Last $5.71 USD
Change Today -0.06 / -1.04%
Volume 528.7K
MX On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

magnachip semiconduct (MX) Snapshot

Open
$5.75
Previous Close
$5.77
Day High
$5.79
Day Low
$5.63
52 Week High
02/3/15 - $15.72
52 Week Low
02/24/15 - $5.42
Market Cap
194.5M
Average Volume 10 Days
2.9M
EPS TTM
$-4.29
Shares Outstanding
34.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MAGNACHIP SEMICONDUCT (MX)

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magnachip semiconduct (MX) Details

MagnaChip Semiconductor Corporation, together with its subsidiaries, designs and manufactures analog and mixed-signal semiconductor products for consumer, computer, and communication applications. The Display Solutions business line offers source and gate drivers, and timing controllers that cover a range of flat panel displays used in ultra-high definition (UHD), high definition (HD), liquid crystal displays (LCDs), light emitting diodes (LEDs), 3D and organic light emitting diode televisions and displays, notebooks, and mobile communications and entertainment devices. The Power Solutions business line produces power management semiconductor products, including metal oxide semiconductor field effect transistors, power modules, analog switches, LED drivers, DC-DC and AC-DC converters, and linear regulators. This business line offers its products for a range of devices, including LCD, LED, and 3D televisions; smartphones; mobile phones; desktop PCs; notebooks; tablet PCs; and other consumer electronics, as well as for industrial applications, such as power suppliers, LED lighting, and home appliances. The Semiconductor Manufacturing Services business line manufactures various products comprising display drivers, LED drivers, audio encoding and decoding devices, microcontrollers, touch screen controllers, RF switches, park distance control sensors for automotive, electronic tag memories, and power management semiconductors. This business line offers semiconductor manufacturing services to fabless analog and mixed-signal semiconductor companies. MagnaChip Semiconductor Corporation sells its products to consumer, computing, and industrial electronics OEMs; original design manufacturers; electronics manufacturing services companies; and subsystem designers through a direct sales force, as well as through a network of authorized agents and distributors worldwide. MagnaChip Semiconductor Corporation is based in Luxembourg.

3,479 Employees
Last Reported Date: 02/12/15

magnachip semiconduct (MX) Top Compensated Officers

Interim Chief Executive Officer, Executive Vi...
Total Annual Compensation: $352.6K
President and Chief Operating Officer
Total Annual Compensation: $440.3K
Executive Vice President of Worldwide Sales
Total Annual Compensation: $413.3K
Compensation as of Fiscal Year 2013.

magnachip semiconduct (MX) Key Developments

MagnaChip Semiconductor Corporation Restates Financial Statements for the First Three Quarters of 2013 and the Years Ended December 31, 2012 and 2011; Provides Capital Expenditure Guidance for the Year 2015 and 2016; Announces Revenue Results for the Third Quarter Ended September 30, 2014

MagnaChip Semiconductor Corporation restated financial statements for the first three quarters of 2013 and the years ended December 31, 2012 and 2011. The most significant impact of these restatement adjustments was to revenue, which for the 3-month periods ended September 30, June 30 and March 31 in 2013 decreased by $47 million, $21.8 million and $11 million, respectively. These restatement adjustments for the years ended December 31, 2012 and 2011 decreased revenue by $12.3 million, $29.7 million, respectively. These revenue adjustments were mainly related to correcting the timing and amount revenue recognition on the sale of products sold through certain distributors. As a result, restatement adjustments for the 3-month periods ended September 30, June 30 and March 31, 2013, negatively impacted the company's net income by $46.4 million, $29.1 million and $10.2 million, respectively. These restatement adjustments for the years ended December 31, 2012 and 2011 decreased net income by $83.3 million and $33.1 million, respectively. These adjustments were caused by several deficiencies in internal control over financial reporting, some of the more serious deficiencies included the fact that the company did not maintain an effective control environment based on the criteria established in the COSO framework. MagnaChip reported on a GAAP basis revenue of $734.2 million and gross margin of 21.1% for the year ended December 31, 2013, compared to revenue of $807.3 million and gross margin of 30.1% for the year ended December 31, 2012, on a restated basis. Adjusted EBITDA declined to $20 million in 2013 from $124.3 million in 2012. The company reported a 14% increase in revenue year-over-year and a 13% increase sequentially in the three month ended September 30, 2014. The company currently expect to keep its capital expenditure at a lean level of $25 million in 2015. The company expect that capital expenditure will rise in 2016.

MagnaChip Semiconductor Corporation, Nine Months 2014 Earnings Call, Feb 13, 2015

MagnaChip Semiconductor Corporation, Nine Months 2014 Earnings Call, Feb 13, 2015

MagnaChip Launches New Step-Down LED Backlight Drivers

MagnaChip Semiconductor Corporation announced that it has launched two new step-down LED drivers targeting TV LED backlight and LED lighting applications. The new backlight drivers are designated as MAP3511 featuring single channel and MAP3512 featuring dual channels. The MAP3511 and MAP3512 drivers are new designs which replace the existing step-up power circuit method of LED TV backlighting with a step-down circuit. These solutions enable the optimization of TV backlight power circuits by reducing system cost, such as eliminating the need for additional external MOSFETs for dimming control, and increasing system efficiency. The new products have multiple embedded protection circuits preventing functional errors during LED operation. This also enhances TV image quality and performance. In addition, a dimming function adjusts TV brightness and supports both PWM signal and analog dimming control signals, making it usable in a wide range of TV applications from low-end TV backlighting to premium ultra-high-definition (UHD). MAP3511 (Single Channel) Features: 8.5V to 18V Input Voltage Range - Average-Mode Current Control - Programmable Constant Off-Time - Up to 3V Analog Dimming Input - Direct PWM Dimming Input - ±1% CS (Current Sense) Voltage Accuracy - Fault Output (MOSFET Drain-Source Short) - Short Circuit Protection - 8 Lead SOIC Package, Halogen-free. MAP3512 (Dual Channel) Features: 8.5V to 18V Input Voltage Range - Average-Mode Current Control - Programmable Constant Off-time - Up to 3V Analog Dimming Input - Direct PWM Dimming Input - ±1% CS (Current Sense) Voltage Accuracy - Fault Output (MOSFET Drain-Source Short) - Short Circuit Protection and Over-Duty Protection - 16 Lead SOIC Package, Halogen-free.

 

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