Last analyst speaking up that I have seen was Barclays which downgraded Magnachip Semiconductor (NYSE: MX) from Overweight to Equalweight with a price target of $7.00 (from $17.00) on 2/13.
Even so - 5.28 to 7 bucks is a 32% upside.
As for what I said - "Worried about a hostile? I don't blame them"....
When a company starts getting worried about a Hostile takeover, to me that means they feel they have a good product and their stock has gotten way to cheap and they are worried to beat hell that someone (aka: activist) is going to accumulate enough shares on the open market to get some say in how things move forward.
Would you want someone doing that with your company?
No. So you put in measures that thwart that from happening.
I don't blame them. It was a wise move. First exciting thing I have read about MX in awhile. :)
"Then there was a woman, a lion of a woman."
Recent MX News
- Magnachip Expands Automotive Power Product Lineup with Four New 40V MXT MV MOSFETs • Business Wire • 09/09/2024 10:55:00 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 09:34:03 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:21:21 PM
- Groupe TMX Limitée présente ses résultats du deuxième trimestre de 2024 • PR Newswire (Canada) • 07/31/2024 09:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:20:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:15:32 PM
- Magnachip Reports Results for Second Quarter 2024 • Business Wire • 07/31/2024 08:05:00 PM
- Magnachip Unveils Its First 8th-Generation MXT LV MOSFET Designed with Super-Short Channel FET II • Business Wire • 07/30/2024 10:55:00 AM
- Magnachip Expands Solar Energy Power Product Lineup with the Release of 1200V IGBT in TO-247PLUS Package • Business Wire • 07/29/2024 10:55:00 AM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 07/11/2024 08:20:04 PM
- Magnachip to Announce Second Quarter 2024 Financial Results on July 31, 2024 • Business Wire • 07/10/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:20:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:20:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:20:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:20:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:20:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:20:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:20:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:20:04 PM
- Magnachip Mixed-Signal Unveils Power Management IC and Level Shifter for Display Panels in IT Devices • Business Wire • 06/10/2024 10:55:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 08:20:04 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 08:21:35 PM
- Magnachip Reports Results for First Quarter 2024 • Business Wire • 05/02/2024 08:05:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM