International Assets Investment Management LLC bought a new stake in SK hynix Inc. (NASDAQ:SKHY – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,435 shares of the memory chip maker’s stock, valued at approximately $8,367,000.
Several other institutional investors and hedge funds have also bought and sold shares of SKHY. Ramsey Quantitative Systems bought a new stake in shares of SK hynix during the 3rd quarter valued at about $30,000. Richardson Financial Services Inc. purchased a new stake in shares of SK hynix during the 3rd quarter valued at about $50,000. Covestor Ltd bought a new position in shares of SK hynix in the 3rd quarter worth approximately $60,000. Financial Management Professionals Inc. bought a new position in shares of SK hynix in the 3rd quarter worth approximately $129,000. Finally, Albion Financial Group UT purchased a new position in shares of SK hynix in the third quarter worth approximately $184,000.
SK hynix Trading Up 2.8%
NASDAQ SKHY opened at $127.34 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.59. SK hynix Inc. has a 12 month low of $122.20 and a 12 month high of $199.87. The company has a market cap of $930.21 billion and a PE ratio of 10.08. The business’s 50 day moving average price is $166.79.
SK hynix (NASDAQ:SKHY – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The memory chip maker reported $3.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.96 by ($2.12). The firm had revenue of $73.86 billion for the quarter, compared to analysts’ expectations of $66.41 billion. Sell-side analysts forecast that SK hynix Inc. will post 25.24 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently issued reports on SKHY shares. Zacks Research upgraded shares of SK hynix to a “hold” rating in a research report on Friday, July 24th. Rosenblatt Securities increased their price target on shares of SK hynix from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. UBS Group initiated coverage on shares of SK hynix in a research report on Wednesday, July 29th. They issued a “buy” rating and a $204.00 price target on the stock. Cantor Fitzgerald dropped their price target on shares of SK hynix from $300.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, October 26th. Finally, Stifel Nicolaus started coverage on shares of SK hynix in a research report on Tuesday, August 4th. They set a “buy” rating and a $240.00 price objective for the company. Four investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $247.80.
View Our Latest Report on SK hynix
Key Headlines Impacting SK hynix
Here are the key news stories impacting SK hynix this week:
- Positive Sentiment: AI infrastructure spending continues to support demand for memory chips, with one report saying supply remains insufficient to meet needs. That outlook could benefit SK hynix’s memory business if demand stays strong. SK Hynix Just Announced Huge News for Micron Shareholders
- Neutral Sentiment: South Korean semiconductor exports jumped 93.7% in October, signaling robust industry demand. However, the report also noted bearish trading activity weighing on South Korean equities, so strong export figures have not translated into uniformly positive investor sentiment. South Korea’s Chip Exports Are Soaring—So Why Is This ETF Down 20?
- Negative Sentiment: A Wall Street sell-off in AI and technology stocks spread to Asia, pressuring SK hynix and other regional technology names. Reports cited investor concern about the cost of financing the AI build-out, while a separate account described continued selling in memory stocks as investors reduced exposure to AI-linked chipmakers. AI stock bloodbath hits Asia as Samsung, SK Hynix and SoftBank plunge Nasdaq sell-off batters Asian chip stocks
- Negative Sentiment: Qualcomm’s reported 26% handset-related plunge added to concerns about mobile demand and intensified the memory-chip sell-off, creating a potential headwind beyond AI-related demand. SK hynix Sinks 9% as Qualcomm’s 26% Handset Plunge Deepens Memory Chip Rout
- Negative Sentiment: Analyst concerns about SK hynix missing out on a U.S. plant and a reported delay in export approval for equipment bound for its China NAND facility raise questions about investment plans and execution. SK Hynix losing out on US plant has major implications, Wedbush says Why SK Hynix Plunged Today
About SK hynix
SK hynix is a South Korean semiconductor company that develops and manufactures memory products for use in computers, mobile devices, data centers and other electronics. Its principal products include dynamic random-access memory (DRAM), NAND flash memory and high-bandwidth memory (HBM), as well as complementary metal-oxide-semiconductor (CMOS) image sensors.
The company’s memory products support applications ranging from personal computing and smartphones to servers, artificial intelligence systems and automotive electronics.
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