SK hynix Inc. $SKHY Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of SK hynix Inc. (NASDAQ:SKHY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,695 shares of the memory chip maker’s stock, valued at approximately $18,543,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. acquired a new position in SK hynix during the 3rd quarter worth approximately $895,000. MGO One Seven LLC acquired a new stake in shares of SK hynix in the 3rd quarter valued at approximately $498,000. Aprio Wealth Management LLC purchased a new stake in shares of SK hynix in the third quarter valued at approximately $896,000. Fusion Capital LLC purchased a new stake in shares of SK hynix in the third quarter valued at approximately $499,000. Finally, Left Brain Wealth Management LLC acquired a new position in SK hynix during the third quarter worth $374,000.

SK hynix Price Performance

SKHY opened at $150.79 on Wednesday. SK hynix Inc. has a 1-year low of $124.80 and a 1-year high of $199.87. The firm has a market cap of $1.10 trillion and a PE ratio of 11.94. The stock has a 50 day moving average price of $168.49. The company has a current ratio of 2.59, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06.

SK hynix (NASDAQ:SKHY) last issued 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 during the quarter, compared to analysts’ expectations of $66.41 billion. Research analysts expect that SK hynix Inc. will post 25.24 EPS for the current fiscal year.

SK hynix News Summary

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

• Positive Sentiment: Memory stocks, including SK hynix, rebounded as investors returned to semiconductor shares and lower oil prices supported risk appetite. Article: Why are Micron, SK Hynix, and SanDisk stocks rising on Tuesday?
• Positive Sentiment: SK hynix has reported record third-quarter revenue and secured longer-term AI customer contracts. Company commentary that memory demand could exceed supply through 2030 bolsters the outlook for sales and pricing. Article: SK hynix Says Memory Demand Beats Supply Through 2030
• Positive Sentiment: An earnings analysis points to strong memory demand, citing inventory turnover at a three-year high and sharply higher receivables. It argues that increased capital spending is supported by cash generation and the company’s cash position. Article: SK hynix Q3 Earnings: Inventory Doesn’t Lie And Points To Continued Cycle
• Neutral Sentiment: A report says the U.S. Commerce Department is holding up plans involving Chinese equipment. The implications for SK hynix’s operations or equipment access are not clear from the report. Article: SK Hynix in spotlight as Commerce Dept. holds up Chinese equipment plans
• Negative Sentiment: Earlier concerns about Oracle’s plan to raise $20 billion revived fears that the cost of funding AI expansion could pressure the sector, contributing to a sharp drop in SK hynix shares in Seoul before the subsequent rebound. Article: Samsung and SK Hynix stocks plunge as a $20 billion AI shock rattles markets

Analyst Ratings Changes

Several research firms have issued reports on SKHY. Citigroup upgraded SK hynix to a “strong-buy” rating in a research report on Wednesday, September 2nd. Stifel Nicolaus initiated coverage on shares of SK hynix in a research report on Tuesday, August 4th. They set a “buy” rating and a $240.00 target price on the stock. William Blair reaffirmed an “outperform” rating and set a $154.00 price target on shares of SK hynix in a research note on Friday. Needham & Company LLC increased their price target on shares of SK hynix from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, Wolfe Research reiterated an “outperform” rating on shares of SK hynix in a research note on Wednesday, October 28th. Four research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $247.80.

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.