SK hynix Inc. (NASDAQ:SKHY) Given Average Recommendation of “Buy” by Brokerages

Shares of SK hynix Inc. (NASDAQ:SKHY) have been given an average recommendation of “Buy” by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $248.00.

SKHY has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on shares of SK hynix in a research report on Tuesday, August 4th. They set an “overweight” rating and a $300.00 target price on the stock. Wedbush upgraded shares of SK hynix to a “strong-buy” rating in a research report on Tuesday, August 4th. Wolfe Research initiated coverage on shares of SK hynix in a research note on Tuesday, August 4th. They set an “outperform” rating and a $200.00 price target for the company. Singular Research raised shares of SK hynix to a “strong-buy” rating in a research report on Friday, July 10th. Finally, William Blair initiated coverage on shares of SK hynix in a research note on Tuesday, August 4th. They issued an “outperform” rating on the stock.

SK hynix Trading Up 2.6%

SK hynix stock opened at $164.98 on Friday. SK hynix has a fifty-two week low of $124.80 and a fifty-two week high of $194.80.

SK hynix (NASDAQ:SKHY) last released its quarterly earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 earnings per share (EPS) for the quarter. The firm had revenue of $51.19 billion for the quarter. As a group, equities analysts anticipate that SK hynix will post 25.48 EPS for the current fiscal year.

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.