100,695 Shares of SK hynix Inc. $SKHY Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in SK hynix Inc. (NASDAQ:SKHY) during the 3rd quarter, Holdings Channel reports. The fund purchased 100,695 shares of the memory chip maker’s stock, valued at approximately $18,543,000.

Other large investors have also modified their holdings of the company. Ramsey Quantitative Systems purchased a new position in shares of SK hynix during the 3rd quarter worth approximately $30,000. Financial Management Professionals Inc. acquired a new position in shares of SK hynix during the 3rd quarter worth approximately $129,000. Albion Financial Group UT purchased a new stake in SK hynix in the 3rd quarter valued at approximately $184,000. Boyd Wealth Management LLC purchased a new stake in SK hynix in the 3rd quarter valued at approximately $238,000. Finally, Leslie Global Wealth LLC acquired a new stake in SK hynix during the 3rd quarter valued at $243,000.

Wall Street Analysts Forecast Growth

SKHY has been the subject of several recent research reports. Wedbush raised SK hynix to a “strong-buy” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of SK hynix in a research report on Wednesday, October 28th. Needham & Company LLC upped their price objective on SK hynix from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Singular Research raised SK hynix to a “strong-buy” rating in a research note on Friday, July 10th. Finally, Zacks Research upgraded SK hynix to a “hold” rating in a research report on Friday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $247.80.

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

SK hynix Price Performance

NASDAQ:SKHY opened at $150.79 on Wednesday. The firm 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. The firm has a market capitalization of $1.10 trillion and a price-to-earnings ratio of 11.94. SK hynix Inc. has a 1-year low of $124.80 and a 1-year high of $199.87.

SK hynix (NASDAQ:SKHY) last announced its earnings results on Wednesday, October 28th. The memory chip maker reported $3.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.96 by ($2.12). The company had revenue of $73.86 billion for the quarter, compared to analysts’ expectations of $66.41 billion. As a group, sell-side analysts expect that SK hynix Inc. will post 25.24 earnings per share for the current fiscal year.

SK hynix Company Profile

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.