Intrinsic value of MagnaChip Semiconductor - MX

Previous Close

$7.51

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

Previous close

$7.51

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

We calculate the intrinsic value of MX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  19.80
  18.32
  16.99
  15.79
  14.71
  13.74
  12.87
  12.08
  11.37
  10.73
  10.16
  9.64
  9.18
  8.76
  8.39
  8.05
  7.74
  7.47
  7.22
  7.00
  6.80
  6.62
  6.46
  6.31
  6.18
  6.06
  5.96
  5.86
  5.77
  5.70
Revenue, $m
  814
  963
  1,127
  1,305
  1,497
  1,703
  1,922
  2,154
  2,399
  2,656
  2,926
  3,208
  3,503
  3,810
  4,129
  4,462
  4,807
  5,166
  5,539
  5,927
  6,330
  6,749
  7,185
  7,638
  8,110
  8,602
  9,114
  9,648
  10,205
  10,787
Variable operating expenses, $m
  811
  959
  1,122
  1,299
  1,491
  1,695
  1,913
  2,144
  2,388
  2,644
  2,913
  3,194
  3,487
  3,792
  4,110
  4,441
  4,785
  5,142
  5,514
  5,900
  6,301
  6,718
  7,152
  7,603
  8,073
  8,562
  9,072
  9,604
  10,158
  10,737
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  811
  959
  1,122
  1,299
  1,491
  1,695
  1,913
  2,144
  2,388
  2,644
  2,913
  3,194
  3,487
  3,792
  4,110
  4,441
  4,785
  5,142
  5,514
  5,900
  6,301
  6,718
  7,152
  7,603
  8,073
  8,562
  9,072
  9,604
  10,158
  10,737
Operating income, $m
  3
  4
  5
  6
  6
  7
  8
  9
  11
  12
  13
  15
  16
  18
  19
  21
  22
  24
  25
  27
  29
  31
  33
  35
  37
  40
  42
  44
  47
  50
EBITDA, $m
  37
  44
  51
  59
  68
  77
  87
  98
  109
  121
  133
  146
  159
  173
  188
  203
  219
  235
  252
  269
  288
  307
  327
  347
  369
  391
  414
  439
  464
  490
Interest expense (income), $m
  15
  25
  25
  34
  44
  55
  67
  79
  92
  106
  121
  137
  153
  170
  188
  207
  226
  246
  267
  289
  312
  335
  360
  385
  411
  439
  468
  497
  528
  561
  595
Earnings before tax, $m
  -22
  -21
  -29
  -39
  -48
  -59
  -71
  -83
  -96
  -109
  -123
  -139
  -154
  -171
  -188
  -206
  -224
  -244
  -264
  -284
  -306
  -329
  -352
  -376
  -402
  -428
  -456
  -484
  -514
  -545
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -22
  -21
  -29
  -39
  -48
  -59
  -71
  -83
  -96
  -109
  -123
  -139
  -154
  -171
  -188
  -206
  -224
  -244
  -264
  -284
  -306
  -329
  -352
  -376
  -402
  -428
  -456
  -484
  -514
  -545

