Oppenheimer analyst Martin Yang maintained a Buy rating on MagnaChip (MX) today and set a price target of $25.00. The company’s shares closed last Wednesday at $20.14, close to its 52-week high of $20.31.
According to TipRanks.com, Yang is a 4-star analyst with an average return of 24.9% and a 65.2% success rate. Yang covers the Technology sector, focusing on stocks such as QuickLogic, Synaptics, and Corning.
MagnaChip has an analyst consensus of Moderate Buy, with a price target consensus of $23.00.
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The company has a one-year high of $20.31 and a one-year low of $6.30. Currently, MagnaChip has an average volume of 529.1K.
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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.
