SK hynix (NASDAQ:SKHY) Shares Gap Up – Should You Buy?

Shares of SK hynix Inc. (NASDAQ:SKHY) gapped up prior to trading on Monday . The stock had previously closed at $154.03, but opened at $163.42. SK hynix shares last traded at $157.9990, with a volume of 9,294,348 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Singular Research raised SK hynix to a “strong-buy” rating in a report on Friday, July 10th. Barclays began coverage on shares of SK hynix in a research report on Tuesday, July 14th. They set an “overweight” rating and a $330.00 price target for the company. Finally, Wall Street Zen upgraded shares of SK hynix to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, SK hynix currently has a consensus rating of “Strong Buy” and an average price target of $330.00.

SK hynix Stock Up 0.4%

SK hynix Company Profile

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.