9,166 Shares of SK hynix Inc. $SKHY Bought by FDx Advisors Inc.

FDx Advisors Inc. bought a new stake in SK hynix Inc. (NASDAQ:SKHY) in the third quarter, HoldingsChannel reports. The fund bought 9,166 shares of the memory chip maker’s stock, valued at approximately $1,688,000. SK hynix accounts for 1.2% of FDx Advisors Inc.’s portfolio, making the stock its 22nd largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Yarbrough Capital LLC purchased a new stake in SK hynix in the third quarter valued at approximately $5,934,000. Capstone Capital Management Ltd acquired a new stake in shares of SK hynix in the third quarter valued at approximately $1,473,000. Prime Capital Investment Advisors LLC purchased a new position in shares of SK hynix during the third quarter worth approximately $6,777,000. Lancaster Investment Management purchased a new position in shares of SK hynix during the third quarter worth approximately $34,103,000. Finally, DUTCH ASSET Corp acquired a new position in shares of SK hynix in the 3rd quarter valued at $2,066,000.

SK hynix Trading Up 9.7%

Shares of SKHY stock opened at $142.25 on Thursday. The company has a 50 day moving average of $165.19. SK hynix Inc. has a twelve month low of $122.20 and a twelve month high of $199.87. The stock has a market cap of $1.04 trillion and a P/E ratio of 11.26. 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 (NASDAQ:SKHY) last released its 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 analyst estimates of $66.41 billion. As a group, equities analysts predict that SK hynix Inc. will post 25.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on SKHY. UBS Group assumed coverage on shares of SK hynix in a research report on Wednesday, July 29th. They issued a “buy” rating and a $204.00 price target for the company. Cantor Fitzgerald lowered their price objective on shares of SK hynix from $300.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, October 26th. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of SK hynix in a research note on Wednesday, October 28th. Wolfe Research restated an “outperform” rating on shares of SK hynix in a research note on Wednesday, October 28th. Finally, William Blair reaffirmed an “outperform” rating and issued a $154.00 target price on shares of SK hynix in a report on Friday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $247.80.

SK hynix Profile

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.