Magnachip Semiconductor: Needham reiterates the 'Buy' Rating, The Target Price is $6

Needham reiterates 'Buy' rating on Magnachip Semiconductor(MX).

The target price is unchanged and still at 6 .

[Recent Rating]

Date	Agency	Change	Rating	Rating （previously）	Target Price	Target Price（previously）
2025-03-13	Needham	Reiterates	Buy	Buy	$6	$6

[Recent Earning Results] Magnachip Semiconductor posted the Q3 of its 2024 financial results on 11/7/2024, reporting total revenue of USD 168.70 million in the first three quarters, down 5.88% from USD 179.23 million year over year, reporting net income of USD -38.03 million in the first three quarters, expanding 24.36% from USD -30.58 million year over year.

[Company Profile] Magnachip Semiconductor Corporation, a Delaware corporation, is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high-volume consumer applications. The Company's business is comprised of three key segments: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. The company's Display Solutions products include display drivers for use in a wide range of flat panel displays and mobile multimedia devices. The company's Power Solutions products include discrete and integrated circuit solutions for power management in high-volume consumer applications. The company's Semiconductor Manufacturing Services segment provides specialty analog and mixed-signal foundry services for fabless semiconductor companies that serve the consumer, computing and wireless end markets.