Virtu 2Q22 schedule and Magnachip solar inverter product ?3

10:48 17-Jun-22

Virtu Financial has scheduled its second quarter report for the early morning of July 28th.  On average analysts expect 87 cents of EPS from $399M of revenue, declining to $380M this quarter.  Updates on buybacks, RFQ Hub, and crypto in the face of the recent rout will be welcome as well.  I don't know what, if anything, to make of Virtu scheduling the report six weeks ahead of time, though, rather than the usual two.  Regardless the VIX touched 35 yesterday and volume has been robust.  VIRT remains one of my primary values.

We also have Magnachip offering a higher power insulated-gate bipolar transistor (IGBT) for solar inverters, which is intended to grow its market share in that arena.  MX shares have dropped from $20 to trade just above $16.  Apparently I wasn't the only one to question the credibility of the $26+ offer.  They could be viewed as interesting at this level, but I like HIMX and MTSI plumbing multi-year lows better.

What's not interesting is eMagin getting another $2.5M development award from the army.  EMAN is trading around 62 cents and will have to execute a reverse stock split if something doesn't change.