SK hynix (NASDAQ:SKHY) Shares Gap Up – Still a Buy?

Posted by Geri Gentry on Oct 23rd, 2026

SK hynix Inc. (NASDAQ:SKHY – Get Free Report)’s share price gapped up before the market opened on Friday. The stock had previously closed at $131.69, but opened at $136.61. SK hynix shares last traded at $137.3510, with a volume of 6,206,398 shares changing hands.

SK hynix News Roundup

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

Positive Sentiment: Scrapping the Solidigm listing may allow SK hynix to avoid selling the unit during weak market conditions, potential valuation pressure, and shareholder dilution. Investors may also view the decision as preserving full control of Solidigm and its flash-memory assets. SK Hynix Jumps 4% After Scrapping Solidigm’s U.S. IPO
Positive Sentiment: The stock reversed an early decline and moved higher despite broader weakness in technology shares, suggesting investors focused more on the flexibility gained by postponing the transaction than on the lost IPO proceeds. SK Hynix stock jumps after scrapping Solidigm IPO plans
Neutral Sentiment: The decision followed market jitters, share-price trends, and reported South Korean regulatory concerns that a U.S. Solidigm listing could conflict with dual-listing rules. The regulatory backdrop may have made postponement a prudent move, but it also highlights execution and policy uncertainty. SK hynix shares and Solidigm IPO plans
Positive Sentiment: Investors are also awaiting SK hynix’s October 28 earnings report. Recent industry results point to sustained memory demand and rising prices, supporting expectations for strong revenue and operating margins. SK hynix Q3: Micron Already Told Us What’s Coming
Negative Sentiment: Longer term, Chinese competitors’ progress in advanced DRAM and SK hynix’s efforts to upgrade China facilities under U.S. export restrictions remain risks to market share, technology leadership, and margins. SK Hynix and Samsung upgrade China memory plants

Wall Street Analyst Weigh In

SKHY has been the subject of several recent research reports. William Blair assumed coverage on SK hynix in a research note on Tuesday, August 4th. They issued an “outperform” rating for the company. Wedbush upgraded shares of SK hynix to a “strong-buy” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. initiated coverage on shares of SK hynix in a research report on Thursday, September 10th. They issued an “overweight” rating and a $245.00 target price for the company. Stifel Nicolaus began coverage on shares of SK hynix in a research note on Tuesday, August 4th. They set a “buy” rating and a $240.00 price target on the stock. Finally, Singular Research upgraded shares of SK hynix to a “strong-buy” rating in a report on Friday, July 10th. Four 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. Based on data from MarketBeat, SK hynix has an average rating of “Buy” and an average target price of $253.22.

Read Our Latest Report on SKHY

SK hynix Stock Up 5.0%

The company has a 50-day moving average price of $170.66. The company has a market capitalization of $1.01 trillion and a P/E ratio of 10.92. The company has a current ratio of 2.59, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06.

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 (EPS) for the quarter. The company had revenue of $51.19 billion for the quarter. As a group, equities analysts anticipate that SK hynix Inc. will post 25.69 earnings per share for the current year.

Institutional Investors Weigh In On SK hynix

Large investors have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems acquired a new position in SK hynix during the third quarter valued at approximately $30,000. Albion Financial Group UT bought a new position in shares of SK hynix in the third quarter valued at approximately $184,000. Boyd Wealth Management LLC bought a new position in shares of SK hynix in the third quarter valued at approximately $238,000. Wedbush Securities Inc. bought a new position in shares of SK hynix in the third quarter valued at approximately $243,000. Finally, Petredis Investment Advisors LLC acquired a new stake in shares of SK hynix in the third quarter worth $254,000.

About SK hynix

(Get 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.