5,788 Shares of SK hynix Inc. $SKHY Acquired by StoneX Group Inc.

StoneX Group Inc. acquired a new position in SK hynix Inc. (NASDAQ:SKHY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,788 shares of the memory chip maker’s stock, valued at approximately $1,066,000.

Other large investors have also bought and sold shares of the company. Pictet Asset Management Holding SA bought a new position in shares of SK hynix in the 3rd quarter worth approximately $69,830,000. Verus Capital Partners LLC purchased a new position in shares of SK hynix in the 3rd quarter valued at approximately $609,000. Abacus Wealth Partners LLC purchased a new position in shares of SK hynix in the 3rd quarter valued at approximately $681,000. International Assets Investment Management LLC purchased a new position in shares of SK hynix in the 3rd quarter valued at approximately $8,367,000. Finally, Calamos Wealth Management LLC bought a new stake in shares of SK hynix during the third quarter valued at approximately $8,293,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays reduced their price target on SK hynix from $330.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Needham & Company LLC raised their price objective on SK hynix from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Stifel Nicolaus started coverage on SK hynix in a research report on Tuesday, August 4th. They set a “buy” rating and a $240.00 price objective for the company. Royal Bank Of Canada restated an “outperform” rating and set a $200.00 target price on shares of SK hynix in a report on Wednesday, October 28th. Finally, Citigroup raised shares of SK hynix to a “strong-buy” rating in a research report on Wednesday, September 2nd. Four analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $247.80.

SK hynix Stock Performance

NASDAQ:SKHY opened at $134.38 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.59. The company has a market cap of $981.64 billion and a price-to-earnings ratio of 10.64. SK hynix Inc. has a fifty-two week low of $122.20 and a fifty-two week high of $199.87. The company’s 50-day moving average price is $166.26.

SK hynix (NASDAQ:SKHY) last issued its 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 firm had revenue of $73.86 billion for the quarter, compared to analysts’ expectations of $66.41 billion. On average, equities research analysts predict that SK hynix Inc. will post 25.24 EPS for the current 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.