Shares of SK hynix Inc. (NASDAQ:SKHY – Get Free Report) fell 4.9% on Monday . The stock traded as low as $151.50 and last traded at $155.37. 16,124,914 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 37,349,707 shares. The stock had previously closed at $163.41.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on SKHY shares. UBS Group initiated coverage on SK hynix in a research report on Wednesday, July 29th. They set a “buy” rating and a $204.00 target price for the company. Singular Research upgraded SK hynix to a “strong-buy” rating in a research note on Friday, July 10th. Wall Street Zen raised SK hynix to a “strong-buy” rating in a report on Saturday, July 18th. Wedbush upgraded shares of SK hynix to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada started coverage on shares of SK hynix in a research report on Tuesday, August 4th. They set an “outperform” rating and a $200.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $248.00.
View Our Latest Research Report on SK hynix
SK hynix Price Performance
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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