SK hynix (NASDAQ:SKHY) Stock Falls 7.9% – Should You Sell?

Posted by Francis Steltz on Nov 1st, 2026

Shares of SK hynix Inc. (NASDAQ:SKHY – Get Free Report) dropped 7.9% during trading on Friday. The stock traded as low as $145.34 and last traded at $149.21. Approximately 32,605,610 shares were traded during trading, an increase of 22% from the average session volume of 26,695,420 shares. The stock had previously closed at $162.09.

SK hynix News Roundup

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

Positive Sentiment: SK hynix reported exceptionally strong third-quarter results, supported by rising DRAM and NAND average selling prices, expanding margins and surging artificial-intelligence-related demand. Analysts characterized the quarter as a potential turning point for the broader memory industry. SK hynix: A Bargain For The Ages (Earnings Analysis)
Positive Sentiment: Management indicated that available memory capacity is effectively sold out through 2029, reflecting sustained demand from AI infrastructure and data-center customers. The company is also accelerating HBM4 production and expanding capacity. SK Hynix Just Delivered Fantastic News for Micron
Positive Sentiment: Long-term agreements reportedly cover more than half of planned 2027–2028 capacity, improving revenue visibility and reducing exposure to the memory industry’s usual cyclicality. Strong cash generation, shareholder returns and a net-cash position further support the investment case. SK hynix: Despite Their Premium To The Korean Shares, The U.S. ADRs Are A Bargain
Positive Sentiment: RBC reaffirmed an Outperform rating, while Rosenblatt raised its price target. Other coverage continues to describe SKHY as undervalued relative to peers despite its superior growth and profitability. Royal Bank Of Canada Reaffirms Outperform Rating
Neutral Sentiment: SK hynix denied reports of a confirmed plan for a major U.S. NAND plant by its Solidigm subsidiary, limiting speculation about additional capital spending. SK hynix Denies Confirmed Plan for Massive U.S. NAND Plant
Negative Sentiment: The immediate catalyst for the decline is a broad technology sell-off following disappointing Amazon and Intel results. Weakness in Samsung, Micron and SanDisk has amplified pressure across the memory-chip sector, while some investors are questioning whether SKHY’s strong outlook is already reflected in its valuation. Why are Micron, SK Hynix, and SanDisk stocks falling on Friday?

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SKHY shares. Weiss Ratings began coverage on shares of SK hynix in a research report on Friday, October 2nd. They set a “hold (c)” rating on the stock. Barclays reduced their price target on shares of SK hynix from $330.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Singular Research upgraded shares of SK hynix to a “strong-buy” rating in a report on Friday, July 10th. William Blair reaffirmed an “outperform” rating and issued a $154.00 price target on shares of SK hynix in a research note on Friday. Finally, Citigroup upgraded shares of SK hynix to a “strong-buy” rating in a report on Wednesday, September 2nd. Four analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, SK hynix presently has a consensus rating of “Buy” and an average target price of $247.80.

Get Our Latest Report on SK hynix

SK hynix Price Performance

The company has a current ratio of 2.59, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $168.89. The stock has a market cap of $1.09 trillion and a price-to-earnings ratio of 11.81.

SK hynix (NASDAQ:SKHY – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The memory chip maker reported $3.84 EPS for the quarter, missing the consensus estimate of $5.96 by ($2.12). The firm had revenue of $73.86 billion during the quarter, compared to analysts’ expectations of $66.41 billion. On average, equities analysts predict that SK hynix Inc. will post 25.28 earnings per share for the current year.

Institutional Trading of SK hynix

Hedge funds have recently bought and sold shares of the business. Brooklands Fund Management Ltd bought a new position in shares of SK hynix in the third quarter valued at $46,145,000. Lancaster Investment Management bought a new stake in shares of SK hynix during the third quarter worth about $34,103,000. Asset Management One Co. Ltd. bought a new stake in shares of SK hynix during the third quarter worth about $21,554,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of SK hynix in the 3rd quarter worth about $18,543,000. Finally, Hillman Co. acquired a new stake in shares of SK hynix in the 3rd quarter worth about $11,530,000.

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.