Magnachip Semiconductor (MX) Stock Forecast, Price Target & Predictions
MX Stock Forecast
Magnachip Semiconductor stock forecast is as follows: an average price target of $8.00 (represents a 109.42% upside from MX’s last price of $3.82) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
MX Price Target
The average price target for Magnachip Semiconductor (MX) is $8.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $8.00 to $8.00. This represents a potential 109.42% upside from MX's last price of $3.82.
MX Analyst Ratings
According to 2 Wall Street analysts, Magnachip Semiconductor's rating consensus is 'Buy'. The analyst rating breakdown for MX stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Magnachip Semiconductor Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 03, 2024 | Rajvindra Gill | Needham | $8.00 | $4.93 | 62.27% | 109.42% |
| Aug 09, 2022 | Rajvindra Gill | Needham | $22.00 | $12.20 | 80.33% | 475.92% |
The latest Magnachip Semiconductor stock forecast, released on May 03, 2024 by Rajvindra Gill from Needham, set a price target of $8.00, which represents a 62.27% increase from the stock price at the time of the forecast ($4.93), and a 109.42% increase from MX last price ($3.82).
Magnachip Semiconductor Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $8.00 |
| Last Closing Price | $3.82 | $3.82 | $3.82 |
| Upside/Downside | -100.00% | -100.00% | 109.42% |
In the current month, the average price target of Magnachip Semiconductor stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Magnachip Semiconductor's last price of $3.82. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 03, 2024 | Needham | Buy | Buy | Hold |
| Aug 09, 2022 | Needham | Buy | Buy | Hold |
| Apr 26, 2022 | Zacks Investment Research | - | Hold | Upgrade |
Magnachip Semiconductor's last stock rating was published by Needham on May 03, 2024. The company gave MX a "Buy" rating, the same as its previous rate.
Magnachip Semiconductor Financial Forecast
Magnachip Semiconductor Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $50.82M | $61.24M | $60.98M | $57.01M | $60.99M | $71.20M | $101.38M | $104.09M | $110.33M | $127.00M | $113.88M | $123.02M | $142.94M | $124.81M | $118.83M | $120.47M | $199.99M | $229.68M | $205.15M | $157.38M | $165.82M | $161.71M |
| Avg Forecast | $65.75M | $68.25M | $60.25M | $55.75M | $61.57M | $64.04M | $51.47M | $48.73M | $52.47M | $61.82M | $60.50M | $57.00M | $59.67M | $72.33M | $101.13M | $105.77M | $122.30M | $121.40M | $131.10M | $121.53M | $124.40M | $121.00M | $118.60M | $192.00M | $199.00M | $225.00M | $194.00M | $152.50M | $248.73M | $1.46B |
| High Forecast | $65.81M | $68.31M | $60.30M | $55.80M | $61.67M | $69.13M | $51.47M | $48.73M | $52.52M | $61.82M | $60.55M | $57.05M | $59.72M | $72.33M | $101.13M | $105.77M | $122.30M | $121.40M | $131.10M | $121.53M | $124.40M | $121.00M | $118.60M | $192.00M | $199.00M | $225.00M | $194.00M | $152.50M | $298.47M | $1.75B |
| Low Forecast | $65.69M | $68.19M | $60.20M | $55.70M | $61.47M | $56.56M | $51.47M | $48.73M | $52.42M | $61.82M | $60.45M | $56.95M | $59.62M | $72.33M | $101.13M | $105.77M | $122.30M | $121.40M | $131.10M | $121.53M | $124.40M | $121.00M | $118.60M | $192.00M | $199.00M | $225.00M | $194.00M | $152.50M | $198.98M | $1.16B |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 8 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | 0.97% | 0.99% | 1.01% | 1.00% | 1.02% | 0.98% | 1.00% | 0.98% | 0.90% | 1.05% | 0.87% | 1.01% | 1.15% | 1.03% | 1.00% | 0.63% | 1.00% | 1.02% | 1.06% | 1.03% | 0.67% | 0.11% |
Magnachip Semiconductor's average Quarter revenue forecast for Mar 24 based on 1 analysts is $48.73M, with a low forecast of $48.73M, and a high forecast of $48.73M. MX's average Quarter revenue forecast represents a -4.11% decrease compared to the company's last Quarter revenue of $50.82M (Dec 23).
