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Magnachip Semiconductor Corporation (MX) Report Analysis

Corporate Events

Positive

Magnachip Semiconductor Corporation Unveils a N...

2022-06-17 10:55:00

Magnachip Semiconductor Corporation ('Magnachip') announced that the company has unveiled a new 650V insulated-gate bipolar transistor (IGBT) ...

Neutral

Magnachip Semiconductor Corporation Provides Ea...

2022-05-03 20:05:00

Magnachip Semiconductor Corporation provided earnings guidance for the second quarter of 2022. For the quarter, the company expected Revenue t...

Positive

Magnachip Semiconductor Corporation Introduces ...

2022-04-28 10:55:00

Magnachip Semiconductor Corporation announced that the company has released a new 40V Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFE...

Positive

LX Group Reportedly to Make Bid to Acquire Magnachip

2022-04-26 12:39:00

LX Holdings Corp. (KOSE:A383800) is looking to acquire Magnachip Semiconductor Corporation (NYSE:MX) and will make its interest official by su...

Neutral

Magnachip Semiconductor Corporation, Q1 2022 Ea...

2022-04-07 20:05:00

Magnachip Semiconductor Corporation, Q1 2022 Earnings Call, May 03, 2022

Neutral

Magnachip Semiconductor Corporation to Report Q...

2022-04-07 20:05:00

Magnachip Semiconductor Corporation announced that they will report Q1, 2022 results After-Market on May 03, 2022

Neutral

Magnachip Semiconductor Corporation - Sharehold...

2022-03-21 20:16:00

Annual Meeting of Stockholders

Neutral

Tranche Update on Magnachip Semiconductor Corpo...

2022-02-23 16:34:00

From December 21, 2021 to December 31, 2021, the company has repurchased 994,695 shares, representing 2.14% for $20.07 million. With this, the...

Neutral

Magnachip Semiconductor Corporation, Annual Gen...

2022-01-31 21:31:00

Magnachip Semiconductor Corporation, Annual General Meeting, Apr 21, 2022, at 20:00 Eastern Daylight. Agenda: To elect the six director nomine...

Negative

Magnachip Semiconductor Corporation Announces E...

2022-01-03 21:05:00

Magnachip Semiconductor Corporation announced that Ms. Shinyoung Park has been promoted to Chief Financial Officer, effective as of January 1,...

Positive

Magnachip Semiconductor Corporation (NYSE:MX) a...

2021-12-21 17:21:00

Magnachip Semiconductor Corporation (NYSE:MX) announces a share repurchase program. Under the program, the company will repurchase up to $75 m...

Positive

Magnachip Semiconductor Corporation authorizes ...

2021-12-21 00:00:00

The Board of Directors of Magnachip Semiconductor Corporation has authorized a buyback plan on December 21, 2021.

Negative

Wise Road Capital Ltd. cancelled the acquisitio...

2021-12-20 00:00:00

Wise Road Capital Ltd. entered into a definitive agreement to acquire MagnaChip Semiconductor Corporation (NYSE:MX) for $1.4 billion on March ...

Positive

Magnachip Semiconductor Corporation Unveils a New 650V IGBT for Solar Inverters

2022-06-17 10:55:00

Magnachip Semiconductor Corporation ('Magnachip') announced that the company has unveiled a new 650V insulated-gate bipolar transistor (IGBT) for solar inverters. As environmental impacts from climate change are becoming more severe, the use of renewable energy like solar power continues to expand globally to reduce carbon emissions. Omdia, a global market research firm, estimates that the global market for IGBTs in the renewable energy sector will grow 15% annually from 2022 to 2025. In March 2022, Magnachip developed a new 650V IGBT built with advanced "field stop trench technology" for fast switching speed and high breakdown voltages and the company will begin mass production of it this month. The current density of this new 650V IGBT was improved by 30% compared to the prior generation by adopting the latest technology. This IGBT is also designed to provide a minimum short-circuit withstand time of 5µs and it is optimized for parallel switching because of its positive temperature coefficient. The parallel switching of this IGBT will increase the load current and thus the maximum output power. In addition, the 650V IGBT features anti-parallel diodes for fast switching and low switching loss, while guaranteeing a maximum operating junction temperature of 175°C. Based on standards issued by the Joint Electron Device Engineering Council (JEDEC), this new IGBT can be widely used for applications requiring strict power level and high efficiency, such as solar boost inverters and converters, uninterruptible power supplies and universal power inverters.

Neutral

Magnachip Semiconductor Corporation Provides Earnings Guidance for the Second Quarter of 2022

2022-05-03 20:05:00

Magnachip Semiconductor Corporation provided earnings guidance for the second quarter of 2022. For the quarter, the company expected Revenue to be in the range of $100 million to $105 million, including about $9.5 million of Transitional Fab 3 Foundry Services and Gross profit margin to be in the range of 33% to 35%.

Positive

Magnachip Semiconductor Corporation Introduces a New 40V MOSFET to Control BLDC Motors for Automotive Applications

2022-04-28 10:55:00

Magnachip Semiconductor Corporation announced that the company has released a new 40V Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) to control Brushless Direct Current (BLDC) motors for automotive applications. Given concerns about global climate change and corresponding efforts to reduce carbon emissions, the Electric Vehicle (EV) market is projected to grow significantly. Omdia, a global market research firm, estimates that the global EV market is expected to grow 27% annually between 2022 and 2025. As such, demand for high-efficiency and durable BLDC motors for EVs will increase and Medium Voltage (MV) MOSFETs are essential for BLDC motors to operate efficiently. Magnachip has developed a new 40V MOSFET featuring low RDS(on) to reduce the conduction loss of automotive BLDC motors and the company began mass production of this new MOSFET in April 2022. As reliable automotive semiconductors are critical to vehicle safety, the new 40V MOSFET is fully AEC-Q101 (Automotive Electronics Council-Q101) certified. The first application of this new product is for the Electric Water Pump of a new EV model from a global auto manufacturer. This MOSFET is also suitable for a variety of BLDC applications, such as electric oil pumps, engine cooling fans, electric power steering and battery cooling fans. Magnachip continues to expand its market share in the automotive semiconductor sector with new products and advanced technology. Further, Magnachip is becoming a stable supplier of power semiconductor products as an integrated device manufacturer amid global supply chain disruptions affecting the automotive semiconductor industry, which is forecast to last through 2023.

