SK hynix (NASDAQ:SKHY) Shares Gap Up – Here’s What Happened

SK hynix Inc. (NASDAQ:SKHY) gapped up before the market opened on Monday . The stock had previously closed at $154.03, but opened at $163.42. SK hynix shares last traded at $157.9990, with a volume of 9,294,348 shares traded.

Analyst Ratings Changes

Several brokerages have weighed in on SKHY. Barclays initiated coverage on shares of SK hynix in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $330.00 target price for the company. Singular Research upgraded SK hynix to a “strong-buy” rating in a report on Friday, July 10th. Finally, Wall Street Zen raised SK hynix to a “strong-buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of $330.00.

SK hynix Trading Up 0.4%

About SK hynix

SK hynix Inc is a South Korea-based semiconductor company that develops, manufactures, and sells memory products used in a wide range of electronic devices and computing systems. Its portfolio includes DRAM, NAND flash, and other memory solutions that support applications such as servers, PCs, mobile devices, and consumer electronics.

The company serves customers globally through the semiconductor supply chain and is recognized as one of the major memory chip producers in the industry.