Thursday, August 24, 2017 1:32:31 PM
MX
Needham & Company raised its price target on Magnachip Semiconductor (NYSE: MX) to $15.00 (from $13.00) while maintaining a Buy rating. This quarter MX reported $166.7M in revenue, at the midpoint of their $162-$168 guidance. Non-GAAP EPS of $0.21 was well above estimates of -($0.05). For 3Q17 MX expects $172-$178M in revenue.
MX’s OLED product pipeline is expanding with a new 55nm flexible product and two 110nm wins this quarter. Analyst Rajvindra Gill believes that MX is the best positioned play on the transition from LCD to OLED due to its technology lead and close relationship with Samsung.
Needham & Company raised its price target on Magnachip Semiconductor (NYSE: MX) to $15.00 (from $13.00) while maintaining a Buy rating. This quarter MX reported $166.7M in revenue, at the midpoint of their $162-$168 guidance. Non-GAAP EPS of $0.21 was well above estimates of -($0.05). For 3Q17 MX expects $172-$178M in revenue.
MX’s OLED product pipeline is expanding with a new 55nm flexible product and two 110nm wins this quarter. Analyst Rajvindra Gill believes that MX is the best positioned play on the transition from LCD to OLED due to its technology lead and close relationship with Samsung.
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