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MagnaChip ( (MX) ) has shared an update.
On April 28, 2025, MagnaChip announced adjustments to the compensation of its top executives. CEO Young-Joon Kim agreed to a 20% salary reduction, while CFO Shin Young Park’s salary was reduced by 10%, both effective April 1, 2025. These reductions will remain until the company’s operating income is positive for two consecutive fiscal quarters. Additionally, Park’s amended service agreement includes a salary increase and provisions for severance in the event of a change in control.
Spark’s Take on MX Stock
According to Spark, TipRanks’ AI Analyst, MX is a Neutral.
MagnaChip’s overall score reflects significant financial challenges, including declining revenues and negative profitability. While the earnings call indicates strategic initiatives for recovery, current operational and technical indicators remain weak. The negative P/E ratio further underscores valuation concerns.
To see Spark’s full report on MX stock, click here.
More about MagnaChip
YTD Price Performance: -20.15%
Average Trading Volume: 278,787
Technical Sentiment Signal: Buy
Current Market Cap: $118.4M
For an in-depth examination of MX stock, go to TipRanks’ Stock Analysis page.