Needham analyst Rajvindra Gill reiterated a Buy rating on Magnachip Semiconductor Corp. on Tuesday, setting a price target of $30, which is approximately 15.34% above the present share price of $26.01.
Gill expects Magnachip Semiconductor Corp. to post earnings per share (EPS) of $1.87 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in MagnaChip (NYSE:MX), with an average price target of $26.25.
The analysts price targets range from a high of $30 to a low of $20.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $142.95 million and a net profit of $14.84 million. The company's market cap is $1.2 billion.
According to TipRanks.com, Needham analyst Rajvindra Gill is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.5% and a 66.50% success rate.
MagnaChip Semiconductor Corp . engages in the design and manufacture of analog and mixed-signal semiconductor products. It operates through the following segments: Foundry Services Group and Standard Products Group. The Foundry Services Group segment provides specialty analog and mixed-signal foundry services for fabless and Integrated Device Manufacturer semiconductor companies. The Standard Products Group segment consists of Display Solutions, which offers panel display solutions to the suppliers of large, small and flexible panel displays and Power Solutions, which comprises discrete and integrated circuit solutions for power management in consumer, communication, and industrial applications. The company was founded on November 26, 2003 and is headquartered in Luxembourg.