SK hynix Inc. $SKHY Shares Newly Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC purchased a new position in SK hynix Inc. (NASDAQ:SKHY) during the 3rd quarter, HoldingsChannel reports. The firm purchased 45,032 shares of the memory chip maker’s stock, valued at approximately $8,293,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SKHY. Brooklands Fund Management Ltd bought a new position in shares of SK hynix during the 3rd quarter valued at about $46,145,000. Lancaster Investment Management acquired a new position in shares of SK hynix in the 3rd quarter worth approximately $34,103,000. Asset Management One Co. Ltd. acquired a new position in shares of SK hynix in the 3rd quarter worth approximately $21,554,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of SK hynix in the 3rd quarter worth approximately $18,543,000. Finally, Hillman Co. bought a new stake in shares of SK hynix in the 3rd quarter worth approximately $11,530,000.

Analyst Ratings Changes

Several analysts recently commented on SKHY shares. Needham & Company LLC increased their target price on shares of SK hynix from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Stifel Nicolaus initiated coverage on shares of SK hynix in a research report on Tuesday, August 4th. They issued a “buy” rating and a $240.00 price target on the stock. Wall Street Zen raised SK hynix to a “strong-buy” rating in a report on Saturday, July 18th. Citigroup upgraded SK hynix to a “strong-buy” rating in a research report on Wednesday, September 2nd. Finally, Wolfe Research reissued an “outperform” rating on shares of SK hynix in a research note on Wednesday, October 28th. Four analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $247.80.

SK hynix News Roundup

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

• Positive Sentiment: AI infrastructure spending continues to support demand for memory chips, with one report saying supply remains insufficient to meet needs. That outlook could benefit SK hynix’s memory business if demand stays strong. SK Hynix Just Announced Huge News for Micron Shareholders
• Neutral Sentiment: South Korean semiconductor exports jumped 93.7% in October, signaling robust industry demand. However, the report also noted bearish trading activity weighing on South Korean equities, so strong export figures have not translated into uniformly positive investor sentiment. South Korea’s Chip Exports Are Soaring—So Why Is This ETF Down 20?
• Negative Sentiment: A Wall Street sell-off in AI and technology stocks spread to Asia, pressuring SK hynix and other regional technology names. Reports cited investor concern about the cost of financing the AI build-out, while a separate account described continued selling in memory stocks as investors reduced exposure to AI-linked chipmakers. AI stock bloodbath hits Asia as Samsung, SK Hynix and SoftBank plunge Nasdaq sell-off batters Asian chip stocks
• Negative Sentiment: Qualcomm’s reported 26% handset-related plunge added to concerns about mobile demand and intensified the memory-chip sell-off, creating a potential headwind beyond AI-related demand. SK hynix Sinks 9% as Qualcomm’s 26% Handset Plunge Deepens Memory Chip Rout
• Negative Sentiment: Analyst concerns about SK hynix missing out on a U.S. plant and a reported delay in export approval for equipment bound for its China NAND facility raise questions about investment plans and execution. SK Hynix losing out on US plant has major implications, Wedbush says Why SK Hynix Plunged Today

SK hynix Stock Up 2.8%

Shares of NASDAQ:SKHY traded up $3.44 during trading on Friday, reaching $127.34. The stock had a trading volume of 27,836,290 shares, compared to its average volume of 23,163,340. The firm’s fifty day moving average is $166.79. 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 Inc. has a 52 week low of $122.20 and a 52 week high of $199.87. The stock has a market capitalization of $930.21 billion and a price-to-earnings ratio of 10.08.

SK hynix (NASDAQ:SKHY) last posted its quarterly earnings data on Wednesday, October 28th. The memory chip maker reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.96 by ($2.12). The company had revenue of $73.86 billion for the quarter, compared to analyst estimates of $66.41 billion. On average, analysts forecast that SK hynix Inc. will post 25.24 EPS for the current year.

About SK hynix

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.