MagnaChip Semiconductor (NYSE:MX) Stock, Quote.Headers.trade-ideas

MagnaChip Semiconductor

MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communications, Internet of Things applications, consumer, industrial and automotive applications. The company's product portfolio consists of large display solutions, mobile display solutions, sensor solutions, LED solutions, mobile solutions, and power conversions. The company operates in two segments namely Transitional Fab 3 foundry services and Standard products business. The company operates in Korea, Asia Pacific (other than Korea), United States and Europe.

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	Needham analyst Rajvindra Gill offered his bullish take on two semiconductor stocks.


Needham Remains Bullish On Magnachip Semiconductor &amp; Velodyne Lidar

Short Ideas

Trading Ideas

On Friday, shares of Magnachip Semiconductor Corporation (NYSE: MX) experienced volatile short activity. After the activity, the stock price moved down -3.08% to $18.59. 

The overall sentiment for MX has been Bearish.

Short Volatility Alert: Magnachip Semiconductor Corporation

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Needham analyst Quinn Bolton maintains MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) with a Buy and lowers the price target from $8 to $7.

Needham Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $7

Guidance

Magnachip Now Expects FY24 Consolidated Revenue Flattish-To-Slightly Down, Compared To Prior Expectation Of Flat-To-Up-slightly Y/Y

Magnachip Expects Q3 Consolidated Revenue Of $61.5M - $66.5M, Est $62.5M

WIIM

Magnachip Semiconductor shares are trading higher after the company reported better-than-expected Q2 financial results.

MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) reported quarterly losses of $(0.21) per share which beat the analyst consensus estimate of $(0.33) by 36.36 percent. This is a 250 percent decrease over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $53.171 million which beat the analyst consensus estimate of $51.467 million by 3.31 percent. This is a 12.80 percent decrease over sales of $60.979 million the same period last year.

Earnings

Earnings Beats

MagnaChip Semiconductor Q2 2024 Adj. EPS $(0.21) Beats $(0.33) Estimate, Sales $53.171M Beat $51.467M Estimate

Magnachip Semiconductor Corporation (&quot;Magnachip&quot; or &quot;Company&quot;) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) announced today the completion of the development of its 1200V 75A Insulated Gate Bipolar Transistor (IGBT) in a TO-247PLUS package, designed for solar inverters. The Company plans to start mass production in October this year.
Magnachip provides optimized solutions for the solar energy market with its diverse IGBT and MXT MV MOSFET products. (Photo: Business Wire)
Magnachip entered the solar inverter market in 2020 by introducing the 1200V 40A IGBT (MBQ40T120QFS) and began offering the 650V 75A IGBT (MBQ75T65PEH) in 2022. Now, the Company unveils its latest 1200V 75A IGBT (MBQA75T120RFS), featuring its cutting-edge design technology and processes.
This new product, packaged in a TO-247PLUS with a wide heat spreader, improves heat dissipation as compared to the TO-247 package. Additionally, it enhances power efficiency by reducing conduction loss by over&nbsp;14%&nbsp;compared to its previous generation. This improvement ensures stable operation even in overload conditions, thereby enhancing system reliability.
Moreover, this new IGBT product provides application design flexibility, as its performance can replace that of two 40A IGBTs. Another notable feature is the incorporation of a fast recovery anti-parallel diode, which quickly removes residual current to reduce switching losses and guarantees a maximum operating junction temperature of 175&deg;C. Designed in accordance with the standards of the Joint Electron Device Engineering Council (JEDEC), this product is suitable for a wide range of applications requiring strict power ratings and high efficiency, including solar inverters, converters, uninterruptible power supply systems, and general-purpose inverters.
According to market research firm Omdia, the discrete IGBT and silicon-based MOSFET sectors in the renewable energy market are expected to grow at a compound annual growth rate of&nbsp;15%&nbsp;from 2024 to 2028.

Magnachip Unveils Advanced 1200V IGBT for Solar Inverters, New Product to Start Mass Production in October

Magnachip Semiconductor Disclosed The Opening Of Magnachip Technology Company, Ltd. At Its Headquarters Located In Hefei, China

Roth MKM analyst Suji Desilva maintains MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) with a Buy and lowers the price target from $10 to $8.

Roth MKM Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $8

Needham analyst Quinn Bolton maintains MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) with a Buy and lowers the price target from $10 to $8.

