Shares of SK hynix Inc. (NASDAQ:SKHY – Get Free Report) have been assigned an average recommendation of “Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $253.22.
SKHY has been the subject of a number of analyst reports. Zacks Research upgraded shares of SK hynix to a “hold” rating in a report on Friday, July 24th. Cantor Fitzgerald began coverage on SK hynix in a research note on Tuesday, August 4th. They issued an “overweight” rating and a $300.00 price objective for the company. Citigroup raised SK hynix to a “strong-buy” rating in a report on Wednesday, September 2nd. UBS Group started coverage on shares of SK hynix in a report on Wednesday, July 29th. They set a “buy” rating and a $204.00 target price on the stock. Finally, Needham & Company LLC upped their target price on shares of SK hynix from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, August 24th.
View Our Latest Stock Analysis on SK hynix
Key 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
Institutional Trading of SK hynix
Hedge funds have recently bought and sold shares of the company. Yarbrough Capital LLC bought a new stake in shares of SK hynix in the 3rd quarter worth approximately $5,934,000. Capstone Capital Management Ltd purchased a new position in shares of SK hynix during the third quarter valued at approximately $1,473,000. Lancaster Investment Management bought a new stake in SK hynix in the third quarter worth $34,103,000. Prime Capital Investment Advisors LLC bought a new position in SK hynix in the 3rd quarter worth about $6,777,000. Finally, DUTCH ASSET Corp purchased a new stake in shares of SK hynix during the third quarter valued at approximately $2,066,000.
SK hynix Price Performance
Shares of NASDAQ SKHY opened at $131.69 on Friday. The business’s fifty day moving average is $170.66. 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 has a 12-month low of $124.80 and a 12-month high of $199.87.
SK hynix (NASDAQ:SKHY – Get Free Report) last issued its earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 EPS for the quarter. The firm had revenue of $51.19 billion during the quarter. As a group, sell-side analysts forecast that SK hynix will post 25.69 EPS for the current fiscal year.
SK hynix Company Profile
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.
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