- Analyst Rajvindra Gill spotlights MagnaChip Semiconductor's (NYSE:MX) Q4 2016 and future outlook as encouraging amid an ongoing turnaround narrative, while attributing today's sell-off to management commentary indicating lower AMOLED revenue for H1 2017, prior to an expected ramp in H2 2017. Remains, however, confident in the company's AMOLED design win pipeline as well as positive on MagnaChip Semiconductor's continued prioritization of improvement in gross margin, cash flow and profitability.
- Reissues $10 price target (current price $7.45).
MagnaChip Semiconductor -9.15%; Needham & Company considers oversold, reiterates Buy
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Symbol | Last Price | % Chg |
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MX | - | - |
Magnachip Semiconductor Corporation |