Magnachip Semiconductor EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 8 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | $-11.83M | $-2.69M | $-10.66M | $-21.82M | $-3.96M | $-4.43M | $6.99M | $17.70M | $68.63M | $17.61M | $6.04M | $-2.69M | $24.29M | $280.16M | $37.82M | $-8.90M | $38.79M | $13.66M | $5.17M | $-19.34M | $17.17M | $56.52M |
| Avg Forecast | $2.98M | $3.10M | $2.73M | $2.53M | $2.79M | $2.91M | $2.33M | $22.69M | $2.38M | $2.80M | $2.74M | $17.93M | $48.08M | $3.28M | $4.59M | $14.18M | $5.55M | $5.51M | $5.95M | $-1.27M | $5.64M | $5.49M | $5.38M | $-13.84M | $9.03M | $10.21M | $8.80M | $-15.79M | $22.90M | $107.39M |
| High Forecast | $2.99M | $3.10M | $2.74M | $2.53M | $2.80M | $3.14M | $2.33M | $27.22M | $2.38M | $2.80M | $2.75M | $21.52M | $57.69M | $3.28M | $4.59M | $17.01M | $5.55M | $5.51M | $5.95M | $-1.02M | $5.64M | $5.49M | $5.38M | $-11.07M | $9.03M | $10.21M | $8.80M | $-12.63M | $27.48M | $128.87M |
| Low Forecast | $2.98M | $3.09M | $2.73M | $2.53M | $2.79M | $2.57M | $2.33M | $18.15M | $2.38M | $2.80M | $2.74M | $14.35M | $38.46M | $3.28M | $4.59M | $11.34M | $5.55M | $5.51M | $5.95M | $-1.52M | $5.64M | $5.49M | $5.38M | $-16.61M | $9.03M | $10.21M | $8.80M | $-18.95M | $18.32M | $85.91M |
| Surprise % | - | - | - | - | - | - | - | - | -4.97% | -0.96% | -3.88% | -1.22% | -0.08% | -1.35% | 1.52% | 1.25% | 12.37% | 3.20% | 1.02% | 2.12% | 4.30% | 51.03% | 7.03% | 0.64% | 4.30% | 1.34% | 0.59% | 1.23% | 0.75% | 0.53% |
1 analysts predict MX's average Quarter EBITDA for Sep 22 to be $3.28M, with a high of $3.28M and a low of $3.28M. This is -53.02% lower than Magnachip Semiconductor's previous annual EBITDA (Jun 22) of $6.99M.
Magnachip Semiconductor Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 8 | 10 |
| Net Income | - | - | - | - | - | - | - | - | $-6.04M | $-5.17M | $-3.95M | $-21.47M | $2.97M | $-17.20M | $-3.34M | $9.53M | $53.61M | $10.77M | $-198.00K | $-7.47M | $66.58M | $272.96M | $29.17M | $-23.75M | $23.43M | $-1.61M | $-9.52M | $-34.13M | $2.76M | $43.74M |
| Avg Forecast | $-9.90M | $-10.09M | $-12.94M | $-13.32M | $-7.23M | $-7.10M | $-12.56M | $12.71M | $-10.02M | $-6.51M | $-8.75M | $10.04M | $37.56M | $-2.16M | $7.00M | $7.94M | $10.69M | $7.63M | $7.83M | $-3.52M | $4.82M | $2.66M | $2.78M | $-36.92M | $5.25M | $10.82M | $-4.94M | $-27.86M | $3.68M | $83.10M |
| High Forecast | $-9.88M | $-10.08M | $-12.93M | $-13.31M | $-4.74M | $-1.96M | $-12.55M | $15.25M | $-7.35M | $-6.50M | $-8.74M | $12.05M | $45.07M | $-2.16M | $7.00M | $9.53M | $10.69M | $7.63M | $7.83M | $-2.82M | $4.82M | $2.66M | $2.78M | $-29.54M | $5.25M | $10.82M | $-4.94M | $-22.29M | $4.42M | $99.72M |
| Low Forecast | $-9.91M | $-10.10M | $-12.95M | $-13.34M | $-9.48M | $-11.12M | $-12.57M | $10.16M | $-12.36M | $-6.52M | $-8.76M | $8.04M | $30.04M | $-2.16M | $7.00M | $6.35M | $10.69M | $7.63M | $7.83M | $-4.23M | $4.82M | $2.66M | $2.78M | $-44.30M | $5.25M | $10.82M | $-4.94M | $-33.43M | $2.95M | $66.48M |
| Surprise % | - | - | - | - | - | - | - | - | 0.60% | 0.79% | 0.45% | -2.14% | 0.08% | 7.95% | -0.48% | 1.20% | 5.02% | 1.41% | -0.03% | 2.12% | 13.80% | 102.73% | 10.51% | 0.64% | 4.46% | -0.15% | 1.93% | 1.23% | 0.75% | 0.53% |
Magnachip Semiconductor's average Quarter net income forecast for Mar 23 is $10.04M, with a range of $8.04M to $12.05M. MX's average Quarter net income forecast represents a 238.07% increase compared to the company's last Quarter net income of $2.97M (Dec 22).
