SK hynix Inc. $SKHY Shares Newly Bought by Kestra Private Wealth Services LLC

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.

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About SK hynix

(Free Report)

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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Institutional Ownership by Quarter for SK hynix (NASDAQ:SKHY)

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