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Full potential LAPW + lo method is used for exploring electronic, structural and thermoelectric properties for MgNd₂X₄ (X = S, Se) spinels that are found to show ferromagnetic-semiconductor behaviour in the spinel structure. The investigated negative value of formation energy and positive value of phonon spectra computed using PBEsol GGA indicates the energetic and dynamical stability of the studied cubic ferromagnetic-semiconductors. We have used TB-mBJ potential functional for electronic and magnetic properties, which lead to a reliable account of electronic structure, demonstrating band occupancy in the spinels along with a clear explanation of density of states. The stability of ferromagnetic state in the studied materials is because of the exchange splitting of Nd cations based on p-d hybridization which is in accordance with the results obtained for electronic band structure and density of states. The …