Greenleaf Trust Purchases New Stake in SK hynix Inc. $SKHY

Greenleaf Trust purchased a new stake in SK hynix Inc. (NASDAQ:SKHY) during the third quarter, HoldingsChannel.com reports. The firm purchased 8,110 shares of the memory chip maker’s stock, valued at approximately $1,493,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of SK hynix during the 3rd quarter worth $391,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of SK hynix in the third quarter valued at about $18,543,000. Vise Technologies Inc. purchased a new stake in SK hynix during the third quarter worth about $895,000. MGO One Seven LLC purchased a new stake in SK hynix during the third quarter worth about $498,000. Finally, Aprio Wealth Management LLC acquired a new position in SK hynix during the third quarter worth about $896,000.

Trending Headlines about SK hynix

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

• Positive Sentiment: Memory stocks, including SK hynix, rebounded as investors returned to semiconductor shares and lower oil prices supported risk appetite. Article: Why are Micron, SK Hynix, and SanDisk stocks rising on Tuesday?
• Positive Sentiment: SK hynix has reported record third-quarter revenue and secured longer-term AI customer contracts. Company commentary that memory demand could exceed supply through 2030 bolsters the outlook for sales and pricing. Article: SK hynix Says Memory Demand Beats Supply Through 2030
• Positive Sentiment: An earnings analysis points to strong memory demand, citing inventory turnover at a three-year high and sharply higher receivables. It argues that increased capital spending is supported by cash generation and the company’s cash position. Article: SK hynix Q3 Earnings: Inventory Doesn’t Lie And Points To Continued Cycle
• Neutral Sentiment: A report says the U.S. Commerce Department is holding up plans involving Chinese equipment. The implications for SK hynix’s operations or equipment access are not clear from the report. Article: SK Hynix in spotlight as Commerce Dept. holds up Chinese equipment plans
• Negative Sentiment: Earlier concerns about Oracle’s plan to raise $20 billion revived fears that the cost of funding AI expansion could pressure the sector, contributing to a sharp drop in SK hynix shares in Seoul before the subsequent rebound. Article: Samsung and SK Hynix stocks plunge as a $20 billion AI shock rattles markets

Analysts Set New Price Targets

A number of research analysts have issued reports on SKHY shares. Barclays dropped their target price on shares of SK hynix from $330.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. UBS Group assumed coverage on SK hynix in a report on Wednesday, July 29th. They set a “buy” rating and a $204.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on SK hynix in a research report on Thursday, September 10th. They set an “overweight” rating and a $245.00 target price on the stock. Weiss Ratings started coverage on SK hynix in a research report on Friday, October 2nd. They set a “hold (c)” rating on the stock. Finally, Needham & Company LLC upped their target price on SK hynix from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $247.80.

SK hynix Trading Up 2.1%

Shares of SKHY stock opened at $150.79 on Wednesday. The firm has a market cap of $1.10 trillion and a P/E ratio of 11.94. 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 50-day moving average price of $168.49. SK hynix Inc. has a twelve month low of $124.80 and a twelve month high of $199.87.

SK hynix (NASDAQ:SKHY) last released its quarterly earnings results 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 business had revenue of $73.86 billion for the quarter, compared to the consensus estimate of $66.41 billion. As a group, research analysts predict that SK hynix Inc. will post 25.24 earnings per share for the current year.

About SK hynix

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.