Magnachip Semiconductor SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 8 | 10 |
| SG&A | - | - | - | - | - | - | - | - | $12.08M | $12.09M | $12.14M | $12.16M | $12.56M | $11.41M | $12.74M | $14.16M | $13.26M | $12.55M | $14.00M | $12.63M | $12.02M | $12.89M | $12.41M | $12.66M | $19.78M | $16.81M | $16.98M | $18.07M | $17.62M | $23.15M |
| Avg Forecast | $8.73M | $9.07M | $8.00M | $7.41M | $8.18M | $8.51M | $6.84M | $18.89M | $6.97M | $8.21M | $8.04M | $14.93M | $9.29M | $9.61M | $13.43M | $11.80M | $16.24M | $16.13M | $17.41M | $5.96M | $16.52M | $16.07M | $15.75M | $19.67M | $26.43M | $29.89M | $25.77M | $14.75M | $23.50M | $43.98M |
| High Forecast | $8.74M | $9.07M | $8.01M | $7.41M | $8.19M | $9.18M | $6.84M | $22.66M | $6.98M | $8.21M | $8.04M | $17.92M | $11.14M | $9.61M | $13.43M | $14.16M | $16.24M | $16.13M | $17.41M | $7.15M | $16.52M | $16.07M | $15.75M | $23.61M | $26.43M | $29.89M | $25.77M | $17.70M | $28.20M | $52.78M |
| Low Forecast | $8.73M | $9.06M | $8.00M | $7.40M | $8.16M | $7.51M | $6.84M | $15.11M | $6.96M | $8.21M | $8.03M | $11.94M | $7.43M | $9.61M | $13.43M | $9.44M | $16.24M | $16.13M | $17.41M | $4.76M | $16.52M | $16.07M | $15.75M | $15.74M | $26.43M | $29.89M | $25.77M | $11.80M | $18.80M | $35.18M |
| Surprise % | - | - | - | - | - | - | - | - | 1.73% | 1.47% | 1.51% | 0.81% | 1.35% | 1.19% | 0.95% | 1.20% | 0.82% | 0.78% | 0.80% | 2.12% | 0.73% | 0.80% | 0.79% | 0.64% | 0.75% | 0.56% | 0.66% | 1.23% | 0.75% | 0.53% |
Magnachip Semiconductor's average Quarter SG&A projection for Mar 24 is $18.89M, based on 1 Wall Street analysts, with a range of $15.11M to $22.66M. The forecast indicates a 56.36% rise compared to MX last annual SG&A of $12.08M (Dec 23).
Magnachip Semiconductor EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 8 | 10 |
| EPS | - | - | - | - | - | - | - | - | $-0.16 | $-0.13 | $-0.09 | $-0.49 | $0.07 | $-0.38 | $-0.07 | $0.21 | $1.16 | $0.23 | $-0.00 | $-0.19 | $1.87 | $7.74 | $0.84 | $-0.68 | $0.68 | $-0.05 | $-0.28 | $-1.00 | $0.08 | $1.30 |
| Avg Forecast | $-0.26 | $-0.27 | $-0.34 | $-0.35 | $-0.19 | $-0.19 | $-0.33 | $-0.33 | $-0.26 | $-0.17 | $-0.23 | $-0.20 | $-0.26 | $-0.06 | $0.18 | $0.24 | $0.28 | $0.20 | $0.20 | $0.13 | $0.13 | $0.07 | $0.07 | $0.11 | $0.14 | $0.28 | $-0.13 | $-0.50 | $0.08 | $-0.17 |
| High Forecast | $-0.26 | $-0.26 | $-0.34 | $-0.35 | $-0.12 | $-0.05 | $-0.33 | $-0.33 | $-0.19 | $-0.17 | $-0.23 | $-0.19 | $-0.26 | $-0.06 | $0.18 | $0.24 | $0.28 | $0.20 | $0.20 | $0.13 | $0.13 | $0.07 | $0.07 | $0.11 | $0.14 | $0.28 | $-0.13 | $-0.50 | $0.10 | $-0.14 |
| Low Forecast | $-0.26 | $-0.27 | $-0.34 | $-0.35 | $-0.25 | $-0.29 | $-0.33 | $-0.33 | $-0.32 | $-0.17 | $-0.23 | $-0.20 | $-0.26 | $-0.06 | $0.18 | $0.24 | $0.28 | $0.20 | $0.20 | $0.13 | $0.13 | $0.07 | $0.07 | $0.11 | $0.14 | $0.28 | $-0.13 | $-0.50 | $0.06 | $-0.21 |
| Surprise % | - | - | - | - | - | - | - | - | 0.61% | 0.76% | 0.41% | 2.51% | -0.27% | 6.71% | -0.41% | 0.89% | 4.14% | 1.15% | -0.02% | -1.41% | 14.80% | 111.20% | 11.55% | -6.40% | 4.94% | -0.18% | 2.17% | 2.02% | 1.00% | -7.65% |
According to 1 Wall Street analysts, Magnachip Semiconductor's projected average Quarter EPS for Mar 23 is $-0.20, with a low estimate of $-0.20 and a high estimate of $-0.19. This represents a -378.57% decrease compared to MX previous annual EPS of $0.07 (Dec 22).