Needham Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $8

General

MagnaChip Semiconductor shares are trading higher after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

The Q2 outlook includes approximately&nbsp;$1.5 million&nbsp;of Transitional Foundry Services.
For the full-year 2024, reiterated&nbsp;prior&nbsp;guidance:&nbsp;Consolidated revenue flat-to-up-slightly year-over-year as recovery in MSS and PAS is offset by the phase-out of Transitional Foundry Services.
<div>FY24 Consolidated gross profit margin between&nbsp;17%&nbsp;to&nbsp;20%, primarily as a result of the impact of idle capacity expected from the phase-out of Transitional Foundry Services. This compares with the consolidated gross profit margin of&nbsp;22.4%&nbsp;in 2023.</div>

Magnachip Expects Q2 Consolidated Revenue Of $49M-$54M (Est $54.6M); Reiterates FY24 Guidance

MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) reported quarterly losses of $(0.28) per share which beat the analyst consensus estimate of $(0.33) by 15.15 percent. This is a 16.67 percent decrease over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $49.067 million which beat the analyst consensus estimate of $48.733 million by 0.68 percent. This is a 13.93 percent decrease over sales of $57.005 million the same period last year.

MagnaChip Semiconductor Q1 2024 Adj EPS $(0.28) Beats $(0.33) Estimate, Sales $49.067M Beat $48.733M Estimate

Magnachip Boosts Its Extensive Automotive Product Lineup With The Release Of A New 40V MXT MV MOSFET

<h3>Gainers</h3>
<ul>
<li>CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) stock moved upwards by 34.6% to $3.19 during Thursday's regular session. The market value of their outstanding shares is at $48.6 million. </li>
<li>Vertex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERX#NASDAQ">VERX</a>) shares increased by 33.74% to $33.97. The market value of their outstanding shares is at $5.2 billion. As per the press release, Q4 earnings came out today. </li>
<li>Inseego (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) shares increased by 31.83% to $2.94. The company's market cap stands at $34.9 million. </li>
<li>GSI Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIT#NASDAQ">GSIT</a>) shares increased by 28.45% to $4.65. The company's market cap stands at $117.6 million. </li>
<li>C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) shares increased by 24.58% to $36.99. The market value of their outstanding shares is at $4.4 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Pure Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) stock increased by 22.5% to $51.6. The company's market cap stands at $16.3 billion. As per the press release, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>LivePerson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NASDAQ">LPSN</a>) stock decreased by 40.2% to $1.44 during Thursday's regular session. The market value of their outstanding shares is at $116.0 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Endava (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVA#NYSE">DAVA</a>) shares decreased by 38.95% to $38.96. The company's market cap stands at $2.2 billion. As per the news, the Q2 earnings report came out today. </li>
<li>CommScope Hldg Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) stock fell 31.36% to $1.27. The market value of their outstanding shares is at $269.3 million. The company's, Q4 earnings came out today. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) shares fell 24.53% to $0.3. The market value of their outstanding shares is at $24.2 million. </li>
<li>Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) stock decreased by 19.28% to $185.66. The market value of their outstanding shares is at $61.0 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) stock fell 17.94% to $5.49. The company's market cap stands at $212.8 million. As per the press release, Q4 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Needham analyst Quinn Bolton maintains MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) with a Buy and lowers the price target from $13 to $10.

Needham Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $10

The Q1 revenue forecast includes&nbsp;approximately&nbsp;$3 million&nbsp;of Transitional Foundry Services.

Magnachip Expects Q1 Consolidated Revenue Of $46M-$51M (Est $53.75M); Sees 2024 Consolidated Revenue Flat-To-Up-Slightly Y/Y

MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) reported quarterly losses of $(0.21) per share which beat the analyst consensus estimate of $(0.26) by 19.23 percent. The company reported quarterly sales of $50.82 million which missed the analyst consensus estimate of $52.47 million by 3.13 percent. This is a 16.67 percent decrease over sales of $60.99 million the same period last year.

