4,860 Shares of SK hynix Inc. $SKHY Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of SK hynix Inc. (NASDAQ:SKHY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,860 shares of the memory chip maker’s stock, valued at approximately $895,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SKHY. Ramsey Quantitative Systems purchased a new position in shares of SK hynix in the third quarter valued at $30,000. Financial Management Professionals Inc. purchased a new stake in shares of SK hynix in the third quarter valued at about $129,000. Albion Financial Group UT acquired a new stake in shares of SK hynix in the third quarter valued at approximately $184,000. Boyd Wealth Management LLC purchased a new position in shares of SK hynix during the 3rd quarter worth approximately $238,000. Finally, Leslie Global Wealth LLC acquired a new position in shares of SK hynix during the 3rd quarter worth approximately $243,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of SK hynix in a report on Wednesday, October 28th. Stifel Nicolaus initiated coverage on SK hynix in a research note on Tuesday, August 4th. They set a “buy” rating and a $240.00 price target on the stock. Barclays lowered their price objective on SK hynix from $330.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company reiterated a “buy” rating on shares of SK hynix in a research report on Wednesday, October 28th. Finally, Cantor Fitzgerald cut their price objective on shares of SK hynix from $300.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. Four 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. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $247.80.

SK hynix Stock Performance

NASDAQ SKHY opened at $134.38 on Tuesday. The stock has a market capitalization of $981.64 billion and a price-to-earnings ratio of 10.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.59 and a quick ratio of 2.29. SK hynix Inc. has a one year low of $122.20 and a one year high of $199.87. The firm has a 50 day simple moving average of $166.26.

SK hynix (NASDAQ:SKHY) last released its quarterly earnings data 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 the consensus estimate of $66.41 billion. Sell-side analysts forecast that SK hynix Inc. will post 25.24 EPS for the current fiscal year.

SK hynix Profile

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.