MX
MagnaChip Semiconductor Corp
TMT, Event Driven/Special Sit
07/13/2015
Presented
| Date | 07/09/2015 |
| Price | $7.68 |
| Market Cap | $0.26B |
| Ent Value | $0.39B |
| P/E Ratio | N/A |
| Book Value | N/A |
| Div Yield | N/A |
| Shares O/S | 34.06M |
| Ave Daily Vol | 420,000 |
| Short Int | 4.53% |
Current
| Price | $4.73 |
| Market Cap | $0.18B |
| MagnaChip Semiconductor Corporation, together with its subsidiaries, designs and manufactures analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive, and Internet of things applications worldwide. It offers display solution products, such as source and gate drivers, and timing controllers that cover a range of flat panel displays used in ultra-high definition, high definition, full high definition, light emitting diode (LED), 3D, and organic light emitting diode televisions and displays, notebooks, and mobile communications and entertainment devices. The company also provides mobile display solutions and sensor IC solutions; and power management solutions, such as metal oxide semiconductor field effect transistors, insulated gate bipolar mode transistors, power modules, AC-DC and DC-DC converters, LED drivers, switching regulators, and linear regulators. Its power management solutions are used in various devices, such as liquid crystal display, LED, and 3D televisions; smartphones and mobile phones; desktop PCs, notebooks, and tablet PCs; and other consumer electronics and appliances, as well as for industrial applications, including power suppliers, LED lighting, and motor control. In addition, the company offers semiconductor manufacturing services to manufacture various products, including 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 for fabless analog and mixed-signal semiconductor companies and integrated device manufacturers. It sells its products through direct sales force, as well as through a network of agents and distributors to consumer, computing, and industrial electronics OEMs; original design manufacturers; electronics manufacturing services companies; and subsystem designers. The company is based in Luxembourg. |
Publicly traded companies mentioned herein: Dongbu HiTek Co Ltd (000990 KS), LG Corp (003550 KS), MagnaChip Semiconductor Corporation (MX), Samsung Electronics Co Ltd (005930 KS), Semiconductor Manufacturing International Corp (SMI, 981 HK), SK Hynix Inc (000660 KS), Texas Instruments Inc (TXN)
Highlights
The presenter is long shares of MagnaChip (MX) on the belief that there is an asymmetric risk/reward situation. He outlines the situation as 75% M&A driven and 25% fundamental driven, and thinks MX could appreciate 100% in the coming months with further potential in the short term up to the $25 - $30 range. MX's stock price has remained depressed, which provides an attractive buying opportunity as well as downside protection.
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