SBI Securities Co. Ltd. Makes New Investment in SK hynix Inc. $SKHY

SBI Securities Co. Ltd. purchased a new position in SK hynix Inc. (NASDAQ:SKHY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,881 shares of the memory chip maker’s stock, valued at approximately $4,214,000.

Several other hedge funds have also added to or reduced their stakes in the business. Eagle Rock Investment Company LLC purchased a new position in shares of SK hynix in the third quarter worth about $302,000. Piedmont Capital Management LLC NC bought a new stake in shares of SK hynix in the 3rd quarter valued at about $296,000. Axxcess Wealth Management LLC purchased a new stake in SK hynix during the 3rd quarter valued at about $707,000. Albion Financial Group UT purchased a new stake in SK hynix during the 3rd quarter valued at about $184,000. Finally, City State Bank purchased a new stake in SK hynix during the 3rd quarter valued at about $613,000.

SK hynix Price Performance

Shares of SK hynix stock opened at $131.69 on Friday. 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’s fifty day moving average is $170.66. SK hynix Inc. has a 12-month low of $124.80 and a 12-month high of $199.87.

SK hynix (NASDAQ:SKHY) last issued its quarterly earnings data on Tuesday, August 18th. The memory chip maker reported $8.48 EPS for the quarter. The company had revenue of $51.19 billion during the quarter. On average, equities analysts expect that SK hynix Inc. will post 25.69 earnings per share for the current fiscal year.

Key Stories Impacting SK hynix

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

• Positive Sentiment: South Korea reported a 222.5% year-over-year increase in semiconductor exports, reinforcing evidence that memory-chip demand remains strong after the sector’s recent sell-off. SK hynix shares had previously rallied alongside Samsung on the data. South Korean semiconductor exports article
• Positive Sentiment: Investors expect another strong quarter when SK hynix reports on October 28. Industry results from Micron and rising memory prices support forecasts for roughly KRW 98.5 trillion in revenue and a 78% operating margin, with some estimates above KRW 100 trillion. SK hynix Q3 expectations article
• Neutral Sentiment: SK hynix and Samsung are reportedly upgrading Chinese facilities to produce more advanced NAND chips. The move could support local supply and competitiveness, but operations remain exposed to U.S. export restrictions and China-related geopolitical risk. China memory plant upgrades article
• Neutral Sentiment: Invesco’s new QQI international-growth ETF includes exposure to SK hynix, potentially improving visibility and demand for the shares, although the fund is unlikely to be a major short-term catalyst. Invesco QQI ETF article
• Negative Sentiment: SK hynix halted plans for a pre-IPO and IPO of its U.S. subsidiary Solidigm. The decision removes a potential near-term funding or valuation catalyst and may signal less favorable market conditions for the NAND business. Solidigm IPO plans article
• Negative Sentiment: Chinese rival CXMT says it has advanced a denser DRAM design and plans to ship server memory by year-end. If successful, increased competition could pressure SK hynix’s pricing, margins and market share over time. CXMT DRAM competition article

Wall Street Analysts Forecast Growth

SKHY has been the subject of several recent research reports. Weiss Ratings began coverage on SK hynix in a research report on Friday, October 2nd. They issued a “hold (c)” rating for the company. Zacks Research raised SK hynix to a “hold” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of SK hynix to a “strong-buy” rating in a report on Saturday, July 18th. Citigroup raised shares of SK hynix to a “strong-buy” rating in a research note on Wednesday, September 2nd. Finally, Singular Research raised shares of SK hynix to a “strong-buy” rating in a research note on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $253.22.

SK hynix 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.