SK hynix Inc. $SKHY Shares Newly Bought by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. purchased a new stake in SK hynix Inc. (NASDAQ:SKHY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 53,984 shares of the memory chip maker’s stock, valued at approximately $9,941,000.

Several other large investors have also recently made changes to their positions in the stock. Yarbrough Capital LLC acquired a new stake in SK hynix in the 3rd quarter valued at approximately $5,934,000. Capstone Capital Management Ltd acquired a new position in SK hynix during the third quarter worth $1,473,000. Lancaster Investment Management acquired a new position in SK hynix during the third quarter worth $34,103,000. Prime Capital Investment Advisors LLC acquired a new position in SK hynix during the third quarter worth $6,777,000. Finally, DUTCH ASSET Corp purchased a new position in shares of SK hynix during the third quarter worth $2,066,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SKHY shares. William Blair reaffirmed an “outperform” rating and issued a $154.00 price objective on shares of SK hynix in a research note on Friday, October 30th. Wall Street Zen upgraded SK hynix to a “strong-buy” rating in a report on Saturday, July 18th. Stifel Nicolaus initiated coverage on SK hynix in a research note on Tuesday, August 4th. They set a “buy” rating and a $240.00 target price on the stock. Citigroup upgraded SK hynix to a “strong-buy” rating in a report on Wednesday, September 2nd. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of SK hynix in a research report on Wednesday, October 28th. Four research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $247.80.

SK hynix Stock Down 4.3%

SK hynix stock traded down $5.92 during mid-day trading on Friday, reaching $131.79. 16,266,352 shares of the company’s stock were exchanged, compared to its average volume of 24,158,156. 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 firm has a market capitalization of $962.72 billion and a P/E ratio of 8.00. The stock’s fifty day simple moving average is $164.00.

SK hynix (NASDAQ:SKHY) last posted its quarterly earnings results on Wednesday, October 28th. The memory chip maker reported $3.84 EPS for the quarter, missing the consensus estimate of $5.96 by ($2.12). The business had revenue of $73.86 billion for the quarter, compared to analyst estimates of $66.41 billion. Equities research analysts expect that SK hynix Inc. will post 25.24 earnings per share for the current fiscal year.

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.