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 106.72% upside from MX’s last price of $3.87) 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 106.72% upside from MX's last price of $3.87.
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% | 106.72% |
| Aug 09, 2022 | Rajvindra Gill | Needham | $22.00 | $12.20 | 80.33% | 468.48% |
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 106.72% increase from MX last price ($3.87).
Magnachip Semiconductor Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $8.00 |
| Last Closing Price | $3.87 | $3.87 | $3.87 |
| Upside/Downside | -100.00% | -100.00% | 106.72% |
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 $3.87. 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 | $66.08M | $68.60M | $60.56M | $56.03M | $61.67M | $64.04M | $51.47M | $48.73M | $52.52M | $61.82M | $60.81M | $57.29M | $59.97M | $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 | $65.44M | $67.93M | $59.97M | $55.49M | $61.47M | $64.04M | $51.47M | $48.73M | $52.42M | $61.82M | $60.22M | $56.73M | $59.39M | $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 | 1 | 1 | 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 | 1 | 1 | 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 | $2.56M | $2.66M | $2.35M | $2.17M | $2.40M | $2.50M | $2.01M | $22.69M | $2.05M | $2.41M | $2.36M | $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 | $2.58M | $2.67M | $2.36M | $2.18M | $2.40M | $2.50M | $2.01M | $27.22M | $2.05M | $2.41M | $2.37M | $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 | $2.55M | $2.65M | $2.34M | $2.16M | $2.40M | $2.50M | $2.01M | $18.15M | $2.04M | $2.41M | $2.35M | $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 % | - | - | - | - | - | - | - | - | -5.79% | -1.11% | -4.52% | -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 | 1 | 1 | 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 | $-9.74M | $-9.93M | $-12.74M | $-13.11M | $-7.12M | $-6.99M | $-12.36M | $12.71M | $-9.87M | $-6.41M | $-8.62M | $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 | $-9.68M | $-9.87M | $-12.66M | $-13.03M | $-7.08M | $-6.95M | $-12.29M | $15.25M | $-7.24M | $-6.37M | $-8.57M | $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 | $-9.81M | $-9.99M | $-12.82M | $-13.20M | $-7.17M | $-7.04M | $-12.45M | $10.16M | $-12.17M | $-6.45M | $-8.67M | $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 % | - | - | - | - | - | - | - | - | 0.61% | 0.81% | 0.46% | -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 | 1 | 1 | 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 | $8.69M | $9.02M | $7.96M | $7.37M | $8.14M | $8.47M | $6.80M | $18.89M | $6.94M | $8.17M | $8.00M | $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 | $8.00M | $7.41M | $8.15M | $8.47M | $6.80M | $22.66M | $6.94M | $8.17M | $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 | $8.65M | $8.98M | $7.93M | $7.33M | $8.12M | $8.47M | $6.80M | $15.11M | $6.93M | $8.17M | $7.96M | $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 % | - | - | - | - | - | - | - | - | 1.74% | 1.48% | 1.52% | 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 | 1 | 1 | 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 | $-0.19 | $-0.19 | $-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 | $-0.19 | $-0.19 | $-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 |
|---|---|---|---|---|---|
| MX | Magnachip Semiconductor | $3.98 | $8.00 | 101.01% | Buy |
| SYNA | Synaptics | $78.76 | $96.67 | 22.74% | Buy |
| MXL | MaxLinear | $19.55 | $23.33 | 19.34% | Hold |
| FORM | FormFactor | $43.87 | $52.00 | 18.53% | Buy |
| DIOD | Diodes | $63.45 | $74.00 | 16.63% | Buy |
| SIMO | Silicon Motion | $60.15 | $60.00 | -0.25% | Buy |
| AOSL | Alpha and Omega Semiconductor | $42.51 | $42.00 | -1.20% | Buy |
| SMTC | Semtech | $65.73 | $61.00 | -7.20% | Buy |
| MTSI | MACOM Technology Solutions | $138.18 | $120.00 | -13.16% | Buy |
| SITM | SiTime | $248.46 | $171.67 | -30.91% | Buy |