalized companies, but these companies also have unique theses that should keep investors interested.

Magnachip Semiconductor Corporation (NYSE:MX ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Yujia Zhai - MD, The Blueshirt Group Young-Joon Kim - CEO Shinyoung Park - CFO Conference Call Participants Suji Desilva - ROTH Capital Partners Operator Thank you for standing by and welcome to the Magnachip Semiconductor Corporation's Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

SEOUL, South Korea , Oct. 20, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip") (NYSE: MX) announced today that it will report its financial results for the third quarter ended September 30, 2023, on Thursday, November 2, 2023, after the market closes. The Company will host a corresponding conference call at 2:00 p.m.

Magnachip Semiconductor Corporation stock has recently suffered a significant decline, but there are reasons to stay invested. Short-term momentum is against investors, but Magnachip Semiconductor is expected to see revenue recovery in 2024 and 2025. The company has a strong cash position and aggressive buyback program, indicating optimism for a turnaround.

Magnachip Semiconductor Corporation (NYSE:MX ) Q2 2023 Earnings Conference Call August 7, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director, The Blueshirt Group Young-Joon Kim - Director, Member of the Risk Committee and Chief Executive Officer Shinyoung Park - Chief Financial Officer Conference Call Participants Suji Desilva - ROTH Capital Partners Martin Yang - Oppenheimer Operator Good day, and thank you for standing by. Welcome to the Q2 2023 Magnachip Semiconductor Corporation Earnings Conference Call.

Magnachip (MX) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to earnings of $0.23 per share a year ago.

SGH (NASDAQ: SGH) shares hit bottom late last year, and this is a chance it will reverse course and begin to rally again. The question is when the rally will happen; the answer may be later this year.

Magnachip Semiconductor Corporation went from a signed deal at $29 per share to everything falling apart. The business is struggling due to wafer shortages and inventory builds.