6,871 Shares in SK hynix Inc. $SKHY Bought by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. acquired 6,871 SK hynix shares during the third quarter, valued at approximately $1.27 million. Several other institutional investors also initiated positions in the memory-chip maker.
• Analyst sentiment is broadly positive: SK hynix has a consensus “Buy” rating and a $247.80 average price target, with recent bullish coverage from UBS and JPMorgan.
• SK hynix shares opened at $147.71, below their 50-day average of $168.58. The company’s latest earnings missed EPS estimates, although quarterly revenue exceeded forecasts.

Oppenheimer & Co. Inc. purchased a new stake in SK hynix Inc. (NASDAQ:SKHY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,871 shares of the memory chip maker's stock, valued at approximately $1,265,000.

Several other institutional investors have also recently added to or reduced their stakes in SKHY. Yarbrough Capital LLC acquired a new stake in shares of SK hynix during the 3rd quarter worth approximately $5,934,000. Lancaster Investment Management acquired a new position in shares of SK hynix during the 3rd quarter valued at $34,103,000. Prime Capital Investment Advisors LLC acquired a new position in shares of SK hynix during the 3rd quarter valued at $6,777,000. Capstone Capital Management Ltd bought a new position in SK hynix during the third quarter worth $1,473,000. Finally, DUTCH ASSET Corp bought a new position in SK hynix during the third quarter worth $2,066,000.

Analyst Ratings Changes

Several research firms have weighed in on SKHY. UBS Group initiated coverage on shares of SK hynix in a research note on Wednesday, July 29th. They issued a "buy" rating and a $204.00 price target for the company. Singular Research raised shares of SK hynix to a "strong-buy" rating in a research note on Friday, July 10th. Wall Street Zen raised shares of SK hynix to a "strong-buy" rating in a research report on Saturday, July 18th. William Blair reiterated an "outperform" rating and issued a $154.00 target price on shares of SK hynix in a report on Friday. Finally, JPMorgan Chase & Co. began coverage on SK hynix in a report on Thursday, September 10th. They set an "overweight" rating and a $245.00 price target on the stock. Four research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $247.80.

SK hynix Price Performance

Shares of NASDAQ:SKHY opened at $147.71 on Tuesday. 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 firm has a fifty day moving average price of $168.58. SK hynix Inc. has a one year low of $124.80 and a one year high of $199.87.

SK hynix (NASDAQ:SKHY - Get Free Report) last announced its earnings results on Wednesday, October 28th. The memory chip maker reported $3.84 earnings per share for the quarter, missing analysts' consensus estimates of $5.96 by ($2.12). The company had revenue of $73.86 billion for the quarter, compared to analyst estimates of $66.41 billion. Sell-side analysts forecast that SK hynix Inc. will post 25.28 EPS for the current fiscal year.

SK hynix 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.

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