SBI Securities Co. Ltd. Buys New Position in SK hynix Inc. $SKHY

SBI Securities Co. Ltd. bought a new stake in SK hynix Inc. (NASDAQ:SKHY) in the third quarter, HoldingsChannel reports. The firm bought 22,881 shares of the memory chip maker’s stock, valued at approximately $4,214,000.

Several other hedge funds also recently made changes to their positions in SKHY. Albion Financial Group UT bought a new stake in shares of SK hynix during the third quarter valued at approximately $184,000. Boyd Wealth Management LLC bought a new position in SK hynix in the third quarter worth $238,000. Petredis Investment Advisors LLC bought a new position in SK hynix in the third quarter worth $254,000. Piedmont Capital Management LLC NC bought a new position in SK hynix in the third quarter worth $296,000. Finally, Eagle Rock Investment Company LLC purchased a new position in SK hynix during the third quarter valued at $302,000.

Analysts Set New Price Targets

SKHY has been the subject of several recent research reports. Singular Research raised SK hynix to a “strong-buy” rating in a research report on Friday, July 10th. William Blair assumed coverage on shares of SK hynix in a research report on Tuesday, August 4th. They issued an “outperform” rating on the stock. Needham & Company LLC increased their price target on shares of SK hynix from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Barclays lowered their price target on shares of SK hynix from $330.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Finally, Zacks Research raised shares of SK hynix to a “hold” rating in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $253.22.

SK hynix Trading Down 8.1%

Shares of NASDAQ SKHY opened at $131.69 on Friday. The business has a 50 day moving average price of $170.66. SK hynix Inc. has a 52-week low of $124.80 and a 52-week high of $199.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.59.

SK hynix (NASDAQ:SKHY) last posted its quarterly earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 EPS for the quarter. The firm had revenue of $51.19 billion for the quarter. As a group, research analysts expect that SK hynix Inc. will post 25.69 earnings per share for the current year.

SK hynix News Roundup

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

• Positive Sentiment: South Korea reported a 222.5% year-over-year increase in semiconductor exports, reinforcing evidence that memory-chip demand remains strong after the sector’s recent sell-off. SK hynix shares had previously rallied alongside Samsung on the data. South Korean semiconductor exports article
• Positive Sentiment: Investors expect another strong quarter when SK hynix reports on October 28. Industry results from Micron and rising memory prices support forecasts for roughly KRW 98.5 trillion in revenue and a 78% operating margin, with some estimates above KRW 100 trillion. SK hynix Q3 expectations article
• Neutral Sentiment: SK hynix and Samsung are reportedly upgrading Chinese facilities to produce more advanced NAND chips. The move could support local supply and competitiveness, but operations remain exposed to U.S. export restrictions and China-related geopolitical risk. China memory plant upgrades article
• Neutral Sentiment: Invesco’s new QQI international-growth ETF includes exposure to SK hynix, potentially improving visibility and demand for the shares, although the fund is unlikely to be a major short-term catalyst. Invesco QQI ETF article
• Negative Sentiment: SK hynix halted plans for a pre-IPO and IPO of its U.S. subsidiary Solidigm. The decision removes a potential near-term funding or valuation catalyst and may signal less favorable market conditions for the NAND business. Solidigm IPO plans article
• Negative Sentiment: Chinese rival CXMT says it has advanced a denser DRAM design and plans to ship server memory by year-end. If successful, increased competition could pressure SK hynix’s pricing, margins and market share over time. CXMT DRAM competition article

SK hynix Profile

SK hynix Inc is a South Korean semiconductor company that develops and manufactures memory products and related semiconductor solutions. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives, and high-bandwidth memory (HBM) used in computing, artificial intelligence, data centers, smartphones, automotive systems, and other electronic devices.

The company serves customers globally through manufacturing, research, sales, and support operations in South Korea and other major technology markets.