Kestra Private Wealth Services LLC Purchases New Shares in SK hynix Inc. $SKHY

Kestra Private Wealth Services LLC purchased a new position in shares of SK hynix Inc. (NASDAQ:SKHY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,785 shares of the memory chip maker’s stock, valued at approximately $1,065,000.

A number of other hedge funds have also recently modified their holdings of the business. Ramsey Quantitative Systems purchased a new stake in shares of SK hynix in the 3rd quarter worth $30,000. Richardson Financial Services Inc. bought a new position in SK hynix in the 3rd quarter worth $50,000. Covestor Ltd purchased a new position in SK hynix during the third quarter valued at $60,000. Financial Management Professionals Inc. purchased a new position in SK hynix during the third quarter valued at $129,000. Finally, Albion Financial Group UT bought a new stake in SK hynix during the third quarter valued at about $184,000.

SK hynix Stock Up 2.8%

SKHY stock traded up $3.44 during trading on Friday, reaching $127.34. The company’s stock had a trading volume of 27,836,290 shares, compared to its average volume of 23,163,340. The company has a quick ratio of 2.29, a current ratio of 2.59 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $166.79. The firm has a market cap of $930.21 billion and a P/E ratio of 10.08. SK hynix Inc. has a 1 year low of $122.20 and a 1 year high of $199.87.

SK hynix (NASDAQ:SKHY) last announced its quarterly earnings data 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 firm had revenue of $73.86 billion during the quarter, compared to analyst estimates of $66.41 billion. Analysts anticipate that SK hynix Inc. will post 25.24 earnings per share for the current year.

Wall Street Analyst Weigh In

SKHY has been the subject of a number of analyst reports. Cantor Fitzgerald reduced their price target on SK hynix from $300.00 to $250.00 and set an “overweight” rating for the company in a research report on Monday, October 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of SK hynix in a research note on Wednesday, October 28th. Zacks Research raised SK hynix to a “hold” rating in a research report on Friday, July 24th. Stifel Nicolaus assumed coverage on shares of SK hynix in a report on Tuesday, August 4th. They issued a “buy” rating and a $240.00 target price for the company. Finally, Rosenblatt Securities increased their target price on shares of SK hynix from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Four research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, SK hynix presently has a consensus rating of “Buy” and a consensus target price of $247.80.

SK hynix News Roundup

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

• Positive Sentiment: AI infrastructure spending continues to support demand for memory chips, with one report saying supply remains insufficient to meet needs. That outlook could benefit SK hynix’s memory business if demand stays strong. SK Hynix Just Announced Huge News for Micron Shareholders
• Neutral Sentiment: South Korean semiconductor exports jumped 93.7% in October, signaling robust industry demand. However, the report also noted bearish trading activity weighing on South Korean equities, so strong export figures have not translated into uniformly positive investor sentiment. South Korea’s Chip Exports Are Soaring—So Why Is This ETF Down 20?
• Negative Sentiment: A Wall Street sell-off in AI and technology stocks spread to Asia, pressuring SK hynix and other regional technology names. Reports cited investor concern about the cost of financing the AI build-out, while a separate account described continued selling in memory stocks as investors reduced exposure to AI-linked chipmakers. AI stock bloodbath hits Asia as Samsung, SK Hynix and SoftBank plunge Nasdaq sell-off batters Asian chip stocks
• Negative Sentiment: Qualcomm’s reported 26% handset-related plunge added to concerns about mobile demand and intensified the memory-chip sell-off, creating a potential headwind beyond AI-related demand. SK hynix Sinks 9% as Qualcomm’s 26% Handset Plunge Deepens Memory Chip Rout
• Negative Sentiment: Analyst concerns about SK hynix missing out on a U.S. plant and a reported delay in export approval for equipment bound for its China NAND facility raise questions about investment plans and execution. SK Hynix losing out on US plant has major implications, Wedbush says Why SK Hynix Plunged Today

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.