Positive

LX Group Reportedly to Make Bid to Acquire Magnachip

2022-04-26 12:39:00

LX Holdings Corp. (KOSE:A383800) is looking to acquire Magnachip Semiconductor Corporation (NYSE:MX) and will make its interest official by submitting a letter of intent as early as next week, according to Korea Economic Daily's Jun-ho Cha, citing sources.

Neutral

Magnachip Semiconductor Corporation, Q1 2022 Earnings Call, May 03, 2022

2022-04-07 20:05:00

Magnachip Semiconductor Corporation, Q1 2022 Earnings Call, May 03, 2022

Neutral

Magnachip Semiconductor Corporation to Report Q1, 2022 Results on May 03, 2022

2022-04-07 20:05:00

Magnachip Semiconductor Corporation announced that they will report Q1, 2022 results After-Market on May 03, 2022

Neutral

Magnachip Semiconductor Corporation - Shareholder/Analyst Call

2022-03-21 20:16:00

Annual Meeting of Stockholders

Neutral

Tranche Update on Magnachip Semiconductor Corporation (NYSE:MX)'s Equity Buyback Plan announced on December 21, 2021.

2022-02-23 16:34:00

From December 21, 2021 to December 31, 2021, the company has repurchased 994,695 shares, representing 2.14% for $20.07 million. With this, the company has completed the repurchase of 994,695 shares, representing 2.14% for $20.07 million under the buyback announced on December 21, 2021.

Neutral

Magnachip Semiconductor Corporation, Annual General Meeting, Apr 21, 2022

2022-01-31 21:31:00

Magnachip Semiconductor Corporation, Annual General Meeting, Apr 21, 2022, at 20:00 Eastern Daylight. Agenda: To elect the six director nominees named in the proxy statement to our Board of Directors; to conduct an advisory (non-binding) vote on the compensation of our named executive officers as described in the proxy statement; to ratify the appointment of Samil PricewaterhouseCoopers as our independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact such other business as may properly come before the meeting.

Negative

Magnachip Semiconductor Corporation Announces Executive Changes

2022-01-03 21:05:00

Magnachip Semiconductor Corporation announced that Ms. Shinyoung Park has been promoted to Chief Financial Officer, effective as of January 1, 2022. Ms. Park succeeds Dr. Young Soo Woo, who stepped down from the position effective as of the end of December 31, 2021. Ms. Park joined Magnachip in 2014 and served as Chief Accounting Officer from March 2020 to December 2021. She previously served as Corporate Controller from November 2018 to February 2020. Prior to joining Magnachip, Ms. Park held various senior advisory and audit service positions for 10 years with Deloitte in three different locations—Chicago, Illinois, Seoul, South Korea, and London, U.K.

Positive

Magnachip Semiconductor Corporation (NYSE:MX) announces an Equity Buyback for $75 million worth of its shares.

2021-12-21 17:21:00

Magnachip Semiconductor Corporation (NYSE:MX) announces a share repurchase program. Under the program, the company will repurchase up to $75 million worth of its common stock.

Positive

Magnachip Semiconductor Corporation authorizes a Buyback Plan.

2021-12-21 00:00:00

The Board of Directors of Magnachip Semiconductor Corporation has authorized a buyback plan on December 21, 2021.

Negative

Wise Road Capital Ltd. cancelled the acquisition of MagnaChip Semiconductor Corporation (NYSE:MX).

