Yarbrough Capital LLC Makes New Investment in SK hynix Inc. $SKHY

Yarbrough Capital LLC bought a new position in shares of SK hynix Inc. (NASDAQ:SKHY) in the third quarter, HoldingsChannel.com reports. The firm bought 32,226 shares of the memory chip maker’s stock, valued at approximately $5,934,000.

Separately, McHugh Group LLC acquired a new stake in shares of SK hynix in the third quarter valued at about $368,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Cantor Fitzgerald initiated coverage on SK hynix in a research note on Tuesday, August 4th. They issued an “overweight” rating and a $300.00 price objective on the stock. Wolfe Research reissued an “outperform” rating and set a $250.00 price objective on shares of SK hynix in a research report on Wednesday, September 23rd. Royal Bank Of Canada initiated coverage on SK hynix in a report on Tuesday, August 4th. They issued an “outperform” rating and a $200.00 target price on the stock. UBS Group initiated coverage on SK hynix in a research report on Wednesday, July 29th. They issued a “buy” rating and a $204.00 price target on the stock. Finally, Zacks Research raised SK hynix to a “hold” rating in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $253.22.

SK hynix Stock Up 4.7%

SK hynix stock traded up $6.38 on Monday, hitting $142.87. The company’s stock had a trading volume of 19,473,895 shares, compared to its average volume of 26,990,844. The stock has a market capitalization of $1.04 trillion and a price-to-earnings ratio of 11.31. The firm has a fifty day simple moving average of $171.60. SK hynix Inc. has a one year low of $124.80 and a one year high of $199.87. 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 (NASDAQ:SKHY) last released its quarterly earnings data on Tuesday, August 18th. The memory chip maker reported $8.48 earnings per share for the quarter. The company had revenue of $51.19 billion during the quarter. Analysts anticipate that SK hynix Inc. will post 25.69 EPS for the current year.

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.