Magnachip Semiconductor Corp (MX) was Reiterated by Topeka Capital Markets to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 6 from a previous price target of $5 . Topeka Capital Markets advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on Magnachip Semiconductor Corp. Shares were Reiterated by Topeka Capital Markets on Feb 18, 2016 to “Buy” and Lowered the Price Target to $ 5 from a previous price target of $8 .
Magnachip Semiconductor Corp closed down -0.19 points or -3.76% at $4.86 with 70,611 shares getting traded on Wednesday. Post opening the session at $5.01, the shares hit an intraday low of $4.8 and an intraday high of $5.09 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
MagnaChip Semiconductor Corporation is a holding company which is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer computing communication industrial automotive and Internet of things (IoT) applications. The Company operates through three business lines: Display Solutions Power Solutions and Semiconductor Manufacturing Services. Its Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel display and include MagnaChip sensor products for mobile applications and industrial applications. The Company’s Power Solutions products include modules and integrated circuit solutions for power management in consumer computing communication and industrial applications. Its Semiconductor Manufacturing Services provide analog and mixed-signal foundry services mainly for fabless and certain integrated device manufacturer (IDM) semiconductor companies.