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  669
  792
  926
  1,072
  1,230
  1,399
  1,579
  1,770
  1,971
  2,183
  2,404
  2,636
  2,878
  3,131
  3,393
  3,666
  3,950
  4,245
  4,551
  4,870
  5,201
  5,545
  5,904
  6,276
  6,664
  7,068
  7,489
  7,928
  8,386
  8,863
Adjusted assets (=assets-cash), $m
  669
  792
  926
  1,072
  1,230
  1,399
  1,579
  1,770
  1,971
  2,183
  2,404
  2,636
  2,878
  3,131
  3,393
  3,666
  3,950
  4,245
  4,551
  4,870
  5,201
  5,545
  5,904
  6,276
  6,664
  7,068
  7,489
  7,928
  8,386
  8,863
Revenue / Adjusted assets
  1.217
  1.216
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
  1.217
Average production assets, $m
  233
  276
  322
  373
  428
  487
  550
  616
  686
  760
  837
  918
  1,002
  1,090
  1,181
  1,276
  1,375
  1,477
  1,584
  1,695
  1,810
  1,930
  2,055
  2,184
  2,319
  2,460
  2,607
  2,759
  2,919
  3,085
Working capital, $m
  76
  90
  105
  121
  139
  158
  179
  200
  223
  247
  272
  298
  326
  354
  384
  415
  447
  480
  515
  551
  589
  628
  668
  710
  754
  800
  848
  897
  949
  1,003
Total debt, $m
  307
  417
  538
  670
  812
  964
  1,126
  1,298
  1,479
  1,669
  1,869
  2,078
  2,295
  2,522
  2,759
  3,004
  3,260
  3,525
  3,801
  4,088
  4,386
  4,696
  5,018
  5,353
  5,703
  6,066
  6,445
  6,840
  7,252
  7,682
Total liabilities, $m
  602
  712
  834
  965
  1,107
  1,259
  1,421
  1,593
  1,774
  1,964
  2,164
  2,373
  2,590
  2,817
  3,054
  3,299
  3,555
  3,820
  4,096
  4,383
  4,681
  4,991
  5,313
  5,649
  5,998
  6,361
  6,740
  7,135
  7,547
  7,977
Total equity, $m
  67
  79
  93
  107
  123
  140
  158
  177
  197
  218
  240
  264
  288
  313
  339
  367
  395
  424
  455
  487
  520
  555
  590
  628
  666
  707
  749
  793
  839
  886
Total liabilities and equity, $m
  669
  791
  927
  1,072
  1,230
  1,399
  1,579
  1,770
  1,971
  2,182
  2,404
  2,637
  2,878
  3,130
  3,393
  3,666
  3,950
  4,244
  4,551
  4,870
  5,201
  5,546
  5,903
  6,277
  6,664
  7,068
  7,489
  7,928
  8,386
  8,863
Debt-to-equity ratio
  4.590
  5.270
  5.810
  6.250
  6.600
  6.890
  7.130
  7.330
  7.500
  7.650
  7.770
  7.880
  7.980
  8.060
  8.130
  8.200
  8.250
  8.310
  8.350
  8.390
  8.430
  8.470
  8.500
  8.530
  8.560
  8.580
  8.610
  8.630
  8.650
  8.670
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -22
  -21
  -29
  -39
  -48
  -59
  -71
  -83
  -96
  -109
  -123
  -139
  -154
  -171
  -188
  -206
  -224
  -244
  -264
  -284
  -306
  -329
  -352
  -376
  -402
  -428
  -456
  -484
  -514
  -545
Depreciation, amort., depletion, $m
  34
  40
  46
  54
  62
  70
  79
  88
  98
  109
  120
  131
  143
  156
  169
  182
  196
  211
  226
  242
  259
  276
  294
  312
  331
  351
  372
  394
  417
  441
Funds from operations, $m
  12
  19
  17
  15
  13
  11
  8
  6
  3
  -1
  -4
  -7
  -11
  -15
  -19
  -23
  -28
  -32
  -37
  -42
  -47
  -53
  -58
  -64
  -70
  -77
  -83
  -90
  -97
  -104
Change in working capital, $m
  13
  14
  15
  17
  18
  19
  20
  22
  23
  24
  25
  26
  27
  29
