6,535 Shares in SK hynix Inc. $SKHY Bought by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. bought a new position in SK hynix Inc. (NASDAQ:SKHY) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,535 shares of the memory chip maker’s stock, valued at approximately $1,203,000.

Several other institutional investors and hedge funds have also made changes to their positions in SKHY. Lancaster Investment Management purchased a new stake in shares of SK hynix in the third quarter valued at approximately $34,103,000. Asset Management One Co. Ltd. purchased a new position in SK hynix during the third quarter worth approximately $21,554,000. Prime Capital Investment Advisors LLC purchased a new position in SK hynix during the third quarter worth approximately $6,777,000. M & L Capital Management Ltd acquired a new position in SK hynix during the third quarter worth $6,105,000. Finally, Yarbrough Capital LLC acquired a new position in SK hynix during the third quarter worth $5,934,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wall Street Zen upgraded SK hynix to a “strong-buy” rating in a report on Saturday, July 18th. Barclays reduced their price target on SK hynix from $330.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Rosenblatt Securities boosted their price target on shares of SK hynix from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group initiated coverage on shares of SK hynix in a report on Wednesday, July 29th. They issued a “buy” rating and a $204.00 price objective for the company. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of SK hynix in a report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $258.22.

Trending Headlines about SK hynix

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

• Positive Sentiment: Record earnings exceeded expectations: Third-quarter revenue reached 104.6 trillion won, while operating profit surged 632.1% year over year. Strong pricing for DRAM, NAND and high-bandwidth memory (HBM), including HBM4, drove substantial margin expansion and profit growth. SK Hynix third-quarter profit sharply beats estimates on AI memory boost
• Positive Sentiment: AI memory demand remains exceptionally strong: Management indicated that DRAM and HBM capacity is effectively sold out through 2029, with supply expected to remain below demand into 2030. Long-term agreements already cover more than half of planned 2027–2028 capacity, improving visibility into future revenue and pricing. SK Hynix Says Memory Is Sold Out Through 2029
• Positive Sentiment: Shareholder returns could support valuation: SK hynix outlined a shareholder-return plan totaling approximately 100 trillion won, including dividends and share cancellations. The CFO also said the stock is undervalued, reinforcing the bullish interpretation of the company’s cash-generation outlook. SK Hynix Stock Is Undervalued, CFO Says
• Positive Sentiment: Analyst and sector optimism broadened: RBC reaffirmed an Outperform rating, while Rosenblatt raised its price target. Commentators said SK hynix’s results support a broader rally in AI and memory stocks, including Micron, and suggest that data-center demand remains resilient despite skepticism about AI infrastructure spending. Jim Cramer sees major implications from SK Hynix’s home-run quarter

SK hynix Stock Performance

Shares of SK hynix stock opened at $164.70 on Thursday. The stock has a 50 day simple moving average of $169.05. The company has a quick ratio of 2.29, a current ratio of 2.59 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.20 trillion and a price-to-earnings ratio of 13.04. SK hynix Inc. has a fifty-two week low of $124.80 and a fifty-two week high of $199.87.

SK hynix (NASDAQ:SKHY) last posted its earnings results on Wednesday, October 28th. The memory chip maker reported $3.84 EPS for the quarter, missing analysts’ consensus estimates of $5.96 by ($2.12). Analysts forecast that SK hynix Inc. will post 25.69 EPS for the current year.

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.