9,713 Shares in SK hynix Inc. $SKHY Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC purchased a new stake in shares of SK hynix Inc. (NASDAQ:SKHY – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,713 shares of the memory chip maker’s stock, valued at approximately $1,789,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Albion Financial Group UT acquired a new position in shares of SK hynix in the 3rd quarter valued at $184,000. Boyd Wealth Management LLC purchased a new position in shares of SK hynix during the 3rd quarter worth $238,000. Petredis Investment Advisors LLC purchased a new position in shares of SK hynix during the 3rd quarter worth $254,000. Piedmont Capital Management LLC NC acquired a new stake in shares of SK hynix during the 3rd quarter worth about $296,000. Finally, Eagle Rock Investment Company LLC acquired a new stake in shares of SK hynix during the 3rd quarter worth about $302,000.

More SK hynix News

Here are the key news stories impacting SK hynix this week:

  • Positive Sentiment: South Korea reported a 222.5% year-over-year increase in semiconductor exports, reinforcing evidence that memory-chip demand remains strong after the sector’s recent sell-off. SK hynix shares had previously rallied alongside Samsung on the data. South Korean semiconductor exports article
  • Positive Sentiment: Investors expect another strong quarter when SK hynix reports on October 28. Industry results from Micron and rising memory prices support forecasts for roughly KRW 98.5 trillion in revenue and a 78% operating margin, with some estimates above KRW 100 trillion. SK hynix Q3 expectations article
  • Neutral Sentiment: SK hynix and Samsung are reportedly upgrading Chinese facilities to produce more advanced NAND chips. The move could support local supply and competitiveness, but operations remain exposed to U.S. export restrictions and China-related geopolitical risk. China memory plant upgrades article
  • Neutral Sentiment: Invesco’s new QQI international-growth ETF includes exposure to SK hynix, potentially improving visibility and demand for the shares, although the fund is unlikely to be a major short-term catalyst. Invesco QQI ETF article
  • Negative Sentiment: SK hynix halted plans for a pre-IPO and IPO of its U.S. subsidiary Solidigm. The decision removes a potential near-term funding or valuation catalyst and may signal less favorable market conditions for the NAND business. Solidigm IPO plans article
  • Negative Sentiment: Chinese rival CXMT says it has advanced a denser DRAM design and plans to ship server memory by year-end. If successful, increased competition could pressure SK hynix’s pricing, margins and market share over time. CXMT DRAM competition article

SK hynix Trading Down 8.1%

SKHY stock opened at $131.69 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.59 and a quick ratio of 2.29. The stock has a market cap of $961.98 billion and a P/E ratio of 10.43. SK hynix Inc. has a 12-month low of $124.80 and a 12-month high of $199.87. The company has a fifty day moving average price of $170.66.

SK hynix (NASDAQ:SKHY – Get Free Report) last posted its earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 earnings per share (EPS) for the quarter. The firm had revenue of $51.19 billion for the quarter. Research analysts predict that SK hynix Inc. will post 25.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC boosted their price objective on shares of SK hynix from $200.00 to $220.00 and gave the company a “buy” rating in a report on Monday, August 24th. Citigroup upgraded shares of SK hynix to a “strong-buy” rating in a research report on Wednesday, September 2nd. Wedbush raised shares of SK hynix to a “strong-buy” rating in a research note on Tuesday, August 4th. Stifel Nicolaus began coverage on shares of SK hynix in a research note on Tuesday, August 4th. They issued a “buy” rating and a $240.00 price target on the stock. Finally, Wall Street Zen raised shares of SK hynix to a “strong-buy” rating in a research report on Saturday, July 18th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SK hynix presently has an average rating of “Buy” and an average price target of $253.22.

View Our Latest Report on SKHY

SK hynix Company Profile

(Free Report)

SK hynix Inc is a South Korean semiconductor company that develops and manufactures memory products and related semiconductor solutions. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives, and high-bandwidth memory (HBM) used in computing, artificial intelligence, data centers, smartphones, automotive systems, and other electronic devices.

The company serves customers globally through manufacturing, research, sales, and support operations in South Korea and other major technology markets.

Further Reading

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Institutional Ownership by Quarter for SK hynix (NASDAQ:SKHY)

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