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Magnachip Semiconductor Corporation (MX)

NYSE - Nasdaq Real Time Price. Currency in USD
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22.84+0.07 (+0.33%)
As of 1:54PM EDT. Market open.
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  • A
    Anonymous
    An article from a Korean publication from May 12 was circulating among traders that claimed that Korea's Ministry of Trade, Industry and Energy is designating OLED driving chip-related technology as a "national core technology."
  • S
    Stephen
    I don't get it: The stockholders own the company and all of it's IP, they paid for it by owning stock. If the owners want to sell the company and a majority vote to do so, is it smart for the Korean government to intervene? Maybe investors will be less interested in investing in Korean companies which supposedly in a free world market! They may do a lot more damage to their own markets than if they let the sale go through. As a previous Analog IC Designer, I cannot imagine a government protecting a particular OLED driver design(s) that the Company and it's investors own!
  • M
    Macman
    Anyone else thinking of putting all their tech money into this as to get the emebeded 20% upside to make up for their losses this year?
  • B
    Billy
    Its clear the deal is broken at this point and the market is digesting the situation but it would have more to do with the acquirer not being able to get financing or unable to acquire. MX is a takeout candidate for sure and attractive to many. This is a nice opportunity. Just bought a bundle near the low today. Good luck longs.
  • M
    Mike
    Who knows what?
  • S
    Stoked
    If this deal does not happen, what do you think the long term impact will be? I am planning on continuing to hold if it falls thru.
  • b
    by_sale99
    At least they get $100M?
    Bullish
  • S
    Stephen
    2,7000,000 shares so far today. Large shareholders are not waiting for a sale.
  • S
    Stephen
    Shorts must be clamoring to buy back their shorted shares given the earnings report and $29 offering price.
  • A
    Anonymous
    one consideration is that the semi sector is in the dump as a whole, and MX's peer HIMX reported great numbers, but drop from $14 to below $11 in a matter of days. So there is still premiums in MX that may disappear if the deal fell through. Just a thought.
  • B
    Bill
    SK wants to dominate the semiconductor market and is going to spend 450 billion dollars over the next 10 years. They will give tax incentives and make sure they have the water supply they need. I don't think the deal will go thur but we should be better off in a long run.
  • d
    dec
    This set up is ok.. if deal goes ahead a nice premium.. if it doesn't a big break up fee AND SK investment in semis
    Bullish
  • B
    Ben From the North
    Is the company gonna get sold by September as planned??
  • C
    Cal
    @Stephen. Good numbers from HIMAX, Synaptics and Universal Display in the last 2 days. Bodes well for MX on Monday...like I said reporting on a Monday morning before the open. That's a first for these guys, expect good things, hopefully a solid confirmation on the sale. Picked up shares below 24 here yesterday.

    If you have some time, do some research on HIMAX. They just got an upgrade from Credit Suisse to $23.00. Great numbers and growth prospects. EPS upgrades from $1.40 2021 to $1.95. I've done well trading it also, as it's trades with 20% swings for the last few months, which I know you would enjoy.

    Good luck on Monday!
  • M
    Marcos
    LOL is the deal going to happen at all?
  • c
    craig
    Seems to be down for some reason. Shocking that a 1.4B deal has the attention of regulators. Either way - if you read the filing on the merger - you will see there were many other buyers at prices above the where we trade now. Added a little today
  • s
    selmerstyle
    this is odd. fairly decent volume on this continued drift downwards. as i see it either the deal goes through (pretty big premium to current price) or it doesn’t, and with current business tailwinds this price feels fair if not undervalued. so...

    WHAT DON’T WE KNOW?

    thoughts?
  • S
    Stephen
    Bouncy bouncy, Crazy stock price changes today.
  • F
    Ferdi
    Looks like the merger/acquisition will be completed before Q2.
  • b
    by_sale99
    Merger or not, decent price to buy now regardless