Earnings Misses

MagnaChip Semiconductor Q4 2023 Adj EPS $(0.21) Beats $(0.26) Estimate, Sales $50.82M Miss $52.47M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) is likely to report quarterly earnings at $1.68 per share on revenue of $11.56 billion.
&bull; Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $8.82 billion.
&bull; Regis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGS#NASDAQ">RGS</a>) is likely to report quarterly loss at $1.19 per share on revenue of $52.94 million.
&bull; Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is projected to report quarterly loss at $0.74 per share on revenue of $21.12 billion.
&bull; Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $2.60 billion.
&bull; Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) is expected to report quarterly earnings at $3.48 per share on revenue of $1.14 billion.
&bull; Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $1.03 billion.
&bull; Evercore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>) is expected to report quarterly earnings at $1.66 per share on revenue of $715.79 million.
&bull; Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) is estimated to report quarterly earnings at $1.32 per share on revenue of $5.04 billion.
&bull; Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $1.08 billion.
&bull; Cencora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) is likely to report earnings for its first quarter.
&bull; CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) is likely to report quarterly earnings at $1.36 per share on revenue of $2.68 billion.
&bull; Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) is likely to report quarterly earnings at $3.08 per share on revenue of $6.48 billion.
&bull; Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) is likely to report quarterly earnings at $1.40 per share on revenue of $6.17 billion.
&bull; Hess Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HESM#NYSE">HESM</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $357.92 million.
&bull; M/I Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>) is estimated to report quarterly earnings at $4.94 per share on revenue of $1.19 billion.
&bull; Fortive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $1.56 billion.
&bull; Radcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDCM#NASDAQ">RDCM</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $13.55 million.
&bull; Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) is likely to report quarterly loss at $1.43 per share on revenue of $85.16 million.
&bull; Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) is likely to report quarterly earnings at $2.85 per share on revenue of $1.50 billion.
&bull; Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) is projected to report quarterly earnings at $2.63 per share on revenue of $2.10 billion.
&bull; Automatic Data Processing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is projected to report quarterly earnings at $2.10 per share on revenue of $4.66 billion.
&bull; Silgan Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLGN#NYSE">SLGN</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $1.39 billion.
&bull; Columbus McKinnon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCO#NASDAQ">CMCO</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $250.34 million.
&bull; Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) is estimated to report quarterly earnings at $10.48 per share on revenue of $4.41 billion.
&bull; Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) is expected to report quarterly earnings at $5.64 per share on revenue of $10.73 billion.
&bull; GSK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $9.61 billion.
&bull; Nomura Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMR#NYSE">NMR</a>) is projected to report earnings for its third quarter.
&bull; Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $295.61 million.
&bull; New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $803.17 million.
&bull; Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) is likely to report quarterly earnings at $2.34 per share on revenue of $36.29 billion.
&bull; Teva Pharmaceutical Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $4.01 billion.
&bull; Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) is expected to report quarterly earnings at $4.34 per share on revenue of $1.58 billion.
&bull; Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) is projected to report quarterly earnings at $2.16 per share on revenue of $2.09 billion.
&bull; MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) is projected to report quarterly earnings at $1.73 per share on revenue of $195.93 million.
&bull; Otis Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) is estimated to report quarterly earnings at $0.86 per share on revenue of $3.57 billion.
&bull; Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $201.17 million.
&bull; Central Pacific Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPF#NYSE">CPF</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $50.78 million.
&bull; Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) is estimated to report quarterly earnings at $0.51 per share on revenue of $3.59 billion.
&bull; Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>) is estimated to report earnings for its fourth quarter.
&bull; United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $1.70 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is projected to report earnings for its first quarter.
&bull; EZCORP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $296.28 million.
&bull; Markel Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKL#NYSE">MKL</a>) is estimated to report quarterly earnings at $21.36 per share on revenue of $3.76 billion.
&bull; John B Sanfilippo &amp; Son (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBSS#NASDAQ">JBSS</a>) is estimated to report earnings for its second quarter.
&bull; Unifi (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFI#NYSE">UFI</a>) is likely to report quarterly loss at $0.85 per share on revenue of $135.57 million.
&bull; Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) is expected to report quarterly earnings at $5.99 per share on revenue of $460.96 million.
&bull; SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) is projected to report quarterly earnings at $0.92 per share on revenue of $479.93 million.
&bull; Good Times Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTIM#NASDAQ">GTIM</a>) is estimated to report earnings for its first quarter.
&bull; Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) is estimated to report quarterly earnings at $1.94 per share on revenue of $958.13 million.
&bull; Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) is expected to report quarterly earnings at $2.73 per share on revenue of $1.41 billion.
&bull; Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $135.47 million.
&bull; DLH Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLHC#NASDAQ">DLHC</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $101.00 million.
&bull; AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) is estimated to report quarterly earnings at $1.34 per share on revenue of $701.24 million.
&bull; Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) is likely to report quarterly earnings at $1.77 per share on revenue of $521.22 million.
&bull; C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) is projected to report quarterly earnings at $0.81 per share on revenue of $4.34 billion.
&bull; 8x8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $183.49 million.
&bull; Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) is estimated to report quarterly earnings at $1.08 per share on revenue of $1.23 billion.
&bull; Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $221.24 million.
&bull; Accuray (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARAY#NASDAQ">ARAY</a>) is projected to report quarterly loss at $0.05 per share on revenue of $106.67 million.
&bull; Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) is likely to report quarterly loss at $0.66 per share on revenue of $206.25 million.
&bull; Kulicke &amp; Soffa Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>) is projected to report quarterly earnings at $0.26 per share on revenue of $172.01 million.
&bull; MaxLinear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NASDAQ">MXL</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $125.11 million.
&bull; Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $6.73 billion.
&bull; Aflac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>) is likely to report quarterly earnings at $1.45 per share on revenue of $4.40 billion.
&bull; Century Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCS#NYSE">CCS</a>) is expected to report quarterly earnings at $2.28 per share on revenue of $896.79 million.
&bull; Digi Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGII#NASDAQ">DGII</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $105.61 million.
&bull; Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is estimated to report quarterly earnings at $2.37 per share on revenue of $9.51 billion.
&bull; BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $645.09 million.
&bull; Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) is projected to report quarterly earnings at $1.66 per share on revenue of $1.00 billion.
&bull; UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $2.67 billion.
&bull; MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) is likely to report quarterly loss at $0.26 per share on revenue of $52.47 million.
&bull; Core Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $127.92 million.
&bull; Meritage Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) is likely to report quarterly earnings at $5.17 per share on revenue of $1.53 billion.
&bull; Corteva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) is projected to report quarterly earnings at $0.06 per share on revenue of $3.62 billion.
&bull; MetLife (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>) is expected to report quarterly earnings at $1.90 per share on revenue of $18.46 billion.
&bull; Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) is expected to report quarterly earnings at $1.62 per share on revenue of $1.24 billion.
&bull; Rayonier (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYN#NYSE">RYN</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $229.75 million.
&bull; MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $292.72 million.
&bull; NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $619.23 million.
&bull; Conmed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNMD#NYSE">CNMD</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $332.20 million.
&bull; Landmark Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LARK#NASDAQ">LARK</a>) is likely to report earnings for its fourth quarter.
&bull; PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $538.63 million.
&bull; Align Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $931.35 million.
&bull; Vista Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) is estimated to report quarterly earnings at $0.81 per share on revenue of $687.67 million.
&bull; Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $990.66 million.
&bull; Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $707.50 million.
&bull; NewMarket (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEU#NYSE">NEU</a>) is likely to report earnings for its fourth quarter.
&bull; Cimpress (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPR#NASDAQ">CMPR</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $892.10 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For January 31, 2024

MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement.
Analysts estimate that MagnaChip Semiconductor will report an earnings per share (EPS) of $-0.26. 
MagnaChip Semiconductor bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.13, which was followed by a 3.09% drop in the share price the next day.
Here's a look at MagnaChip Semiconductor's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.17</td>
<td>-0.23</td>
<td>-0.27</td>
<td>-0.20</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.04</td>
<td>-0.06</td>
<td>-0.24</td>
<td>-0.36</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.09%</td>
<td>0.66%</td>
<td>-0.35%</td>
<td>-5.16%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706641279_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of MagnaChip Semiconductor were trading at $6.69 as of January 29. Over the last 52-week period, shares are down 40.31%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/MX/earnings">To track all earnings releases for MagnaChip Semiconductor visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For MagnaChip Semiconductor

Magnachip Semiconductor: Rolling The Dice On A Speculative Turnaround

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Semiconductor companies and their customers are major contributors to the current market momentum. This means that finding and buying under-the-radar <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> in the semiconductor industry might provide high returns. 



One example of this kind of investing is Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>), which experienced tremendous growth by capitalizing on the AI boom, developing AI-optimized servers, and introducing innovative liquid-cooled data centers. Strategic collaborations, such as building a large-scale AI data center in Asia optimized for Nvidia&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) AI software, have further driven their significant revenue growth and market expansion&#8203;.



With strong market positions, innovative product offerings, and geographic strategic expansions, these three companies are well-positioned to replicate Super Micro Computer&rsquo;s rapid growth. Each company addresses high-growth sectors in the AI, automotive, and areas of advanced semiconductor manufacturing that have paved their way toward success.



