SK hynix (NASDAQ:SKHY) Sets New 52-Week Low – Time to Sell?

Shares of SK hynix Inc. (NASDAQ:SKHY) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $144.60 and last traded at $146.76, with a volume of 13341854 shares. The stock had previously closed at $154.57.

Analysts Set New Price Targets

Several analysts have weighed in on SKHY shares. Wall Street Zen raised SK hynix to a “strong-buy” rating in a research note on Saturday, July 18th. Singular Research raised SK hynix to a “strong-buy” rating in a research note on Friday, July 10th. Finally, Barclays started coverage on SK hynix in a report on Tuesday, July 14th. They set an “overweight” rating and a $330.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus price target of $330.00.

SK hynix Stock Performance

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.