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MagnaChip Semiconductor (MX) designs and manufactures analog and mixed-signal semiconductor products for high-volume consumer applications. This Korean company operates in three segments: Display Solutions, Power Solutions, and Semiconductor Manufacturing Services.
The Display Solutions segment offers source and gate drivers, and timing controllers that cover a range of flat panel displays used in 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 segment develop, manufactures, and markets power management solutions, including metal oxide semiconductor field effect transistors, power modules, analog switches, LED drivers, DC-DC converters, voice coil motor drivers, and linear regulators. This segment offers its products for a range of devices, including LCD, LED, 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 segment manufactures various products comprising display drivers, LED drivers, audio encoding and decoding devices, microcontrollers, touch screen controllers, RF switches, park distance control sensors for automotives, electronic tag memories, and power management semiconductors. This segment offers semiconductor manufacturing services to fabless analog and mixed-signal semiconductor companies.
Shares are in the process of breaking out of a bullish "flag" formation. Higher share prices are expected for this stock.
52-Week Trading Range: $8.38 - $19.07
Entry Point: $18.55
Stop Loss: $17.62
Target Price: $20.41
MX fell throug our stop loss. Position was closed at $17.50