Finally, these companies&rsquo; fundamentals&mdash; such as revenue diversification, product innovation, and financial stability &mdash; provide signs to explain their untapped growth potential and expansion stability.



<h2>ACM Research (ACMR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/acmr-stock-1-300x169.jpg" alt="a magnifying glass enlarges the ACM logo on a website"><div>Source: Pavel Kapysh / Shutterstock.com</div></div>ACM Research (NASDAQ:<a href="https://investorplace.com/stock-quotes/acmr-stock-quote/">ACMR</a>) leads in the development and manufacturing of advanced wafer processing technologies for semiconductors and related industries. ACMR had a high revenue increase of 105% annually, reaching&nbsp;<a href="https://ir.acmrcsh.com/static-files/20863116-1ffe-4b4a-922e-5e839feda518" target="_blank">$152.2 million in Q1 2024</a>. This growth was derived primarily from the strong performance of single-wafer cleaning products, Tahoe, and semi-critical cleaning. These collectively grew by&nbsp;<a href="https://ir.acmrcsh.com/static-files/20863116-1ffe-4b4a-922e-5e839feda518" target="_blank">199% to $109.5 million</a>, and this segment now represents 72% of total revenue, reflecting its critical contribution to ACMR&rsquo;s financial standing and growth trajectory.



Moreover, ACMR has strategically expanded its product portfolio, focusing on high-demand areas like single-wafer cleaning technologies. It captured a&nbsp;<a href="https://seekingalpha.com/article/4690814-acm-research-inc-acmr-q1-2024-earnings-call-transcript" target="_blank">considerable portion (25%&ndash;30%)</a>&nbsp;of the total front-end cleaning market. The company attained a gross margin of 52.5%, surpassing its expected range of 40% to 45%. This margin strength reflects an operational edge and a favorable product mix. These elements contribute to uplifted profitability despite market fluctuations. Finally, the operating margin expanded considerably to 26.2% from 14.7% annually. This increase underscores ACMR&rsquo;s effective cost management and operational leverage as they scale their business and capitalize on growing market opportunities.



Overall, ACMR&rsquo;s strong top-line growth and expanding product portfolio make it a high pick among the top under-the-radar growth stocks.



<h2>Himax Technologies (HIMX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/himx-1600-300x169.png" alt="Shipping label of a box from Himax. HIMX stock."><div>Source: Mamat Suryadi / Shutterstock</div></div>Himax Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/himx-stock-quote/">HIMX</a>) provides display imaging processing technologies. Despite a sequential revenue decline of&nbsp;<a href="https://www.himax.com.tw/wp-content/uploads/2024/05/HIMAX-Q1-2024-Earnings-PR-0509-Final.pdf" target="_blank">8.8% in Q1 2024</a>, Himax exceeded its guidance range.&nbsp;This&nbsp;indicates a robust operational edge and possibly conservative forecasting. The company had attained a gross margin of 29.3%, breaching the guidance of around 28.5%, suggesting sharp cost management and a favorable product mix. The automotive segment contributed considerably to revenue, around&nbsp;<a href="https://www.himax.com.tw/wp-content/uploads/2024/05/HIMAX-Q1-2024-Earnings-PR-0509-Final.pdf" target="_blank">46% in Q1 2024</a>, with expectations of growth driven by design-win projects and expanding adoption of technologies like TDDI and local dimming Tcon.&nbsp;Hence, this&nbsp;indicates Himax&rsquo;s lead and strong customer relationships in this booming market.



Additionally, Himax is a leader in fields such as AI sensing solutions (WiseEye), automotive TDDI, and display applications (tablet, laptop, and automobile).&nbsp;This&nbsp;demonstrates Himax&rsquo;s core capacity to expand its product offerings across industries with rapid development. The company&rsquo;s cash&nbsp;position&nbsp;is&nbsp;<a href="https://seekingalpha.com/article/4691319-himax-technologies-inc-himx-q1-2024-earnings-call-transcript" target="_blank">$277.4 million as of Q1</a>&nbsp;2024, indicating a&nbsp;robust financial&nbsp;sheet, an increase from $223.8 million (Q1 2023). This liquidity supports both strategic goals and operational demands. 



Therefore, Himax&nbsp;is one of the top under-the-radar growth stocks because it concentrates on high-growth industries.