  30
  31
  32
  33
  35
  36
  37
  39
  41
  42
  44
  46
  48
  50
  52
  54
Cash from operations, $m
  0
  5
  2
  -1
  -5
  -8
  -12
  -16
  -20
  -24
  -29
  -34
  -39
  -44
  -49
  -54
  -60
  -66
  -72
  -78
  -85
  -92
  -99
  -106
  -114
  -122
  -131
  -140
  -149
  -158
Maintenance CAPEX, $m
  -28
  -33
  -39
  -46
  -53
  -61
  -70
  -79
  -88
  -98
  -109
  -120
  -131
  -143
  -156
  -169
  -182
  -196
  -211
  -226
  -242
  -259
  -276
  -294
  -312
  -331
  -351
  -372
  -394
  -417
New CAPEX, $m
  -38
  -43
  -47
  -51
  -55
  -59
  -63
  -66
  -70
  -74
  -77
  -81
  -84
  -88
  -91
  -95
  -99
  -103
  -107
  -111
  -115
  -120
  -125
  -130
  -135
  -141
  -147
  -153
  -159
  -166
Cash from investing activities, $m
  -66
  -76
  -86
  -97
  -108
  -120
  -133
  -145
  -158
  -172
  -186
  -201
  -215
  -231
  -247
  -264
  -281
  -299
  -318
  -337
  -357
  -379
  -401
  -424
  -447
  -472
  -498
  -525
  -553
  -583
Free cash flow, $m
  -66
  -71
  -84
  -98
  -113
  -128
  -144
  -161
  -178
  -196
  -215
  -234
  -254
  -274
  -296
  -318
  -341
  -365
  -390
  -416
  -442
  -470
  -499
  -530
  -561
  -594
  -629
  -665
  -702
  -742
Issuance/(repayment) of debt, $m
  4
  110
  121
  132
  142
  152
  162
  172
  181
  190
  200
  209
  218
  227
  236
  246
  255
  265
  276
  287
  298
  310
  322
  335
  349
  364
  379
  395
  412
  430
Issuance/(repurchase) of shares, $m
  128
  33
  43
  53
  64
  76
  89
  102
  116
  131
  146
  162
  178
  196
  214
  233
  253
  273
  294
  316
  339
  363
  388
  414
  440
  468
  498
  528
  560
  593
Cash from financing (excl. dividends), $m  
  132
  143
  164
  185
  206
  228
  251
  274
  297
  321
  346
  371
  396
  423
  450
  479
  508
  538
  570
  603
  637
  673
  710
  749
  789
  832
  877
  923
  972
  1,023
Total cash flow (excl. dividends), $m
  65
  73
  80
  86
  93
  100
  106
  113
  119
  125
  131
  136
  142
  148
  154
  161
  167
  174
  180
  187
  195
  203
  211
  219
  228
  238
  248
  258
  269
  281
Retained Cash Flow (-), $m
  -128
  -33
  -43
  -53
  -64
  -76
  -89
  -102
  -116
  -131
  -146
  -162
  -178
  -196
  -214
  -233
  -253
  -273
  -294
  -316
  -339
  -363
  -388
  -414
  -440
  -468
  -498
  -528
  -560
  -593
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -63
  39
  37
  33
  29
  24
  18
  11
  3
  -6
  -15
  -25
  -36
  -48
  -60
  -72
  -86
  -99
  -114
  -129
  -144
  -160
  -177
  -194
  -212
  -231
  -250
  -270
  -290
  -312
Discount rate, %
  11.30
  11.87
  12.46
  13.08
  13.74
  14.42
  15.14
  15.90
  16.70
  17.53
  18.41
  19.33
  20.29
  21.31
  22.37
  23.49
  24.67
  25.90
  27.19
  28.55
  29.98
  31.48
  33.06
  34.71
  36.44
  38.27
  40.18
  42.19
  44.30
  46.51
PV of cash for distribution, $m
  -56
  31
  26
  20
  15
  11
  7
  3
  1
  -1
  -2
  -3
  -3
  -3
  -3
  -2
  -2
  -2
  -1
  -1
  -1
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  33.3
  21.6
  13.7
  8.6
  5.3
  3.2
  2.0
  1.2
  0.7
  0.4
  0.3
  0.2
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