2021-12-20 00:00:00

Wise Road Capital Ltd. entered into a definitive agreement to acquire MagnaChip Semiconductor Corporation (NYSE:MX) for $1.4 billion on March 25, 2021. Under the terms of the agreement, Magnachip shareholders will receive $29 in cash for each share of Magnachip’s common stock they currently hold. This all-cash transaction has an equity value of approximately $1.4 billion. The transaction is fully backed by equity commitments and not contingent on any financing conditions. The agreement provides for a termination fee of $42.1 million to be paid by MagnaChip to Wise Road and a termination fee of $105.3 million, subject to reduction to be paid by Wise Road to MagnaChip as per the scenarios listed in the merger agreement. Following the closing of the transaction, Magnachip’s management team and employees are expected to continue in their roles, and Magnachip will remain based in Cheongju, Seoul and Gumi, South Korea. The transaction is subject to customary closing conditions, including the receipt of MagnaChip shareholder approval, Chinese antitrust clearance and regulatory approvals. On May 26, 2021, U.S. Department of Treasury requested to file a notice concerning the merger and thereby undergo formal Foreign Investment in the United States review of the merger and the transaction is now subject to approval from Foreign Investment in the United States. The Board of Directors of Magnachip has unanimously approved the agreement and recommends that Magnachip shareholders vote in favor of the transaction. Magnachip's special meeting of stockholders is scheduled to take place on June 15, 2021. As of June 11, 2021, Magnachip's special meeting of stockholders is adjourned to June 17, 2021. On June 14, 2021, Magnachip received an "Order Establishing Interim Mitigation Measures” from the U.S. Department of Treasury on behalf of CFIUS and the Interim Order imposes that neither of Magnachip or South Dearborn shall take any action, directly or indirectly, to close, consummate, complete, or effectuate the purpose of the Merger. The special meeting of stockholders scheduled on June 17, 2021 is expected to be postponed. On June 30, 2021, based on an application filed by the Company and Parent on May 7, 2021, the State Administration for Market Regulation (“SAMR”) announced that the merger was cleared pursuant to the Anti-monopoly Law (China) on June 21, 2021. Under the terms of the merger agreement, the parties’ receipt of the clearance from SAMR satisfies one of the conditions to the closing of the merger. The closing of the merger remains subject to certain other conditions, including the receipt of authorization from the U.S. Committee on Foreign Investment in the United States (“CFIUS”) and the Korean Ministry of Trade, Industry and Energy, in each case without the imposition of a burdensome condition as defined in the merger agreement. On August 23, 2021, parties agreed to make certain technical amendments to the agreement. On August 27, 2021, the Department of Treasury on behalf of CFIUS has sent a letter to the parties indicating that (i) CFIUS has identified risks to the national security of the United States arising as a result of the Merger, (ii) CFIUS has not identified any mitigation measures, (iii) absent new information arising during the investigation period that alters CFIUS’s assessment of the national security risks or the feasibility of mitigation measures to resolve those risks, CFIUS anticipates that it will refer the matter to the President for decision, and (iv) the parties could provide additional information to CFIUS for consideration. As of September 13, 2021, CFIUS had granted request to extend the CFIUS review period for the merger and it would commence on September 14, 2021 and conclude no later than October 28, 2021. By letter dated October 28, 2021, the Acting CFIUS Staff Chairperson notified the parties that CFIUS is undertaking an investigation, as amended, which will be completed no later than December 13, 2021. The termination date under the merger agreement has been extended from September 25, 2021 to December 25, 2021.The transaction is expected to close during the second half of 2021. J.P. Morgan Securities LLC served as exclusive financial advisor and fairness opinion provider for MagnaChip. Ross A. Fieldston, Xiaoyu Greg Liu and Ross Fieldston, Andrea Quek, Greg Liu, David Huntington, Caith Kushner, Sophia Gui, Jonathon Ashtor, Lawrence Witdorchic, Uri Horowitz, Jacqueline Rubin, Alex Oh, Steven Herzog, David Mayo, Peter Fisch, Richard Elliott, Yuni Sobel, Ellen Mao, William O'Brien and Jeffrey D. Marell of Paul, Weiss, Rifkind, Wharton & Garrison LLP, Richards, Layton & Finger, PA and Bo-Yong Ahn and Sun Yul Lee of Kim & Chang served as legal counsel to Magnachip. Robert Lee and Seth Prostic of BMO Capital Markets Corp. served as exclusive financial advisor and Keith A. Flaum of Hogan Lovells US LLP and Han Wonkyu and Kim Chee-Kwan of Lee & Ko served as legal counsel to Wise Road Capital LTD. Michael Diz and Sue Meng of Debevoise & Plimpton LLP is advising J.P. Morgan Securities LLC as financial advisor to Magnachip. Stephen M. Kotran of Sullivan & Cromwell LLP acted as exclusive financial adviser to BMO Capital Markets Corp. Innisfree M&A Inc. acted as the information agent to MagnaChip and will receive a fee of $0.03 million for its services. For services rendered in connection with the Merger and the delivery of its opinion, MagnaChip has agreed to pay J.P. Morgan a fee of up to $30 million, of which $5 million became payable to J.P. Morgan upon delivery of its opinion, and the remainder will become payable to J.P. Morgan upon the consummation of the merger. Wise Road Capital Ltd. cancelled the acquisition of MagnaChip Semiconductor Corporation (NYSE:MX) on December 20, 2021. MagnaChip and Wise Road received permission from CFIUS to withdraw their joint CFIUS filing in relation to their proposed transaction and will be terminating their definitive merger agreement. This course of action resulted from the inability of the parties, despite months of effort, to obtain CFIUS's approval for the merger. In connection with the termination of the merger agreement, Wise Road will pay MagnaChip a termination fee of $70.2 million, of which $51 million will be paid promptly and $19.2 million will be deferred up to March 31, 2022. In connection with the termination of the merger agreement, the parties will be releasing each other from all obligations with respect to the proposed merger transaction as well as from any claims arising out of or relating to the merger agreement. Magnachip also intends to withdraw its application concerning the merger that had been submitted to the Korean Ministry of Trade, Industry and Energy. On December 20, 2021, the Merger Agreement terminated pursuant to the Termination Agreement after the MagnaChip’s receipt of a fee of $51 million from Wise Road and a new standby letter of credit, which secures a deferred fee of $19.2 million from Wise Road due on or before March 31, 2022.

Fundamental Summary

At a high level, the metrics from Magnachip Semiconductor's Q1 financial report release provided many positive indicators. Their growth and value factors indicate a well-executed and balanced strategy, which is generating exciting growth. These results lead us to believe that there should be significant upside potential for the stock. We gave Magnachip Semiconductor a 83 rating and a BUY recommendation.

Magnachip Semiconductor reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 104.09 million compared to USD 123.02 million a year ago. Net income was USD 9.53 million compared to net loss of USD 7.47 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to basic loss per share from continuing operations of USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to diluted loss per share from continuing operations of USD 0.19 a year ago.

Business Description

Magnachip Semiconductor, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, notebook PCs, monitors and liquid crystal displays, and micro light-emitting diode (LED) televisions. The company also offers metal oxide semiconductor field-effect transistors, insulated-gate bipolar transistors, AC-DC converters, DC-DC converters, LED drivers, regulators, and power management integrated circuits for a range of devices comprising televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, and other consumer electronics, as well as for power suppliers, e-bike, photovoltaic inverter, LED lighting, motor drive, and home appliances; and organic light-emitting diode display driver integrated circuits for OLED TVs. It serves consumer, computing, and industrial electronics original equipment manufacturers, original design manufacturers, and electronics manufacturing services companies, as well as subsystem designers in Korea, the Asia Pacific, the United States, Europe, and internationally. The company sells its products through a direct sales force, as well as through a network of agents and distributors. Magnachip Semiconductor was incorporated in 2004 and is based in Luxembourg, Luxembourg.

Sector Overview

Magnachip Semiconductor is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Magnachip Semiconductor's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 587.9 0.7% 78
Liabilities 126.7 -3.2% 56
Price to Book 1.5 -30.6% 72
Cash & Equivalents 284.9 1.9% 72
Equity 461.2 1.9% 79
EBITDA 71.8 7.3% 80
Total Revenues 455.3 -4.0% 94
Parameter Value Change Score
Return on Equity 16.7 17.7% 88
Net Cashflow -5.3 -1241.7% 65
Capital Expenditure -30.6 0.4% 76
Asset Turnover 0.8 -2.6% 54
Free Cashflow 1.0 -17.3% 56

* All values are TTM

The below chart reflects Magnachip Semiconductor's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Magnachip Semiconductor's peer average final assessment score stands on 74.0, Magnachip Semiconductor's score is 83.

  •  MX
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Wolfspeed, Inc. 8.7B 73 69 55
Hold
67
67 0 1
Daqo New Energy Corp. 5.4B 93 65 89
Strong Buy
95
95 1 1
Onto Innovation Inc. 3.7B 77 67 85
Buy
85
85 2 1
JinkoSolar Holding Co., Ltd. 3.3B 89 62 74
Buy
81
81 3 1
NeoPhotonics Corporation 837.4M 66 69 72
Hold
72
72 4 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 5 1
Valens Semiconductor Ltd. 350.3M 75 65 66
Hold
75
75 6 1
Rockley Photonics Holdings Limited 338.0M 41 79 59
Underperform
58
58 7 1
NVIDIA Corporation 422.4B 71 63 82
Hold
76
76 8 1
Intel Corporation 157.9B 77 76 58
Hold
75
75 9 1
Texas Instruments Incorporated 143.5B 76 74 70
Buy
80
80 10 1
QUALCOMM Incorporated 142.4B 82 66 77
Buy
82
82 11 1
Advanced Micro Devices, Inc. 139.6B 88 59 57
Hold
69
69 12 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 13 1
Applied Materials, Inc. 84.9B 60 72 69
Hold
69
69 14 1
Analog Devices, Inc. 78.3B 69 65 84
Hold
78
78 15 1
Micron Technology, Inc. 65.6B 81 74 80
Strong Buy
89
89 16 1
Lam Research Corporation 62.4B 59 74 68
Hold
70
70 17 1
KLA Corporation 50.5B 66 67 74
Hold
72
72 18 1
NXP Semiconductors N.V. 41.7B 64 71 73
Hold
73
73 19 1
Marvell Technology, Inc. 40.5B 60 64 65
Hold
61
61 20 1
Microchip Technology Incorporated 33.6B 78 71 79
Buy
85
85 21 1
Enphase Energy, Inc. 27.8B 58 57 60
Underperform
53
53 22 1
GLOBALFOUNDRIES Inc. 24.5B 78 70 64
Hold
75
75 23 1
ON Semiconductor Corporation 23.5B 81 73 70
Buy
82
82 24 1
Monolithic Power Systems, Inc. 19.4B 84 66 77
Buy
83
83 25 1
SolarEdge Technologies, Inc. 16.5B 82 53 43
Underperform
54
54 26 1
Skyworks Solutions, Inc. 15.8B 62 70 71
Hold
70
70 27 1
Teradyne, Inc. 15.7B 51 75 68
Hold
66
66 28 1
Entegris, Inc. 14.2B 70 69 65
Hold
70
70 29 1
Qorvo, Inc. 10.6B 67 71 73
Hold
75
75 30 1
First Solar, Inc. 7.5B 58 73 53
Underperform
60
60 31 1
Lattice Semiconductor Corporation 7.2B 68 71 77
Hold
78
78 32 1
MKS Instruments, Inc. 6.0B 70 74 59
Hold
70
70 33 1
Universal Display Corporation 5.4B 75 68 71
Hold
76
76 34 1
Silicon Laboratories Inc. 5.3B 71 70 86
Buy
84
84 35 1
CMC Materials, Inc. 5.2B 80 76 75
Strong Buy
87
87 36 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 37 1
Synaptics Incorporated 5.1B 81 68 67
Hold
76
76 38 1
Power Integrations, Inc. 4.5B 61 80 82
Buy
83
83 39 1
Amkor Technology, Inc. 4.3B 74 70 60
Hold
71
71 40 1
Cirrus Logic, Inc. 4.1B 86 67 91
Strong Buy
92
92 41 1
Allegro MicroSystems, Inc. 4.1B 74 61 56
Hold
62
62 42 1
SiTime Corporation 3.8B 58 64 62
Underperform
59
59 43 1
Semtech Corporation 3.6B 67 75 78
Buy
80
80 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 69 76 69
Hold
77
77 45 1
SunPower Corporation 3.2B 61 49 74
Underperform
56
56 46 1
FormFactor, Inc. 3.1B 83 80 68
Strong Buy
87
87 47 1
Diodes Incorporated 3.1B 61 76 72
Hold
75
75 48 1
Silicon Motion Technology Corporation 2.9B 54 72 61
Hold
65
65 49 1
Nova Ltd. 2.8B 61 70 54
Hold
64
64 50 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 51 1
Ambarella, Inc. 2.7B 63 71 80
Hold
77
77 52 1
Kulicke and Soffa Industries, Inc. 2.7B 57 79 83
Buy
80
80 53 1
Rambus Inc. 2.4B 48 64 90
Hold
69
69 54 1
Canadian Solar Inc. 2.2B 58 72 71
Hold
72
72 55 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 56 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 57 1
Himax Technologies, Inc. 1.6B 77 70 67
Buy
79
79 58 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 59 1
Ultra Clean Holdings, Inc. 1.4B 63 63 62
Hold
60
60 60 1
Cohu, Inc. 1.4B 57 75 59
Hold
64
64 61 1
Photronics, Inc. 1.3B 68 71 83
Buy
81
81 62 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 63 1
SMART Global Holdings, Inc. 1.1B 86 65 62
Hold
75
75 64 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 65 1
Alpha and Omega Semiconductor Limited 957.1M 77 69 54
Hold
68
68 66 1
ACM Research, Inc. 950.7M 52 67 50
Underperform
50
50 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 68 1
PDF Solutions, Inc. 813.0M 62 71 89
Buy
82
82 69 1
CEVA, Inc. 804.5M 73 71 71
Hold
77
77 70 1
Ichor Holdings, Ltd. 789.3M 59 67 59
Underperform
59
59 71 1
indie Semiconductor, Inc. 752.7M 44 43 85
Underperform
50
50 72 1
Maxeon Solar Technologies, Ltd. 603.6M 53 49 84
Hold
60
60 73 1
Navitas Semiconductor Corporation 575.2M 67 53 90
Hold
72
72 74 1
Rigetti Computing, Inc. 426.1M 98 73 58
Buy
85
85 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 76 1
Meta Materials Inc. 414.9M 41 43 84
Underperform
47
47 77 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 78 1
CyberOptics Corporation 278.5M 74 71 72
Buy
78
78 79 1
Transphorm, Inc. 260.9M 45 68 88
Hold
69
69 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Magnachip Semiconductor's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Magnachip Semiconductor's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 15.19
52W Low 14.77
52W High 23.97
5D MA 15.58
50D MA 17.58
200D MA 17.93
MACD -0.8
RSI 14.59
STOCH 2.66

Balance Sheet Analysis

Overall, Magnachip Semiconductor's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Magnachip Semiconductor produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. Magnachip Semiconductor's equity was reported as 461.2, which represents a 1.9% change from the last report. Companies in the same sector and market capitalization will usually be affected by up to 4.3 percent by this parameter. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. Therefore, its equity movement component earned a score of 79. Also, Magnachip Semiconductor's management was effective in managing the value of the assets on their balance sheet, which now sits at 587.9 and represents a 0.7% change from the previous report. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. The company's asset component, therefore, received a grade of 78. On the other hand, Liabilities, jumped out as looking problematic. Magnachip Semiconductor's liabilities stood at 126.7 in the current filing, which represents a -3.2% change from the previous report. This performance is relatively weak in comparison to their peers and suggests that its's stock price will likely suffer until this is solved. Discouraging results like these statistically lead to negative movement in stock prices, so we rated their liabilities movement component 56. Its balance sheet received an overall score of 74.

Parameter Value Change Score
Assets 587.9 0.7% 78
Liabilities 126.7 -3.2% 56
Price to Book 1.5 -30.6% 72
Cash & Equivalents 284.9 1.9% 72
Equity 461.2 1.9% 79
* All values are TTM

The below chart describes Magnachip Semiconductor's performance as reflected on its balance sheet with respect to its peers. While Magnachip Semiconductor received a balance sheet score of 74, the average of its peers stands on 70.0.

  •  MX
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Wolfspeed, Inc. 8.7B 96 63 58 97 56 73 0 1
Daqo New Energy Corp. 5.4B 92 62 81 95 93 93 1 1
Onto Innovation Inc. 3.7B 84 71 67 72 73 77 2 1
JinkoSolar Holding Co., Ltd. 3.3B 87 62 77 94 94 89 3 1
NeoPhotonics Corporation 837.4M 89 66 49 72 64 66 4 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 5 1
Valens Semiconductor Ltd. 350.3M 92 70 66 45 73 75 6 1
Rockley Photonics Holdings Limited 338.0M 48 82 40 37 52 41 7 1
NVIDIA Corporation 422.4B 78 70 65 97 54 71 8 1
Intel Corporation 157.9B 65 69 76 90 81 77 9 1
Texas Instruments Incorporated 143.5B 63 70 87 46 84 76 10 1
QUALCOMM Incorporated 142.4B 57 71 96 80 81 82 11 1
Advanced Micro Devices, Inc. 139.6B 94 61 78 96 81 88 12 1
Broadcom Inc. 102.5B 67 79 59 56 54 62 13 1
Applied Materials, Inc. 84.9B 71 72 64 41 55 60 14 1
Analog Devices, Inc. 78.3B 62 80 66 65 66 69 15 1
Micron Technology, Inc. 65.6B 73 69 85 76 74 81 16 1
Lam Research Corporation 62.4B 73 77 59 51 45 59 17 1
KLA Corporation 50.5B 75 62 73 53 66 66 18 1
NXP Semiconductors N.V. 41.7B 72 68 56 62 76 64 19 1
Marvell Technology, Inc. 40.5B 71 84 50 46 51 60 20 1
Microchip Technology Incorporated 33.6B 65 84 76 72 65 78 21 1
Enphase Energy, Inc. 27.8B 89 61 39 97 55 58 22 1
GLOBALFOUNDRIES Inc. 24.5B 81 66 73 82 74 78 23 1
ON Semiconductor Corporation 23.5B 74 69 77 88 82 81 24 1
Monolithic Power Systems, Inc. 19.4B 85 65 75 92 80 84 25 1
SolarEdge Technologies, Inc. 16.5B 77 62 77 96 86 82 26 1
Skyworks Solutions, Inc. 15.8B 69 77 64 46 52 62 27 1
Teradyne, Inc. 15.7B 48 81 63 45 47 51 28 1
Entegris, Inc. 14.2B 62 71 75 55 79 70 29 1
Qorvo, Inc. 10.6B 64 83 64 67 55 67 30 1
First Solar, Inc. 7.5B 77 70 50 58 57 58 31 1
Lattice Semiconductor Corporation 7.2B 53 79 79 60 64 68 32 1
MKS Instruments, Inc. 6.0B 59 74 72 76 72 70 33 1
Universal Display Corporation 5.4B 57 76 83 85 70 75 34 1
Silicon Laboratories Inc. 5.3B 89 81 60 45 47 71 35 1
CMC Materials, Inc. 5.2B 65 79 73 87 82 80 36 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 57 65 37 1
Synaptics Incorporated 5.1B 71 71 78 92 76 81 38 1
Power Integrations, Inc. 4.5B 55 82 59 79 56 61 39 1
Amkor Technology, Inc. 4.3B 70 68 75 74 77 74 40 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 74 86 41 1
Allegro MicroSystems, Inc. 4.1B 68 69 74 80 76 74 42 1
SiTime Corporation 3.8B 57 67 65 73 64 58 43 1
Semtech Corporation 3.6B 58 79 68 67 64 67 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 64 75 74 38 75 69 45 1
SunPower Corporation 3.2B 72 81 42 83 53 61 46 1
FormFactor, Inc. 3.1B 72 70 84 82 80 83 47 1
Diodes Incorporated 3.1B 46 78 71 51 72 61 48 1
Silicon Motion Technology Corporation 2.9B 40 85 60 40 47 54 49 1
Nova Ltd. 2.8B 86 45 76 48 82 61 50 1
MaxLinear, Inc. 2.7B 68 71 75 85 75 76 51 1
Ambarella, Inc. 2.7B 45 75 74 86 65 63 52 1
Kulicke and Soffa Industries, Inc. 2.7B 45 83 61 76 56 57 53 1
Rambus Inc. 2.4B 43 82 41 95 54 48 54 1
Canadian Solar Inc. 2.2B 91 54 59 62 62 58 55 1
Axcelis Technologies, Inc. 1.9B 76 68 85 71 74 81 56 1
Credo Technology Group Holding Ltd 1.7B 94 61 77 79 86 88 57 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 58 1
Impinj, Inc. 1.4B 62 68 78 39 92 72 59 1
Ultra Clean Holdings, Inc. 1.4B 55 78 68 48 68 63 60 1
Cohu, Inc. 1.4B 52 82 57 59 59 57 61 1
Photronics, Inc. 1.3B 53 85 66 76 66 68 62 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 63 1
SMART Global Holdings, Inc. 1.1B 90 63 75 95 82 86 64 1
Veeco Instruments Inc. 1.0B 84 72 41 78 47 58 65 1
Alpha and Omega Semiconductor Limited 957.1M 89 64 67 87 67 77 66 1
ACM Research, Inc. 950.7M 87 57 51 43 50 52 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 68 1
PDF Solutions, Inc. 813.0M 54 81 64 90 51 62 69 1
CEVA, Inc. 804.5M 82 74 60 87 60 73 70 1
Ichor Holdings, Ltd. 789.3M 59 76 65 38 63 59 71 1
indie Semiconductor, Inc. 752.7M 49 54 72 56 56 44 72 1
Maxeon Solar Technologies, Ltd. 603.6M 87 68 40 78 38 53 73 1
Navitas Semiconductor Corporation 575.2M 37 80 80 62 80 67 74 1
Rigetti Computing, Inc. 426.1M 94 62 85 99 98 98 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 76 1
Meta Materials Inc. 414.9M 51 78 42 41 51 41 77 1
Helix Technology Corporation 364.9M 66 77 79 85 52 65 78 1
CyberOptics Corporation 278.5M 71 66 72 64 86 74 79 1
Transphorm, Inc. 260.9M 41 87 39 47 55 45 80 1

Income Statement Analysis

Two metrics jump up as the most significant positive drivers of the income statement's strength in Magnachip Semiconductor's recent report: Revenue Efficiency and Return Factors. Magnachip Semiconductor reported highly encouraging numbers for its revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 18.5%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. The company's revenue efficiency, therefore, received a grade of 94. Also, Magnachip Semiconductor's reported return on equity (ROE) ratio was 16.7, representing a change of 17.7%. Its return factor metrics are even more remarkable when compared to their peers. Therefore, its return factors component earned a score of 88. However, one discouraging result, EBITDA, stood out. Magnachip Semiconductor reported concerning EBITDA this period. At filing, EBITDA was reported as 71.8, representing 7.3% change from the previous period. This parameter coud affect companies in the same industry and market capitalization by up to 13.2%. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Therefore, their EBITDA component earned a score of 80. Consequently, their income statement earned a rank of 90.

Parameter Value Change Score
EBITDA 71.8 7.3% 80
Total Revenues 455.3 -4.0% 94
Return on Equity 16.7 17.7% 88
* All values are TTM

The below chart describes Magnachip Semiconductor's performance as reflected on its income statement with respect to its peers. While Magnachip Semiconductor received a income statement score of 90 , the average of its peers stands on 75.0.

