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Stock Market & Financial Investment News

News Breaks
April 4, 2014
16:02 EDTMXMagnaChip announces notice of noncompliance with NYSE
MagnaChip Semiconductor announced that, as expected, on April 2, the company received a letter from the NYSE indicating that the company is not in compliance with the NYSE's continued listing requirements as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31. The NYSE has informed the company that, under the NYSE rules, the company will have until October 1 to file its 2013 Annual Report on Form 10-K with the SEC.
News For MX From The Last 14 Days
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May 29, 2015
10:09 EDTMXHigh option volume stocks
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10:00 EDTMXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Associated British Foods (ASBFY) upgraded to Buy from Sell at Goldman... Avago (AVGO) upgraded to Buy from Hold at Jefferies... China Telecom (CHA) upgraded to Buy from Hold at Jefferies... Copart (CPRT) upgraded after headwinds disclosed at SunTrust... Kinross Gold (KGC) upgraded to Buy from Neutral at UBS... MagnaChip (MX) upgraded to Buy from Hold at Topeka... Newcrest Mining (NCMGY) upgraded to Buy from Neutral at Goldman... Noranda Aluminum (NOR) upgraded to Neutral from Sell at UBS.
09:19 EDTMXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Magnachip (MX), up 5.8% after reporting quarterly results and CEO transition... GameStop (GME), up 6.4%... Infoblox (BLOX), up 1.6%... Ulta Salon (ULTA), up 1.1%. ALSO HIGHER: Transgenomic (TBIO), up 44.2% after launching Multiplexed Ice Cold-PCR CLIA service... Heron Therapeutics (HRTX), up 37.7% following positive results from Sustol study... Altera (ALTR), up 5% following a NY Post report that Intel (INTC) is close to buying Altera for up to $54.00 per share... Intel is up marginally. DOWN AFTER EARNINGS: Frontline (FRO), down 4.9%. ALSO LOWER: Cyberark (CYBR), down 3.2% after filing to sell $50M in common stock and $200M for stockholders.
07:06 EDTMXMagnaChip upgraded to Buy from Hold at Topeka
May 28, 2015
16:22 EDTMXMagnaChip appoints YJ Kim as CEO, Jonathan Kim as CFO
MagnaChip announced the appointment of YJ Kim as CEO, and Jonathan Kim as EVP and CFO. Both held the same posts on an interim basis for the past year. In addition, the company named Theodore Kim as EVP and Chief Compliance Officer, a newly created position, reporting directly to the board. He continues to serve as General Counsel.
16:20 EDTMXMagnaChip sees Q2 revenue $155M-$165M, consensus $170.60M
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16:19 EDTMXMagnaChip reports Q1 adjusted EPS (28c), two estimates (38c)
Reports Q1 revenue $164.89M, two estimates $179.55M. "We continue to face major challenges as a result of strategic missteps in the past, so we have implemented a comprehensive cost and portfolio optimization program to position MagnaChip for growth over the long-term while we also work to improve fab utilization and boost engineering efficiencies," said CEO YJ Kim.

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