SK hynix Inc. (SKHY) – What Are Investment Firms Thinking About This Stock?

SK hynix Inc. (NASDAQ:SKHY) has received a consensus recommendation of “Buy” from the sixteen analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and four have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $247.80.

A number of brokerages have weighed in on SKHY. Wells Fargo & Company reiterated a “buy” rating on shares of SK hynix in a report on Wednesday, October 28th. William Blair reissued an “outperform” rating and set a $154.00 price objective on shares of SK hynix in a research note on Friday, October 30th. UBS Group assumed coverage on SK hynix in a report on Wednesday, July 29th. They set a “buy” rating and a $204.00 price objective for the company. Stifel Nicolaus assumed coverage on SK hynix in a research report on Tuesday, August 4th. They issued a “buy” rating and a $240.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on SK hynix in a report on Thursday, September 10th. They issued an “overweight” rating and a $245.00 target price on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SKHY. Yarbrough Capital LLC purchased a new position in shares of SK hynix in the 3rd quarter valued at $5,934,000. Prime Capital Investment Advisors LLC purchased a new stake in SK hynix during the 3rd quarter worth $6,777,000. Capstone Capital Management Ltd purchased a new stake in SK hynix during the 3rd quarter worth $1,473,000. Lancaster Investment Management purchased a new stake in SK hynix during the 3rd quarter worth $34,103,000. Finally, DUTCH ASSET Corp acquired a new stake in SK hynix in the 3rd quarter valued at $2,066,000.

SK hynix Stock Performance

SKHY opened at $142.25 on Thursday. The business has a 50 day moving average of $165.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.59 and a quick ratio of 2.29. SK hynix has a 1 year low of $122.20 and a 1 year high of $199.87. The firm has a market capitalization of $1.04 trillion and a PE ratio of 11.26.

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 company had revenue of $73.86 billion for the quarter, compared to analysts’ expectations of $66.41 billion. As a group, sell-side analysts expect that SK hynix will post 25.24 earnings per share for the current fiscal year.

SK hynix Company 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.