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The company is concentrating on its display driver and power business, divesting from its foundry business. Demand for its OLED drivers is booming. This greatly improves the balance sheet, eliminates interest payments, and reduces CapEx needs. The company’s positive cash generation, underappreciated by investors, we feel, is likely to increase as a result. The shares […]

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The boom in MagnaChip’s OLED display drivers is continuing at an impressive pace, and the company’s strategic choice to move out of low-margin LCD drivers looks right. Despite some headwinds, the company’s financials are improving. We think the OLED boom will continue for some time, although perhaps not quite as exuberant as in the past […]

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The company is producing an impressive change in strategy, concentrating resources and attention on higher margin business like OLED display drivers. The strategy change is already paying off pretty dramatically. We think there is upside in the shares, as the cost of the strategy change will fade and some headwind might also wither, while the […]

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Three new small caps that have sold off lately while the fundamental story is intact. Electro Scientific just gave back some of its astronomical gains, but it is firing out on all cylinders. MagnaChip had some tax issues, and Ceragon’s share price has receded after announcing a big Indian order. Source: More Small-Cap Opportunities | […]

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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 […]

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MagnaChip Semiconductor is already recovering, but we see considerable mileage in that still. The company produced solid Q1 figures despite some temporary headwinds. It has longer-run tailwinds from restructuring, AMOLED and analog based power solutions. Source: MagnaChip Semiconductor Is A Buy – MagnaChip Semiconductor Corporation (NYSE:MX) | Seeking Alpha

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