SK hynix Inc. (NASDAQ:SKHY – Get Free Report) traded up 4.8% during mid-day trading on Tuesday . The company traded as high as $189.82 and last traded at $185.55. Approximately 22,909,130 shares were traded during trading, a decline of 28% from the average session volume of 31,640,094 shares. The stock had previously closed at $177.00.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of SK hynix to a “hold” rating in a report on Friday, July 24th. Wedbush upgraded SK hynix to a “strong-buy” rating in a research report on Tuesday, August 4th. Singular Research upgraded shares of SK hynix to a “strong-buy” rating in a report on Friday, July 10th. Citigroup upgraded SK hynix to a “strong-buy” rating in a report on Wednesday, September 2nd. Finally, Needham & Company LLC increased their price objective on SK hynix from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, SK hynix currently has an average rating of “Buy” and a consensus price target of $248.00.
Read Our Latest Report on SK hynix
SK hynix Trading Up 4.8%
SK hynix (NASDAQ:SKHY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 earnings per share for the quarter. The business had revenue of $51.19 billion for the quarter. On average, equities analysts anticipate that SK hynix Inc. will post 25.48 EPS for the current fiscal year.
About SK hynix
SK hynix Inc is a South Korea-based semiconductor company that develops, manufactures, and sells memory products used in a wide range of electronic devices and computing systems. Its portfolio includes DRAM, NAND flash, and other memory solutions that support applications such as servers, PCs, mobile devices, and consumer electronics.
The company serves customers globally through the semiconductor supply chain and is recognized as one of the major memory chip producers in the industry.
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