Shares of SK hynix Inc. (NASDAQ:SKHY – Get Free Report) have been given an average rating of “Buy” by the twelve analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $248.00.
SKHY has been the subject of a number of research analyst reports. Singular Research raised shares of SK hynix to a “strong-buy” rating in a research report on Friday, July 10th. Stifel Nicolaus initiated coverage on SK hynix in a research note on Tuesday, August 4th. They set a “buy” rating and a $240.00 price target on the stock. Rosenblatt Securities assumed coverage on SK hynix in a research report on Tuesday, August 4th. They set a “buy” rating and a $320.00 price target for the company. Zacks Research raised SK hynix to a “hold” rating in a research note on Friday, July 24th. Finally, Wolfe Research began coverage on SK hynix in a report on Tuesday, August 4th. They issued an “outperform” rating and a $200.00 price objective on the stock.
Check Out Our Latest Research Report on SK hynix
SK hynix Trading Down 0.4%
SK hynix (NASDAQ:SKHY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 earnings per share for the quarter. The company had revenue of $51.19 billion for the quarter. Analysts forecast that SK hynix will post 25.48 EPS for the current fiscal year.
SK hynix Company Profile
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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