<h2>Magnachip Semiconductor (MX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor-stocks-0509-300x169.jpg" alt="a close up image of a semiconductor. 5X Semiconductor Stocks"><div>Source: Shutterstock</div></div>Magnachip Semiconductor (NYSE:<a href="https://investorplace.com/stock-quotes/mx-stock-quote/">MX</a>) designs and manufactures analog and mixed-signal semiconductor products. In Q1 2024, Magnachip had a&nbsp;<a href="https://investors.magnachip.com/news-releases/news-release-details/magnachip-reports-results-first-quarter-2024" target="_blank">top line of $49.1 million</a>.&nbsp;This&nbsp;was within the guidance range and demonstrated sequential growth in their standard product business by 10.6%. This growth indicates improving market conditions and a potential end to inventory corrections in&nbsp;certain&nbsp;verticals. 



2Specifically,&nbsp;in&nbsp;Magnachip&rsquo;s standard product business, Mobile Display Solutions (<a href="https://investorplace.com/stock-quotes/mss-stock-quote/">MSS</a>), revenue was $9.0 million, up 5.2% sequentially. This growth&nbsp;was driven&nbsp;by increased demand for automotive LCD and OLED products. Similarly, Power and Analog Solutions (PAS) revenue was&nbsp;<a href="https://investors.magnachip.com/news-releases/news-release-details/magnachip-reports-results-first-quarter-2024" target="_blank">$36.5 million, up 12% sequentially</a>, driven&nbsp;by demand in industrial e-motor markets, consumer appliances, and server power.&nbsp;



Further, Magnachip&rsquo;s consolidated gross profit margin was 18.3%, within the guided range of 17% to 20%.&nbsp;This&nbsp;is primarily due to lower Gumi fab utilization from the wind-down of Transitional Foundry Services. The MSS gross profit margin improved considerably to&nbsp;<a href="https://finance.yahoo.com/news/magnachip-semiconductor-corporation-nyse-mx-150310810.html" target="_blank">44.6% in Q1 2024</a>.&nbsp;This&nbsp;is led&nbsp;by non-recurring engineering revenue and higher-than-expected revenue from first-generation Display Driver ICs.



To conclude, Magnachip&rsquo;s strategic focus on high-growth sectors and expanded margins point to its potential among under-the-radar growth stocks.



As of this writing, Yiannis Zourmpanos held a long position in ACMR. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-under-the-radar-stocks-ready-to-skyrocket-like-super-micro-computer/">3 Under-the-Radar Stocks Ready to Skyrocket Like Super Micro Computer</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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MagnaChip Executive VP Woungmoo Lee Steps Down, Becomes Consultant

Magnachip Semiconductor Corporation (MX) Q2 2024 Earnings Call Transcript

Magnachip Semiconductor Corporation 2024 Q2 - Results - Earnings Call Presentation

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Q2 Holdings (QTWO – Research Report), Tenable Holdin...

Wall Street Analysts Are Bullish on Top Technology Picks

In a report released today, Martin Yang from Oppenheimer maintained a Hold rating on MagnaChip (MX – Research Report). The company's shares closed ...

Oppenheimer Keeps Their Hold Rating on MagnaChip (MX)

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MagnaChip Poised for Growth: Strong Quarterly Results and Strategic Partnerships Secure Buy Rating

Magnachip Semiconductor launches four new 40V MXT MV MOSFETs

ACMR

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NVDA

QTWO

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TENB

Press Releases

Magnachip to Announce First Quarter 2024 Financial Results on May 2, 2024

Magnachip Boosts Its Extensive Automotive Product Lineup With the Release of a New 40V MXT MV MOSFET

Magnachip Reports Results for First Quarter 2024

Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China

Magnachip Mixed-Signal Unveils Power Management IC and Level Shifter for Display Panels in IT Devices

Magnachip to Announce Second Quarter 2024 Financial Results on July 31, 2024

Magnachip Expands Solar Energy Power Product Lineup with the Release of 1200V IGBT in TO-247PLUS Package

Magnachip Unveils Its First 8th-Generation MXT LV MOSFET Designed with Super-Short Channel FET II

Magnachip Reports Results for Second Quarter 2024

Magnachip Expands Automotive Power Product Lineup with Four New 40V MXT MV MOSFETs

Alpha and Omega Semiconductor Limited - Common Shares

Alpha & Omega

CEVA

Canadian Solar

GCT Semiconductor Holding, Inc. Common Stock

GCT Semiconductor Hldgs

GSI Technology

Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares.

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MagnaChip Semiconductor (MX) Forecast

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