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

Key Points

• Greenleaf Trust opened a position in SK hynix, buying 8,110 shares worth approximately $1.49 million in the third quarter. Several other institutional investors also reported new stakes.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus Buy rating and an average price target of $247.80.
• SK hynix’s latest quarter had mixed results: revenue of $73.86 billion exceeded expectations, while earnings per share of $3.84 fell short of the $5.96 consensus.

Greenleaf Trust purchased a new stake in SK hynix Inc. (NASDAQ:SKHY - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,110 shares of the memory chip maker's stock, valued at approximately $1,493,000.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SKHY shares. Singular Research raised shares of SK hynix to a "strong-buy" rating in a research report on Friday, July 10th. JPMorgan Chase & Co. began coverage on shares of SK hynix in a research note on Thursday, September 10th. They issued an "overweight" rating and a $245.00 price objective for the company. Wolfe Research reiterated an "outperform" rating on shares of SK hynix in a research report on Wednesday, October 28th. Wall Street Zen raised SK hynix to a "strong-buy" rating in a report on Saturday, July 18th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of SK hynix in a report on Wednesday, October 28th. Four investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $247.80.

Key SK hynix News

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

SK hynix Price Performance

SK hynix stock opened at $150.79 on Wednesday. SK hynix Inc. has a 12 month low of $124.80 and a 12 month high of $199.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.59 and a quick ratio of 2.29. The business's 50 day moving average is $168.49. The stock has a market capitalization of $1.10 trillion and a PE ratio of 11.94.

SK hynix (NASDAQ:SKHY - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $66.41 billion. As a group, equities research analysts anticipate that SK hynix Inc. will post 25.24 EPS 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.

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