Yousif Capital Management LLC purchased a new stake in shares of SK hynix Inc. (NASDAQ:SKHY – Free Report) in the 3rd quarter, Holdings Channel reports. The fund purchased 6,201 shares of the memory chip maker’s stock, valued at approximately $1,142,000.
Several other institutional investors have also recently made changes to their positions in the business. Yarbrough Capital LLC purchased a new position in shares of SK hynix in the third quarter worth approximately $5,934,000. Lancaster Investment Management purchased a new stake in SK hynix during the third quarter valued at approximately $34,103,000. Prime Capital Investment Advisors LLC purchased a new stake in SK hynix during the third quarter valued at approximately $6,777,000. Capstone Capital Management Ltd bought a new position in SK hynix in the third quarter worth approximately $1,473,000. Finally, DUTCH ASSET Corp bought a new position in SK hynix in the third quarter worth approximately $2,066,000.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on SKHY shares. Rosenblatt Securities lifted their price target on shares of SK hynix from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC upped their price objective on SK hynix from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of SK hynix in a report on Wednesday. William Blair reiterated an “outperform” rating and set a $154.00 target price on shares of SK hynix in a research report on Friday. Finally, Cantor Fitzgerald cut their price target on SK hynix from $300.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, October 26th. Four analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, SK hynix currently has a consensus rating of “Buy” and a consensus price target of $247.80.
View Our Latest Research Report on SK hynix
More SK hynix News
Here are the key news stories impacting SK hynix this week:
- Positive Sentiment: SK hynix reported exceptionally strong third-quarter results, supported by rising DRAM and NAND average selling prices, expanding margins and surging artificial-intelligence-related demand. Analysts characterized the quarter as a potential turning point for the broader memory industry. SK hynix: A Bargain For The Ages (Earnings Analysis)
- Positive Sentiment: Management indicated that available memory capacity is effectively sold out through 2029, reflecting sustained demand from AI infrastructure and data-center customers. The company is also accelerating HBM4 production and expanding capacity. SK Hynix Just Delivered Fantastic News for Micron
- Positive Sentiment: Long-term agreements reportedly cover more than half of planned 2027–2028 capacity, improving revenue visibility and reducing exposure to the memory industry’s usual cyclicality. Strong cash generation, shareholder returns and a net-cash position further support the investment case. SK hynix: Despite Their Premium To The Korean Shares, The U.S. ADRs Are A Bargain
- Positive Sentiment: RBC reaffirmed an Outperform rating, while Rosenblatt raised its price target. Other coverage continues to describe SKHY as undervalued relative to peers despite its superior growth and profitability. Royal Bank Of Canada Reaffirms Outperform Rating
- Neutral Sentiment: SK hynix denied reports of a confirmed plan for a major U.S. NAND plant by its Solidigm subsidiary, limiting speculation about additional capital spending. SK hynix Denies Confirmed Plan for Massive U.S. NAND Plant
- Negative Sentiment: The immediate catalyst for the decline is a broad technology sell-off following disappointing Amazon and Intel results. Weakness in Samsung, Micron and SanDisk has amplified pressure across the memory-chip sector, while some investors are questioning whether SKHY’s strong outlook is already reflected in its valuation. Why are Micron, SK Hynix, and SanDisk stocks falling on Friday?
SK hynix Trading Down 7.9%
SK hynix stock opened at $149.21 on Friday. The business has a 50 day moving average price of $168.89. The stock has a market cap of $1.09 trillion and a price-to-earnings ratio of 11.81. SK hynix Inc. has a 12-month low of $124.80 and a 12-month high of $199.87. The company has a quick ratio of 2.29, a current ratio of 2.59 and a debt-to-equity ratio of 0.06.
SK hynix (NASDAQ:SKHY – Get Free Report) last released its earnings results on Wednesday, October 28th. The memory chip maker reported $3.84 EPS for the quarter, missing analysts’ consensus estimates of $5.96 by ($2.12). The business had revenue of $73.86 billion for the quarter, compared to the consensus estimate of $66.41 billion. On average, analysts predict that SK hynix Inc. will post 25.28 EPS for the current year.
About SK hynix
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.
Recommended Stories
- Five stocks we like better than SK hynix
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Want to see what other hedge funds are holding SKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SK hynix Inc. (NASDAQ:SKHY – Free Report).
Receive News & Ratings for SK hynix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK hynix and related companies with MarketBeat.com's FREE daily email newsletter.
