Magnachip Semiconductor Corp N Stock Price, News & Analysis

Magnachip Semiconductor Corporation (NYSE: MX) reported strong Q4 2020 financial results, with a 14.5% sequential revenue growth and a GAAP operating income margin of 6.4%. The company noted a massive 185.6% increase in operating income compared to Q3 2020. Full-year earnings saw a significant turnaround, with net income rising to $344.97 million from a loss of $21.83 million in 2019. For Q1 2021, the company forecasts revenues between $119 million and $124 million, impacted by ongoing supply constraints amidst strong demand.

Magnachip Semiconductor Corporation (NYSE: MX) is set to report its fourth quarter and full year 2020 financial results on February 17, 2021, after market close. A conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results. Participants can join the call via a toll-free number or through a live webcast, with replays available until February 24, 2021. With over 40 years in operation, Magnachip specializes in analog and mixed-signal semiconductor solutions across various sectors, holding approximately 1,200 patents.

Magnachip Semiconductor Corporation (NYSE: MX) will participate in the 23rd Annual Needham Growth Conference on January 12-13, 2021. Members of the executive management team will hold one-on-one meetings and participate in a fireside chat on January 12 at 8:30 am ET. The fireside chat will be accessible via a live webcast on the company's website. Magnachip specializes in designing analog and mixed-signal semiconductor solutions for various applications including communications and IoT, boasting over 1,200 patents.

Magnachip Semiconductor Corporation (NYSE: MX) announced a new brand identity as a pure-play standard products company focused on the Display and Power markets. This transformation aims to enhance innovation and effectively respond to customer needs. CEO YJ Kim highlighted the successful change during the challenges of the COVID-19 pandemic, emphasizing the company's commitment to technology advancement. With over 1,200 patents, Magnachip offers a wide range of semiconductor solutions for various applications.

MagnaChip Semiconductor Corporation (NYSE: MX) has launched its first power management integrated circuit (PMIC) designed specifically for laptops featuring UHD display panels. This new PMIC integrates multiple power management functions, improving efficiency for battery-operated devices. It employs advanced I²C technology for dynamic voltage management and includes features such as over-voltage protection and thermal shutdown. With over 10 years in the PMIC market, MagnaChip plans to expand its product range for specialized display needs in the growing tablet and OLED TV sectors.

MagnaChip Semiconductor Corporation (NYSE: MX) announced the launch of eight new high-voltage 700V and 800V Super Junction Metal Oxide Semiconductor Field Effect Transistors (SJ MOSFETs) optimized for applications in TVs, LED lighting, and fast chargers. With cumulative shipments of 1.5 billion units since SJ MOSFET development began in 2013, the company aims to expand its reach, particularly in China, which has leading TV manufacturers. The new 800V MOSFETs boast enhanced robustness and improved power efficiency with a 30% reduction in total gate charge.

MagnaChip Semiconductor Corporation (NYSE: MX) will participate in two virtual investor conferences. The Roth Technology Virtual Event will feature one-on-one meetings on November 11 and 12, 2020, while the Furey Hidden Gems 2020 group meeting is scheduled for November 18, 2020 at 3:15 pm ET. MagnaChip designs and manufactures analog and mixed-signal semiconductor solutions for various applications, holding around 1,200 patents. More details can be found on their website.

MagnaChip Semiconductor Corporation (NYSE: MX) reported Q3 2020 financial results, marking a pivotal shift after selling its Foundry business. The company achieved 5% sequential revenue growth and a substantial net income increase of 835.7%, mainly due to a $287.1 million gain from the foundry sale. However, operating income fell by 62.6% quarter-on-quarter. Looking ahead, Q4 guidance estimates revenues between $128 million to $136 million, reflecting potential growth despite pandemic uncertainties.

MagnaChip Semiconductor Corporation (NYSE: MX) will announce its third-quarter financial results for the period ending September 30, 2020, on October 29, 2020, post-market close. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Investors can join via a toll-free number or access the live webcast on the company’s website. The earnings release will be available there as well. MagnaChip specializes in analog and mixed-signal semiconductor solutions across various applications and holds a robust portfolio of patents.