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MagnaChip Semiconductor Corp (MX.N)

MX.N on New York Stock Exchange

10.65USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

MagnaChip reports third quarter 2017 financial results
Wednesday, 1 Nov 2017 04:15pm EDT 

Nov 1 (Reuters) - MagnaChip Semiconductor Corp :MagnaChip reports third quarter 2017 financial results.Q3 adjusted non-GAAP earnings per share $0.28.Q3 revenue fell 8.1 percent to $176.7 million.  Full Article

Oaktree Value ‍reports 6.9 pct passive stake in Magnachip Semiconductor
Thursday, 24 Aug 2017 04:40pm EDT 

Aug 24 (Reuters) - Oaktree Value Opportunities Fund Holdings L.P.::Oaktree Value Opportunities Fund Holdings L.P. ‍reports 6.9 percent passive stake in Magnachip Semiconductor Corp as on August 15, 2017​ - SEC filing‍​.  Full Article

MagnaChip prices offereing of 4.1 mln shares of common stock at $11.10 per share
Wednesday, 9 Aug 2017 09:30pm EDT 

Aug 9 (Reuters) - MagnaChip Semiconductor Corp -:MagnaChip discloses pricing of secondary offering by selling stockholders of 4,088,978 shares of common stock.Priced public offering of 4.1 million shares of MagnaChip's common stock at a price per share to public of $11.10.  Full Article

Magnachip discloses commencement of secondary offering by selling stockholders of 4,088,978 shares of common stock
Wednesday, 9 Aug 2017 04:09pm EDT 

Aug 9 (Reuters) - Magnachip Semiconductor Corp :Magnachip discloses commencement of secondary offering by selling stockholders of 4,088,978 shares of common stock.Magnachip Semiconductor Corp - ‍Magnachip will not receive any proceeds from sale of its common stock by selling stockholders​.  Full Article

Magnachip Semiconductor reports temporary power outage at a facility
Wednesday, 9 Aug 2017 06:29am EDT 

Aug 9 (Reuters) - Magnachip Semiconductor Corp ::Magnachip Semiconductor says on Aug 6, ‍fabrication facility in Cheongju, South Korea experienced a temporary power outage for about 6 minutes-SEC filing.Magnachip Semiconductor - ‍power outage was due to accident involving crane operated by city contractor that impacted high voltage lines near co's facilities​.Magnachip Semiconductor - ‍accident caused certain damage to work in process wafers and fab equipment with an estimated total cost of up to $1.5 million​.Magnachip Semiconductor - related impact of outage to revenue is estimated to be up to $3 million, substantially all of which is expected in current Q3​.Magnachip Semiconductor-‍fabrication facility was restarted after implementing standard back-up generators on high voltage lines, is fully operational.  Full Article

Magnachip Q2 adjusted earnings per share $0.21
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - Magnachip Semiconductor Corp ::Magnachip reports second quarter 2017 financial results.Q2 adjusted non-gaap earnings per share $0.21.Sees q3 2017 revenue $172 million to $178 million.Q2 revenue $166.7 million.Q2 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.Magnachip Semiconductor Corp - for q3 of 2017, magnachip anticipates gross profit margin to be in range of 27 pct to 29 pct.Q3 revenue view $180.6 million -- Thomson Reuters I/B/E/S.  Full Article

Magnachip Q1 gaap earnings per share $1.05
Wednesday, 3 May 2017 04:15pm EDT 

May 3 (Reuters) - Magnachip Semiconductor Corp ::Magnachip reports first quarter 2017 financial results.Q1 gaap earnings per share $1.05.Q1 revenue rose 9.2 percent to $161.7 million.Sees Q2 2017 revenue $162 million to $168 million.Magnachip Semiconductor Corp - believes it remains on track to complete planned workforce reduction within its cash cost range of $29-33 million.Magnachip Semiconductor Corp - "continue to anticipate that our gross profit margin and adjusted EBITDA will show improvement in 2017".Magnachip Semiconductor Corp sees Q2 gross profit is anticipated to be in range of 25% to 27%.  Full Article

Magnachip Semiconductor says board approved implementation of a new headcount reduction plan
Thursday, 23 Feb 2017 04:56pm EST 

Magnachip Semiconductor Corp : Magnachip Semiconductor - board of directors of Magnachip Semiconductor Corporation approved implementation of a new headcount reduction plan . Magnachip - plan is expected to result in estimated annual cost savings of $20 million to $27 million, depending upon final size of workforce reduction . Expects to record a charge related to other termination benefits payable under plan during q1 of 2017 .Magnachip - total estimated cost of headcount reduction plan is approximately $27 to $37 million.  Full Article

Magnachip prices upsized 5 pct exchangeable senior notes offering
Wednesday, 11 Jan 2017 08:45am EST 

Magnachip Semiconductor Corp : Magnachip prices upsized 5 pct exchangeable senior notes offering . Has priced an upsized offering of $75 million aggregate principal amount of exchangeable senior notes due 2021 . To use proceeds from offering of notes for anticipated cost reduction program to be implemented during first half of 2017 .To use net proceeds from offering of notes to also repurchase common stock as part of stock repurchase program.  Full Article

Magnachip Semiconductor sees Q4 revenue about $180 mln
Tuesday, 10 Jan 2017 04:15pm EST 

Magnachip Semiconductor Corp - : Magnachip Semiconductor pre-announces preliminary fourth quarter 2016 financial results . Sees Q4 revenue about $180 million .Gross profit margin is expected to be approximately 25% for q4.  Full Article

BRIEF-MagnaChip reports third quarter 2017 financial results

* Q3 revenue fell 8.1 percent to $176.7 million Source text for Eikon: Further company coverage: