Kestra Private Wealth Services LLC bought a new position in SK hynix Inc. (NASDAQ:SKHY – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,785 shares of the memory chip maker’s stock, valued at approximately $1,065,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ramsey Quantitative Systems bought a new stake in shares of SK hynix during the third quarter valued at approximately $30,000. Richardson Financial Services Inc. bought a new position in SK hynix in the 3rd quarter valued at approximately $50,000. Covestor Ltd purchased a new stake in SK hynix during the 3rd quarter valued at $60,000. Financial Management Professionals Inc. purchased a new stake in SK hynix during the 3rd quarter valued at $129,000. Finally, Albion Financial Group UT bought a new stake in shares of SK hynix in the 3rd quarter worth $184,000.
Analysts Set New Price Targets
Several research firms have recently weighed in on SKHY. Needham & Company LLC boosted their price target on SK hynix from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Barclays reduced their price objective on SK hynix from $330.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Wall Street Zen raised SK hynix to a “strong-buy” rating in a research report on Saturday, July 18th. Royal Bank Of Canada restated an “outperform” rating and set a $200.00 target price on shares of SK hynix in a research note on Wednesday, October 28th. Finally, Rosenblatt Securities raised their price target on shares of SK hynix from $320.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Four equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $247.80.
Check Out Our Latest Research Report on SKHY
SK hynix Stock Performance
Shares of NASDAQ SKHY traded up $3.44 during midday trading on Friday, hitting $127.34. 27,836,290 shares of the stock traded hands, compared to its average volume of 23,163,340. The stock has a 50-day moving average price of $166.79. The stock has a market capitalization of $930.21 billion and a price-to-earnings ratio of 10.08. The company has a quick ratio of 2.29, a current ratio of 2.59 and a debt-to-equity ratio of 0.06. SK hynix Inc. has a one year low of $122.20 and a one year high of $199.87.
SK hynix (NASDAQ:SKHY – Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $66.41 billion. Equities analysts forecast that SK hynix Inc. will post 25.24 earnings per share for the current fiscal year.
Trending Headlines about 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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