SK hynix (NASDAQ:SKHY) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of SK hynix (NASDAQ:SKHY) in a research report released on Thursday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $245.00 price objective on the memory chip maker’s stock.

A number of other brokerages also recently issued reports on SKHY. Zacks Research raised shares of SK hynix to a “hold” rating in a report on Friday, July 24th. Cantor Fitzgerald started coverage on shares of SK hynix in a report on Tuesday, August 4th. They issued an “overweight” rating and a $300.00 price objective for the company. Stifel Nicolaus began coverage on shares of SK hynix in a research report on Tuesday, August 4th. They issued a “buy” rating and a $240.00 price objective for the company. Barclays lowered their target price on shares of SK hynix from $330.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded SK hynix to a “strong-buy” rating in a research report on Saturday, July 18th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, SK hynix has a consensus rating of “Buy” and an average price target of $247.67.

SK hynix Stock Up 0.9%

SK hynix stock opened at $190.07 on Thursday. The business’s 50-day moving average is $160.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.59. The firm has a market capitalization of $1.39 trillion and a price-to-earnings ratio of 21.70. SK hynix has a 52 week low of $124.80 and a 52 week high of $199.87.

SK hynix (NASDAQ:SKHY) last announced its quarterly earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 earnings per share (EPS) for the quarter. The company had revenue of $51.19 billion during the quarter. Equities analysts expect that SK hynix will post 25.61 EPS for the current year.

More SK hynix News

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

• Positive Sentiment: JPMorgan began coverage of SK hynix with an Overweight rating and a $245 price target, implying substantial upside from recent levels. The call reflects confidence in the company’s position in the high-bandwidth memory market and AI-related demand. Memory Stocks Slide as Rates and Oil Swamp JPMorgan’s Overweight Call
• Neutral Sentiment: Reported short-interest data showed zero shares sold short and a zero-day days-to-cover ratio, but the figures also included an undefined percentage change and appear unreliable. They provide little useful indication of near-term trading pressure.
• Negative Sentiment: Memory stocks sold off broadly after higher oil prices revived concerns about inflation and interest rates. Rising yields can weigh on high-growth technology valuations, while SK hynix’s high-beta profile amplified the market pressure. Why are Micron, SanDisk, SK Hynix and other memory stocks falling?
• Negative Sentiment: DeepSeek introduced AI technology reportedly designed to use less memory, raising concerns that more efficient AI systems could reduce growth expectations for memory-chip demand. SK hynix and Samsung shares weakened, while Micron and SanDisk were more resilient. SK Hynix, Samsung Shares Dip In Korea After DeepSeek Debuts AI Tech That Uses Less Memory
• Negative Sentiment: The stock’s decline despite JPMorgan’s bullish target highlights that broader macroeconomic concerns and sector-wide selling are currently outweighing the positive analyst outlook. SK Hynix Stock Drops 5% the Same Day JPMorgan Says Buy It

About SK hynix

SK hynix Inc is a South Korean semiconductor manufacturer that develops and produces memory products for data centers, artificial intelligence systems, personal computers, mobile devices, automotive applications and other technology markets. Its portfolio includes dynamic random-access memory (DRAM), high-bandwidth memory (HBM), NAND flash memory, solid-state drives and related semiconductor solutions.

The company was established in 1983 as Hyundai Electronic Industrial Co and later operated under the name Hynix Semiconductor before becoming SK hynix following its acquisition by SK Telecom in 2012.