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
- 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
- Magnachip to Announce First Quarter 2024 Financial Results on May 2, 2024 • Business Wire • 04/15/2024 08:05:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/08/2024 09:21:30 PM
- Magnachip to Participate in the 36th Annual ROTH Conference • Business Wire • 03/04/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:21:05 PM
- Magnachip Reports Results for Fourth Quarter and Full-Year 2023 • Business Wire • 02/28/2024 09:05:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 11:01:20 AM
- Magnachip to Announce Fourth Quarter 2023 Financial Results on February 28, 2024 • PR Newswire (US) • 02/07/2024 09:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:39:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:15:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:15:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:15:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:15:13 PM
- Magnachip to Participate in the 26th Annual Needham Growth Conference • PR Newswire (US) • 01/03/2024 09:05:00 PM
- Magnachip Commences Full-Scale Mass Production of New 30V MXT LV MOSFET for Electric Power Steering Systems • PR Newswire (US) • 12/18/2023 11:55:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 09:15:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 09:15:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 09:15:08 PM
- Magnachip to Participate in UBS Global Technology Conference • PR Newswire (US) • 11/13/2023 09:05:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 09:16:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/02/2023 08:20:57 PM
- Magnachip Reports Results for Third Quarter 2023 • PR Newswire (US) • 11/02/2023 08:05:00 PM
- Magnachip Commences Mass Production of Two New 650V SJ MOSFETs with a Slim Form Factor • PR Newswire (US) • 10/31/2023 10:55:00 AM
- Magnachip Introduces 6th-Generation 600V SJ MOSFET Developed with Cutting-Edge Microfabrication Technology • PR Newswire (US) • 10/30/2023 10:55:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM