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MagnaChip Semiconductor Is Due For A Bounce

December 19th, 2017 · No Comments

  • The finances of MagnaChip have already improved a lot on the back of cost cutting and higher utilization of its fabs.
  • We think more is in store for next year on the back of their growing OLED business, which temporarily stalled this year, but has already started growing again sequentially.
  • Technically, the shares are also due for a bounce.

Source: MagnaChip Semiconductor Is Due For A Bounce – MagnaChip Semiconductor Corporation (NYSE:MX) | Seeking Alpha

Tags: MX