Magnachip Semiconductor Corp N Stock Price, News & Analysis

Magnachip Semiconductor has launched its eighth-generation 150V MXT MOSFET designed for Light Electric Vehicles (LEVs), enhancing motor controllers and battery management systems (BMSs). The new product, MDT15N054PTRH, features a 28% reduction in R_DS(on) and a surface mount device packaging (TOLL) for better heat dissipation. Its operational temperature ranges from -55°C to 175°C, ensuring robust performance. With over 40 previous MOSFET products since 2008, Magnachip continues to innovate in the LEV market.

Magnachip Semiconductor Corporation (NYSE: MX) has launched its first Power Management Integrated Circuit (PMIC) for IT devices with OLED screens. This PMIC enhances power efficiency and battery life in devices such as laptops and tablets. It features advanced functions like output voltage control and supports a variable refresh rate, improving power consumption and user experience. Market research predicts a significant growth in OLED panel shipments for laptops and tablets, indicating robust demand. The CEO stated that the company will expand its PMIC product offerings to meet market needs.

Magnachip Semiconductor Corporation reported Q3 2022 revenues of $71.2 million, aligning with guidance but reflecting a year-over-year decline due to supply shortages of OLED wafers and reduced demand from China. The gross profit margin fell to 24.2%, below expectations, influenced by a $3.3 million charge for scrapped wafers. The company recorded a GAAP diluted loss per share of $0.38. Looking forward, Q4 2022 revenue guidance is between $57 million to $62 million.

Magnachip Semiconductor Corporation (NYSE: MX) announced it will report its third-quarter 2022 financial results on November 2, 2022, post-market. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET to discuss the results. Participants must register beforehand to receive necessary details. Magnachip designs and manufactures semiconductor solutions for various applications, holding approximately 1,100 patents and boasting over 40 years of experience.

Magnachip Semiconductor Corporation (NYSE: MX) announced an expansion of its stock repurchase program, increasing the amount from $75 million to $87.5 million. As of now, the company has repurchased $37.5 million in shares. The remaining $50 million will be acquired through market transactions. This move indicates management's confidence in enhancing shareholder value amid market fluctuations. The timing and number of shares repurchased will depend on market conditions.

Magnachip Semiconductor Corporation (NYSE: MX) has launched its third-generation 200V Medium Voltage (MV) MOSFETs aimed at enhancing energy efficiency for Light Electric Vehicles (LEV) motor controllers and industrial power supplies. These new MOSFETs feature a 50% reduction in capacitance compared to the previous generation and incorporate advanced trench technology. With a high operating temperature range from -55°C to 175°C and proven avalanche ruggedness, the MOSFETs are designed for superior performance. Market research indicates strong growth in automotive and industrial silicon power MOSFET sectors, projected at 11.5% and 9.6% annually through 2025.

Magnachip Semiconductor Corporation (NYSE: MX) reported Q2 2022 revenue of $101.4 million, down 2.6% sequentially and 11.0% YoY, mainly due to supply shortages of 28nm OLED wafers, despite an 11.1% YoY rise in Power solutions revenue. Gross profit margin decreased to 28.6%, affected by lower demand and higher costs. Non-GAAP diluted EPS was $0.23. The company reaffirmed a $37.5 million stock repurchase program and activated a Strategic Review Committee to explore options for maximizing shareholder value, while anticipating challenges and recovery in 2023.

Magnachip Semiconductor Corporation (NYSE: MX) announced its participation in the Oppenheimer 25th Annual Technology, Internet & Communications Conference, taking place virtually from August 9 to August 10, 2022. Key executives, CEO YJ Kim and CFO Shinyoung Park, will hold one-on-one and small group meetings with institutional investors. With over 40 years of experience, Magnachip specializes in analog and mixed-signal semiconductor solutions for various applications, owning around 1,100 patents. For inquiries, interested parties should contact an Oppenheimer sales representative.