Magnachip Semiconductor Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MXL | MaxLinear | $13.15 | $33.88 | 157.64% | Hold |
| SYNA | Synaptics | $69.27 | $160.83 | 132.18% | Buy |
| MX | Magnachip Semiconductor | $3.82 | $8.00 | 109.42% | Buy |
| SIMO | Silicon Motion | $52.29 | $82.00 | 56.82% | Buy |
| SGH | SMART Global | $20.85 | $29.38 | 40.91% | Buy |
| FORM | FormFactor | $38.77 | $51.17 | 31.98% | Buy |
| DIOD | Diodes | $60.19 | $74.00 | 22.94% | Buy |
| SMTC | Semtech | $43.92 | $49.50 | 12.70% | Buy |
| AOSL | Alpha and Omega Semiconductor | $33.25 | $31.50 | -5.26% | Buy |
| MTSI | MACOM Technology Solutions | $113.80 | $103.88 | -8.72% | Buy |
| SITM | SiTime | $171.81 | $139.17 | -19.00% | Buy |
MX Forecast FAQ
Is Magnachip Semiconductor a good buy?
Yes, according to 2 Wall Street analysts, Magnachip Semiconductor (MX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of MX's total ratings.
What is MX's price target?
Magnachip Semiconductor (MX) average price target is $8 with a range of $8 to $8, implying a 109.42% from its last price of $3.82. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Magnachip Semiconductor stock go up soon?
According to Wall Street analysts' prediction for MX stock, the company can go up by 109.42% (from the last price of $3.82 to the average price target of $8), up by 109.42% based on the highest stock price target, and up by 109.42% based on the lowest stock price target.
Can Magnachip Semiconductor stock reach $6?
MX's average twelve months analyst stock price target of $8 supports the claim that Magnachip Semiconductor can reach $6 in the near future.
What are Magnachip Semiconductor's analysts' financial forecasts?
Magnachip Semiconductor's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $225.81M (high $231M, low $218.23M), average EBITDA is $30.72M (high $35.49M, low $25.84M), average net income is $-14.191M (high $-4M, low $-23.01M), average SG&A $42.41M (high $46.87M, low $37.62M), and average EPS is $-1.034 (high $-0.832, low $-1.199). MX's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $250M (high $250.21M, low $249.79M), average EBITDA is $11.34M (high $11.35M, low $11.33M), average net income is $-46.244M (high $-46.193M, low $-46.295M), average SG&A $33.21M (high $33.23M, low $33.18M), and average EPS is $-1.215 (high $-1.214, low $-1.216).
Did the MX's actual financial results beat the analysts' financial forecasts?
Based on Magnachip Semiconductor's last annual report (Dec 2023), the company's revenue was $230.05M, which missed the average analysts forecast of $231.79M by -0.75%. Apple's EBITDA was $-31.709M, missing the average prediction of $25.86M by -222.60%. The company's net income was $-36.622M, beating the average estimation of $-15.245M by 140.23%. Apple's SG&A was $48.47M, beating the average forecast of $38.15M by 27.06%. Lastly, the company's EPS was $-0.89, beating the average prediction of $-0.859 by 3.56%. In terms of the last quarterly report (Dec 2023), Magnachip Semiconductor's revenue was $50.82M, missing the average analysts' forecast of $52.47M by -3.13%. The company's EBITDA was $-11.834M, missing the average prediction of $2.38M by -597.16%. Magnachip Semiconductor's net income was $-6.04M, missing the average estimation of $-10.023M by -39.74%. The company's SG&A was $12.08M, beating the average forecast of $6.97M by 73.33%. Lastly, the company's EPS was $-0.16, missing the average prediction of $-0.263 by -39.24%