SeaCrest Wealth Management LLC Purchases 9,713 Shares of SK hynix Inc. $SKHY

SeaCrest Wealth Management LLC purchased a new position in SK hynix Inc. (NASDAQ:SKHY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,713 shares of the memory chip maker’s stock, valued at approximately $1,789,000.

A number of other large investors have also modified their holdings of the stock. Lancaster Investment Management acquired a new stake in shares of SK hynix in the third quarter valued at $34,103,000. Prime Capital Investment Advisors LLC purchased a new position in SK hynix in the third quarter valued at $6,777,000. Yarbrough Capital LLC purchased a new position in SK hynix in the third quarter valued at $5,934,000. SBI Securities Co. Ltd. acquired a new position in SK hynix during the 3rd quarter worth $4,214,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in SK hynix during the 3rd quarter worth $2,120,000.

SK hynix Stock Performance

SKHY 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. SK hynix Inc. has a one year low of $124.80 and a one year high of $199.87. The stock has a market cap of $961.98 billion and a P/E ratio of 10.43. The firm has a 50-day simple moving average of $170.66.

SK hynix (NASDAQ:SKHY) last posted its earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 earnings per share for the quarter. The business had revenue of $51.19 billion for the quarter. As a group, analysts predict that SK hynix Inc. will post 25.69 earnings per share for the current fiscal year.

Key Headlines 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 Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded SK hynix to a “strong-buy” rating in a report on Saturday, July 18th. Rosenblatt Securities began coverage on SK hynix in a research note on Tuesday, August 4th. They issued a “buy” rating and a $320.00 price objective for the company. Citigroup raised SK hynix to a “strong-buy” rating in a research report on Wednesday, September 2nd. Singular Research upgraded shares of SK hynix to a “strong-buy” rating in a research note on Friday, July 10th. Finally, William Blair started coverage on shares of SK hynix in a report on Tuesday, August 4th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $253.22.

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.