MX stock forecast, quote, news & analysis
MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communications, Internet of Things applications, consumer, industrial and automotive applications... Show more
Why Magnachip Semiconductor (MX) Stock Is Down -25% in the Last 30 Days
Key Takeaways
- MX shares fell roughly 25% over the trailing 30 days, declining from about $3.16 on October 8 to $2.36 at the November 6 close.
- Third-quarter 2026 results, reported November 4, missed expectations, with non-GAAP EPS of -$0.29 versus a -$0.20 consensus and revenue of $44.0 million versus roughly $47.5 million expected.
- Gross margin dropped to 14.0%, below the company's 17%–19% guidance range, pressured by the Korean won's sharpest quarterly appreciation against the U.S. dollar since late 1998.
- Fourth-quarter guidance signals continued pressure, calling for revenue of $41–45 million and gross margin of 10%–12% amid a planned Gumi fab substation shutdown.
- Over the trailing quarter, MX has declined roughly 40%, extending a longer slide from its 52-week high and leaving shares near their 52-week low.
- Management is pursuing a product-transformation strategy under new CEO Chae Lee and a silicon-carbide partnership with Navitas Semiconductor (NVTS).
- For deeper detail on MX, explore its Price Targets, Earnings, and Forecast pages.
- Explore Trending AI Robots to see how automated trading strategies are approaching opportunities like MX.
Magnachip Semiconductor (MX) Company Overview and Market Position
Magnachip Semiconductor Corporation (NYSE: MX) is a South Korea-based designer and manufacturer of analog and mixed-signal semiconductor platform solutions. With roughly 45 years of operating history, the company operates through two reportable segments: Power Analog Solutions (PAS) and Power IC (PIC). Its product portfolio spans power discrete devices such as MOSFETs and IGBTs, as well as power integrated circuits including AC-DC and DC-DC converters, LED drivers, regulators, power management ICs (PMICs), and level shifters.
Magnachip serves industrial, automotive, communication, consumer, and computing applications, and maintains manufacturing operations at fabs in Cheongju and Gumi, South Korea. Investors follow the stock for its exposure to power-management demand tied to AI servers, data centers, electric vehicles, and industrial electrification, as well as for its ongoing transformation from a second-source supplier toward differentiated, higher-value products.
Magnachip Semiconductor (MX) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, MX has fallen approximately 25%, sliding from a closing price of about $3.16 on October 8 to $2.36 at the November 6 close. The decline was steady through most of October before accelerating in early November, when shares touched an intraday low of $1.92 on November 5 following the company's third-quarter earnings report.
The quarterly picture is steeper. From a closing level near $3.98 in early August, the stock has lost roughly 40% over the trailing three months. This prolonged downtrend has taken MX from the mid-$3 range to near its 52-week low, reflecting sustained margin compression, softer consumer demand, and execution headwinds rather than a single isolated event.
What Drove MX Stock Price in the Last 30 Days
The dominant catalyst was the third-quarter 2026 earnings report released on November 4. Revenue of $44.0 million came in within management's guidance but below analyst consensus of roughly $47.5 million and was down 4.3% year over year and 1.6% sequentially. Adjusted EPS of -$0.29 also fell short of the -$0.20 consensus.
The most damaging element was gross margin, which fell to 14.0% versus 19.3% in the prior quarter and below the company's 17%–19% guidance. Management attributed the shortfall primarily to a sharper-than-expected appreciation of the Korean won against the U.S. dollar, noting the currency posted its largest quarterly gain since the fourth quarter of 1998. Because a substantial portion of Magnachip's costs are denominated in won while much of its revenue is in dollars, the move compressed profitability. Lower customer volumes in certain consumer applications and temporary packaging constraints also weighed on revenue.
Forward guidance added further pressure. For the fourth quarter, the company guided revenue to $41–45 million and gross margin to just 10%–12%, citing seasonal softness, a planned substation-related shutdown at the Gumi fab, and continued won strength. The combination of an earnings miss and a cautious outlook drove the sharp sell-off in early November.
What Drove MX Stock Performance Over the Last Quarter
The broader three-month decline reflects a combination of structural and cyclical pressures. Revenue has now slipped for three consecutive quarters, and gross margin has fallen well below historical levels as foreign-exchange headwinds and pricing pressure in consumer applications persist. The company's transition under CEO Chae Lee, who took over on July 1, 2026, has not yet translated into improved financial results.
At the same time, management has accelerated its product pipeline, announcing 57 new-generation products year to date with a target of roughly 85 by year-end. The strategic partnership with Navitas Semiconductor, which included a $5 million equity investment announced in September, aims to combine Navitas' silicon-carbide technology with Magnachip's silicon expertise for next-generation power solutions. Analyst sentiment has remained cautiously constructive, with Benchmark initiating an Overweight rating in mid-October and a broader consensus leaning toward Buy. However, near-term earnings deterioration has outweighed the longer-term transformation narrative in the market's pricing of the stock.
Trending AI Robots
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MX Stock Forecast Drivers: What Investors Should Watch Next
Looking ahead, the key variables for MX are foreign-exchange movements, particularly the Korean won's trajectory against the U.S. dollar, and the company's ability to restore gross margin after the fourth-quarter trough. The completion of the Gumi fab substation upgrade and the normalization of fab utilization will be closely watched, as will any progress in alleviating packaging constraints. Investors should also monitor the pace of new-product ramps, the evolution of the Navitas partnership, and management's commentary on selective price increases. Broader semiconductor demand trends across AI servers, industrial, and automotive end markets, along with any further analyst rating or estimate changes, will likely shape sentiment in the quarters ahead.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
MX's RSI Oscillator recovers from oversold territory
The RSI Indicator for MX moved out of oversold territory on November 06, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 41 similar instances when the indicator left oversold territory. In 34 of the 41 cases the stock moved higher. This puts the odds of a move higher at 83%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 09, 2026. You may want to consider a long position or call options on MX as a result. In 52 of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 63%.
The Moving Average Convergence Divergence (MACD) for MX just turned positive on November 09, 2026. Looking at past instances where MX's MACD turned positive, the stock continued to rise in 38 of 50 cases over the following month. The odds of a continued upward trend are 76%.
Following a +7.20% 3-day Advance, the price is estimated to grow further. Considering data from situations where MX advanced for three days, in 155 of 235 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.
MX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
MX moved below its 50-day moving average on October 07, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for MX crossed bearishly below the 50-day moving average on October 14, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.
The Aroon Indicator for MX entered a downward trend on November 10, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 15 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 44 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.380) is normal, around the industry mean (5.443). P/E Ratio (-2.776) is within average values for comparable stocks, (15.640). Projected Growth (PEG Ratio) (1.127) is also within normal values, averaging (3.803). Dividend Yield (0.000) settles around the average of (0.014) among similar stocks. P/S Ratio (0.567) is also within normal values, averaging (46.468).
The Tickeron Price Growth Rating for this company is 65 (best 1 - 100 worst), indicating fairly steady price growth. MX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 94 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.
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General Information
a developer of mixed signal & digital multimedia semiconductors
Industry Semiconductors