9,166 Shares in SK hynix Inc. $SKHY Purchased by FDx Advisors Inc.

FDx Advisors Inc. purchased a new position in shares of SK hynix Inc. (NASDAQ:SKHY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,166 shares of the memory chip maker’s stock, valued at approximately $1,688,000. SK hynix makes up 1.2% of FDx Advisors Inc.’s portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA acquired a new stake in shares of SK hynix in the 3rd quarter valued at $69,830,000. Brooklands Fund Management Ltd purchased a new stake in shares of SK hynix during the 3rd quarter worth $46,145,000. Lancaster Investment Management purchased a new stake in shares of SK hynix during the 3rd quarter worth $34,103,000. Asset Management One Co. Ltd. acquired a new position in shares of SK hynix during the third quarter worth $21,554,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SK hynix during the third quarter worth $18,543,000.

SK hynix Trading Up 9.7%

SKHY stock opened at $142.25 on Thursday. The firm has a market capitalization of $1.04 trillion and a PE ratio of 11.26. 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 Inc. has a twelve month low of $122.20 and a twelve month high of $199.87. The business’s 50 day moving average is $165.19.

SK hynix (NASDAQ:SKHY) last issued its earnings results 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 firm had revenue of $73.86 billion for the quarter, compared to analyst estimates of $66.41 billion. On average, equities research analysts predict that SK hynix Inc. will post 25.24 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. William Blair reissued an “outperform” rating and issued a $154.00 target price on shares of SK hynix in a report on Friday, October 30th. JPMorgan Chase & Co. assumed coverage on SK hynix in a report on Thursday, September 10th. They set an “overweight” rating and a $245.00 price target for the company. Rosenblatt Securities upped their price objective on SK hynix from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Citigroup raised SK hynix to a “strong-buy” rating in a research report on Wednesday, September 2nd. Finally, Stifel Nicolaus began coverage on SK hynix in a report on Tuesday, August 4th. They issued a “buy” rating and a $240.00 price objective on the stock. Four investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $247.80.

About SK hynix

SK hynix is a South Korean semiconductor company that develops and manufactures memory products for use in computers, mobile devices, data centers and other electronics. Its principal products include dynamic random-access memory (DRAM), NAND flash memory and high-bandwidth memory (HBM), as well as complementary metal-oxide-semiconductor (CMOS) image sensors. The company’s memory products support applications ranging from personal computing and smartphones to servers, artificial intelligence systems and automotive electronics.