Magnachip Semiconductor Corp Stock Rating Reaffirmed by Topeka Capital Markets (MX)

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Magnachip Semiconductor Corp (NYSE:MX)‘s stock had its “buy” rating restated by analysts at Topeka Capital Markets in a research report issued to clients and investors on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Magnachip Semiconductor Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $13.90 price target on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Magnachip Semiconductor Corp has an average rating of “Buy” and an average price target of $23.49.

Shares of Magnachip Semiconductor Corp (NYSE:MX) opened at 12.58 on Wednesday. Magnachip Semiconductor Corp has a 1-year low of $12.50 and a 1-year high of $23.89. The stock has a 50-day moving average of $13.78 and a 200-day moving average of $16.32. The company has a market cap of $439.6 million and a price-to-earnings ratio of 2.76.

MagnaChip Semiconductor Corporation (NYSE:MX) is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer applications.

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