Magnachip Semiconductor (MX) PT Raised to $30 at Roth Capital

February 18, 2021 7:13 AM EST
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Price: $17.97 +0.39%

Rating Summary:
    6 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 18 | New: 32
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Roth Capital analyst Suji Desilva raised the price target on Magnachip Semiconductor (NYSE: MX) to $30.00 (from $20.00) while maintaining a Buy rating.

The analyst comments "We believe MX represents an investment opportunity as a differentiated display driver and power semiconductor vendor benefitting from improving design win momentum. Revenue upside in the quarter and guidance reflects solid display OLED and power demand despite semiconductor industry supply constraints. We believe MX’s significant EPS upside demonstrates the leverage inherent in the company’s new fabless business model."

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