MagnaChip (MX) Misses Q4 EPS by 2c

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Magnachip (MX) 'Looks Oversold' - Needham & Company

February 10, 2017 12:12 PM EST

Needham & Company analyst Rajvindra Gill reiterated a Buy rating and $10 price target on Magnachip Semiconductor (NYSE: MX) saying the stock looks oversold amid today's 12.8% sell-off following results and highlights the AMOLED ramp in the 2nd-half.

Gill commented, "MX reported solid results/guidance as... More