|Bid||17.05 x 800|
|Ask||17.97 x 800|
|Day's Range||17.50 - 17.85|
|52 Week Range||12.75 - 26.98|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||2.63|
|Earnings Date||Oct 27, 2021 - Nov 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.50|
The U.S. Treasury Department said the acquisition of Magnachip Semiconductor Corp by a Chinese private equity firm posed "risks to national security", in another hurdle for Chinese companies trying to invest abroad in critical tech industries. In March, Chinese private equity firm Wise Road Capital agreed to acquire system chip manufacturer Magnachip in a deal valued at $1.4 billion. Since then, regulatory authorities in countries including the United States and South Korea have been reviewing the deal.
Magnachip (MX) delivered earnings and revenue surprises of -28.57% and -13.14%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Magnachip Semiconductor Corporation (NYSE: MX) ("Magnachip" or the "Company") today announced financial results for the second quarter 2021.