MagnaChip Semiconductor Corporation is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things (IoT) applications. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications. The Company has two segments: Foundry Services Group and Standard Products Group. The Company's Foundry Services Group provides analog and mixed-signal foundry services to semiconductor companies and Integrated Device Manufacturers (IDMs) that serve consumer, computing, communication, industrial, automotive and IoT applications. The Company manufactures wafers-based on its customers’ product designs. The Company's Standard Products Group includes its Display Solutions and Power Solutions business lines.

FINANCIAL RATIOS  of  MagnaChip Semiconductor (MX)

Valuation Ratios
P/E Ratio -8.8
Price to Sales 0.4
Price to Book -3.7
Price to Tangible Book
Price to Cash Flow 32.9
Price to Free Cash Flow -21.9
Growth Rates
Sales Growth Rate 8.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 185.7%
Cap. Spend. - 3 Yr. Gr. Rate -14.2%
Financial Strength
Quick Ratio NaN
Current Ratio 0.2
LT Debt to Equity -306.9%
Total Debt to Equity -306.9%
Interest Coverage -1
Management Effectiveness
Return On Assets -2.8%
Ret/ On Assets - 3 Yr. Avg. -11.6%
Return On Total Capital -19.5%
Ret/ On T. Cap. - 3 Yr. Avg. -37.4%
Return On Equity 44.8%
Return On Equity - 3 Yr. Avg. -38.9%
Asset Turnover 1.5
Profitability Ratios
Gross Margin 22.7%
Gross Margin - 3 Yr. Avg. 22%
EBITDA Margin 2%
EBITDA Margin - 3 Yr. Avg. -5.8%
Operating Margin 0.4%
Oper. Margin - 3 Yr. Avg. -5.8%
Pre-Tax Margin -3.8%
Pre-Tax Margin - 3 Yr. Avg. -12.1%
Net Profit Margin -4.4%
Net Profit Margin - 3 Yr. Avg. -11.5%
Effective Tax Rate -15.4%
Eff/ Tax Rate - 3 Yr. Avg. -0.4%
Payout Ratio 0%

MX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MX stock intrinsic value calculation we used $679.672 million for the last fiscal year's total revenue generated by MagnaChip Semiconductor. The default revenue input number comes from 0001 income statement of MagnaChip Semiconductor. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MX stock valuation model: a) initial revenue growth rate of 19.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.3%, whose default value for MX is calculated based on our internal credit rating of MagnaChip Semiconductor, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of MagnaChip Semiconductor.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MX stock the variable cost ratio is equal to 99.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 8.2% for MagnaChip Semiconductor.

Corporate tax rate of 27% is the nominal tax rate for MagnaChip Semiconductor. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MX are equal to 28.6%.

Life of production assets of 7 years is the average useful life of capital assets used in MagnaChip Semiconductor operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MX is equal to 9.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-39.637 million for MagnaChip Semiconductor - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 34.495 million for MagnaChip Semiconductor is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of MagnaChip Semiconductor at the current share price and the inputted number of shares is $0.3 billion.

RELATED COMPANIES Price Int.Val. Rating
TSEM Tower Semicond 14.33 41.45  str.buy
TSM Taiwan Semicon 37.06 140.13  str.buy
AOSL Alpha&Omega Se 10.26 14.18  hold
HIMX Himax Technolo 4.03 0.79  str.sell
UMC United Microel 1.68 11.97  str.buy
LPL LG Display ADR 7.75 5,362.15  str.buy
ON ON Semiconduct 16.83 29.83  buy

COMPANY NEWS

▶ Magnachip: 3Q Earnings Snapshot   [05:35PM  Associated Press]
▶ MagnaChip Introduces High-Voltage Super Junction MOSFET   [Oct-15-18 08:00AM  PR Newswire]
▶ Magnachip: 2Q Earnings Snapshot   [05:02PM  Associated Press]
▶ Magnachip: 1Q Earnings Snapshot   [Apr-30-18 05:28PM  Associated Press]
▶ Magnachip posts 4Q profit   [Feb-06-18 07:09PM  Associated Press]
▶ MagnaChip to Present at 2018 Needham Growth Conference   [Jan-16-18 08:00AM  PR Newswire]
▶ Magnachip posts 3Q profit   [Nov-02-17 05:49AM  Associated Press]
▶ MagnaChip Reports Third Quarter 2017 Financial Results   [Nov-01-17 04:15PM  PR Newswire]
▶ New Strong Buy Stocks for September 22nd   [Sep-22-17 10:25AM  Zacks]
▶ New Strong Buy Stocks for September 13th   [Sep-13-17 06:44AM  Zacks]
▶ New Strong Buy Stocks for August 30th   [Aug-30-17 09:11AM  Zacks]
▶ New Strong Buy Stocks for August 28th   [Aug-28-17 09:25AM  Zacks]
▶ Why Shares of MagnaChip Semiconductor Slumped Today   [Aug-10-17 04:44PM  Motley Fool]
▶ MagnaChip Reports Second Quarter 2017 Financial Results   [Aug-03-17 04:15PM  PR Newswire]
▶ 4 Small-Cap Semiconductor Stocks to Buy Now   [Jun-22-17 12:56PM  Zacks]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.