  •  MX
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Wolfspeed, Inc. 8.7B 49 90 86 69 0 1
Daqo New Energy Corp. 5.4B 37 96 94 65 1 1
Onto Innovation Inc. 3.7B 47 87 89 67 2 1
JinkoSolar Holding Co., Ltd. 3.3B 38 89 81 62 3 1
NeoPhotonics Corporation 837.4M 45 95 90 69 4 1
Mykrolis Corp. 657.1M 68 68 58 67 5 1
Valens Semiconductor Ltd. 350.3M 41 86 65 65 6 1
Rockley Photonics Holdings Limited 338.0M 97 50 83 79 7 1
NVIDIA Corporation 422.4B 46 83 68 63 8 1
Intel Corporation 157.9B 90 55 73 76 9 1
Texas Instruments Incorporated 143.5B 69 78 71 74 10 1
QUALCOMM Incorporated 142.4B 48 87 79 66 11 1
Advanced Micro Devices, Inc. 139.6B 40 89 38 59 12 1
Broadcom Inc. 102.5B 59 80 90 71 13 1
Applied Materials, Inc. 84.9B 72 68 73 72 14 1
Analog Devices, Inc. 78.3B 40 91 93 65 15 1
Micron Technology, Inc. 65.6B 59 88 90 74 16 1
Lam Research Corporation 62.4B 80 63 75 74 17 1
KLA Corporation 50.5B 56 77 77 67 18 1
NXP Semiconductors N.V. 41.7B 59 79 90 71 19 1
Marvell Technology, Inc. 40.5B 41 89 88 64 20 1
Microchip Technology Incorporated 33.6B 57 83 92 71 21 1
Enphase Energy, Inc. 27.8B 45 74 55 57 22 1
GLOBALFOUNDRIES Inc. 24.5B 50 93 85 70 23 1
ON Semiconductor Corporation 23.5B 53 92 94 73 24 1
Monolithic Power Systems, Inc. 19.4B 45 90 83 66 25 1
SolarEdge Technologies, Inc. 16.5B 41 70 48 53 26 1
Skyworks Solutions, Inc. 15.8B 69 70 63 70 27 1
Teradyne, Inc. 15.7B 88 57 62 75 28 1
Entegris, Inc. 14.2B 56 80 80 69 29 1
Qorvo, Inc. 10.6B 76 65 63 71 30 1
First Solar, Inc. 7.5B 98 43 40 73 31 1
Lattice Semiconductor Corporation 7.2B 54 88 89 71 32 1
MKS Instruments, Inc. 6.0B 78 66 65 74 33 1
Universal Display Corporation 5.4B 71 63 61 68 34 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 35 1
CMC Materials, Inc. 5.2B 72 76 93 76 36 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 37 1
Synaptics Incorporated 5.1B 45 91 90 68 38 1
Power Integrations, Inc. 4.5B 80 76 83 80 39 1
Amkor Technology, Inc. 4.3B 63 76 77 70 40 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 41 1
Allegro MicroSystems, Inc. 4.1B 68 48 67 61 42 1
SiTime Corporation 3.8B 39 93 78 64 43 1
Semtech Corporation 3.6B 64 84 87 75 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 74 77 73 76 45 1
SunPower Corporation 3.2B 49 43 72 49 46 1
FormFactor, Inc. 3.1B 79 76 83 80 47 1
Diodes Incorporated 3.1B 66 84 86 76 48 1
Silicon Motion Technology Corporation 2.9B 54 83 78 72 49 1
Nova Ltd. 2.8B 41 89 78 70 50 1
MaxLinear, Inc. 2.7B 56 92 96 75 51 1
Ambarella, Inc. 2.7B 56 89 79 71 52 1
Kulicke and Soffa Industries, Inc. 2.7B 73 82 85 79 53 1
Rambus Inc. 2.4B 48 85 62 64 54 1
Canadian Solar Inc. 2.2B 73 76 53 72 55 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 56 1
Credo Technology Group Holding Ltd 1.7B 38 88 63 60 57 1
Himax Technologies, Inc. 1.6B 53 84 66 70 58 1
Impinj, Inc. 1.4B 64 53 52 59 59 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 60 1
Cohu, Inc. 1.4B 92 53 49 75 61 1
Photronics, Inc. 1.3B 55 86 92 71 62 1
Camtek Ltd. 1.1B 50 81 71 68 63 1
SMART Global Holdings, Inc. 1.1B 48 86 68 65 64 1
Veeco Instruments Inc. 1.0B 66 84 91 76 65 1
Alpha and Omega Semiconductor Limited 957.1M 62 75 76 69 66 1
ACM Research, Inc. 950.7M 88 42 42 67 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 68 1
PDF Solutions, Inc. 813.0M 49 95 89 71 69 1
CEVA, Inc. 804.5M 51 90 97 71 70 1
Ichor Holdings, Ltd. 789.3M 72 60 55 67 71 1
indie Semiconductor, Inc. 752.7M 37 47 69 43 72 1
Maxeon Solar Technologies, Ltd. 603.6M 50 49 60 49 73 1
Navitas Semiconductor Corporation 575.2M 56 45 72 53 74 1
Rigetti Computing, Inc. 426.1M 92 44 69 73 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 76 1
Meta Materials Inc. 414.9M 37 45 70 43 77 1
Helix Technology Corporation 364.9M 89 47 51 74 78 1
CyberOptics Corporation 278.5M 54 87 87 71 79 1
Transphorm, Inc. 260.9M 37 81 97 68 80 1

Cash Flow Analysis

Magnachip Semiconductor's most recent cash flow report was not encouraging. Magnachip Semiconductor's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.8, representing a -2.6% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 10.7 percent by this parameter. The company's asset turnover metrics seem especially problematic relative to their peers. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 54. Also, Magnachip Semiconductor did a poor job related to generating and maintaining strong free cash flow this period, which stood at 1.0, representing a -17.3% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.4%. their free cash flow situation appears to be much weaker than their peers. Management needs to do a better job balancing cash flow, asset growth, and resources allocations in general. Its free cash flow movement, therefore, received a grade of 56. However, we can we draw some encouragement from Magnachip Semiconductor's momentum in cash flow generation. Magnachip Semiconductor's management was effective in improving its CapEx, which now sits at -30.6 and represents 0.4% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Therefore, its CapEx movement component earned a score of 76. Consequently, the company's cash flow earned a rank of 57.

Parameter Value Change Score
Net Cashflow -5.3 -1241.7% 65
Capital Expenditure -30.6 0.4% 76
Asset Turnover 0.8 -2.6% 54
Free Cashflow 1.0 -17.3% 56
* All values are TTM

The below chart describes Magnachip Semiconductor's performance as reflected on its cash flow with respect to its peers. While Magnachip Semiconductor received a cash flow score of 57, the average of its peers stands on 68.0.

  •  MX
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Wolfspeed, Inc. 8.7B 57 74 76 46 55 0 1
Daqo New Energy Corp. 5.4B 78 86 63 96 89 1 1
Onto Innovation Inc. 3.7B 95 65 88 85 85 2 1
JinkoSolar Holding Co., Ltd. 3.3B 67 69 73 78 74 3 1
NeoPhotonics Corporation 837.4M 50 63 67 87 72 4 1
Mykrolis Corp. 657.1M 65 69 68 82 75 5 1
Valens Semiconductor Ltd. 350.3M 53 89 90 46 66 6 1
Rockley Photonics Holdings Limited 338.0M 80 72 66 46 59 7 1
NVIDIA Corporation 422.4B 93 65 61 86 82 8 1
Intel Corporation 157.9B 57 72 68 53 58 9 1
Texas Instruments Incorporated 143.5B 74 74 63 69 70 10 1
QUALCOMM Incorporated 142.4B 65 65 70 87 77 11 1
Advanced Micro Devices, Inc. 139.6B 93 66 69 37 57 12 1
Broadcom Inc. 102.5B 74 76 87 89 85 13 1
Applied Materials, Inc. 84.9B 75 59 69 72 69 14 1
Analog Devices, Inc. 78.3B 78 76 51 94 84 15 1
Micron Technology, Inc. 65.6B 81 85 81 74 80 16 1
Lam Research Corporation 62.4B 72 60 56 75 68 17 1
KLA Corporation 50.5B 70 76 52 79 74 18 1
NXP Semiconductors N.V. 41.7B 59 72 51 85 73 19 1
Marvell Technology, Inc. 40.5B 94 84 58 46 65 20 1
Microchip Technology Incorporated 33.6B 80 79 48 84 79 21 1
Enphase Energy, Inc. 27.8B 89 77 64 40 60 22 1
GLOBALFOUNDRIES Inc. 24.5B 54 86 45 64 64 23 1
ON Semiconductor Corporation 23.5B 60 79 55 74 70 24 1
Monolithic Power Systems, Inc. 19.4B 84 78 59 75 77 25 1
SolarEdge Technologies, Inc. 16.5B 46 38 55 52 43 26 1
Skyworks Solutions, Inc. 15.8B 78 57 79 73 71 27 1
Teradyne, Inc. 15.7B 75 65 66 68 68 28 1
Entegris, Inc. 14.2B 60 57 50 77 65 29 1
Qorvo, Inc. 10.6B 78 65 87 71 73 30 1
First Solar, Inc. 7.5B 46 84 56 46 53 31 1
Lattice Semiconductor Corporation 7.2B 79 77 43 82 77 32 1
MKS Instruments, Inc. 6.0B 58 58 92 56 59 33 1
Universal Display Corporation 5.4B 74 81 68 65 71 34 1
Silicon Laboratories Inc. 5.3B 70 89 81 88 86 35 1
CMC Materials, Inc. 5.2B 72 66 68 80 75 36 1
Tower Semiconductor Ltd. 5.1B 76 57 55 58 68 37 1
Synaptics Incorporated 5.1B 85 62 98 55 67 38 1
Power Integrations, Inc. 4.5B 88 77 64 82 82 39 1
Amkor Technology, Inc. 4.3B 46 57 61 71 60 40 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 91 41 1
Allegro MicroSystems, Inc. 4.1B 56 56 77 56 56 42 1
SiTime Corporation 3.8B 83 87 56 44 62 43 1
Semtech Corporation 3.6B 79 78 58 79 78 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 46 78 54 78 69 45 1
SunPower Corporation 3.2B 84 41 39 93 74 46 1
FormFactor, Inc. 3.1B 78 81 66 58 68 47 1
Diodes Incorporated 3.1B 77 61 52 80 72 48 1
Silicon Motion Technology Corporation 2.9B 63 53 46 85 61 49 1
Nova Ltd. 2.8B 58 53 39 56 54 50 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 51 1
Ambarella, Inc. 2.7B 84 95 45 75 80 52 1
Kulicke and Soffa Industries, Inc. 2.7B 93 81 83 74 83 53 1
Rambus Inc. 2.4B 96 73 89 89 90 54 1
Canadian Solar Inc. 2.2B 69 70 74 68 71 55 1
Axcelis Technologies, Inc. 1.9B 81 77 68 85 82 56 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 57 1
Himax Technologies, Inc. 1.6B 66 77 48 79 67 58 1
Impinj, Inc. 1.4B 70 38 85 73 65 59 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 62 60 1
Cohu, Inc. 1.4B 92 62 71 44 59 61 1
Photronics, Inc. 1.3B 65 92 96 79 83 62 1
Camtek Ltd. 1.1B 69 70 74 72 71 63 1
SMART Global Holdings, Inc. 1.1B 47 85 95 54 62 64 1
Veeco Instruments Inc. 1.0B 73 82 48 69 71 65 1
Alpha and Omega Semiconductor Limited 957.1M 49 64 45 59 54 66 1
ACM Research, Inc. 950.7M 62 43 50 54 50 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 68 1
PDF Solutions, Inc. 813.0M 81 98 45 92 89 69 1
CEVA, Inc. 804.5M 57 54 84 83 71 70 1
Ichor Holdings, Ltd. 789.3M 51 37 87 71 59 71 1
indie Semiconductor, Inc. 752.7M 69 80 52 98 85 72 1
Maxeon Solar Technologies, Ltd. 603.6M 87 90 59 88 84 73 1
Navitas Semiconductor Corporation 575.2M 70 87 94 93 90 74 1
Rigetti Computing, Inc. 426.1M 48 76 51 60 58 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 76 1
Meta Materials Inc. 414.9M 85 56 68 97 84 77 1
Helix Technology Corporation 364.9M 75 62 63 56 61 78 1
CyberOptics Corporation 278.5M 49 74 89 78 72 79 1
Transphorm, Inc. 260.9M 81 87 96 94 88 80 1

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