Shares of SK hynix Inc. (NASDAQ:SKHY – Get Free Report) were down 2.4% on Wednesday. The stock traded as low as $176.70 and last traded at $178.25. Approximately 18,672,914 shares traded hands during trading, a decline of 32% from the average session volume of 27,512,221 shares. The stock had previously closed at $182.56.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on SKHY. Wolfe Research reiterated an “outperform” rating and issued a $250.00 target price on shares of SK hynix in a research report on Wednesday, September 23rd. William Blair assumed coverage on shares of SK hynix in a research note on Tuesday, August 4th. They issued an “outperform” rating on the stock. UBS Group started coverage on shares of SK hynix in a report on Wednesday, July 29th. They set a “buy” rating and a $204.00 price target on the stock. Needham & Company LLC upped their price objective on shares of SK hynix from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Wedbush upgraded shares of SK hynix to a “strong-buy” rating in a research report on Tuesday, August 4th. Four investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $253.22.
Check Out Our Latest Report on SK hynix
SK hynix Stock Performance
SK hynix (NASDAQ:SKHY – Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 earnings per share for the quarter. The firm had revenue of $51.19 billion for the quarter. On average, equities analysts anticipate that SK hynix Inc. will post 25.69 earnings per share for the current year.
SK hynix Company Profile
SK hynix Inc is a South Korean semiconductor company that develops and manufactures memory products for data centers, personal computers, mobile devices, automotive systems and other technology applications. Its portfolio includes dynamic random-access memory (DRAM), high-bandwidth memory (HBM), NAND flash memory, solid-state drives and related semiconductor solutions.
The company serves customers worldwide through manufacturing, research and development, sales and support operations across Asia, North America, Europe and other markets.
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