SK hynix Inc.’s (NASDAQ:SKHY) Quiet Period To End on August 19th

SK hynix’s (NASDAQ:SKHYGet Free Report) quiet period is set to expire on Wednesday, August 19th. SK hynix had issued 177,900,000 shares in its initial public offering on July 10th. The total size of the offering was $26,507,100,000 based on an initial share price of $149.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

SKHY has been the subject of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of SK hynix in a report on Tuesday, August 4th. They issued an “outperform” rating and a $200.00 price objective for the company. Wolfe Research initiated coverage on SK hynix in a report on Tuesday, August 4th. They issued an “outperform” rating and a $200.00 target price for the company. Needham & Company LLC began coverage on SK hynix in a research note on Tuesday, August 4th. They issued a “buy” rating and a $200.00 price target for the company. UBS Group started coverage on SK hynix in a report on Wednesday, July 29th. They set a “buy” rating and a $204.00 price target on the stock. Finally, Wedbush raised SK hynix to a “strong-buy” rating in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $245.50.

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SK hynix Trading Up 7.3%

SKHY opened at $165.67 on Friday. SK hynix has a 1-year low of $124.80 and a 1-year high of $194.80.

SK hynix (NASDAQ:SKHYGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The memory chip maker reported $8.76 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $3.64. The company had revenue of $52.83 billion during the quarter, compared to analysts’ expectations of $59.05 billion. Equities analysts anticipate that SK hynix will post 25.48 earnings per share for the current year.

Key Headlines Impacting SK hynix

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SK hynix Company Profile

(Get Free Report)

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.

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