SK hynix Inc. $SKHY Shares Newly Acquired by Choreo LLC

Key Points

• Choreo LLC acquired 18,408 SK hynix shares in the third quarter, valued at approximately $3.39 million. Several other institutional investors also established new positions, including Lancaster Investment Management and Asset Management One.
• SK hynix reported strong revenue of $73.86 billion, exceeding estimates, as AI-driven demand and higher DRAM and NAND prices supported growth. However, earnings per share of $3.84 fell short of the $5.96 consensus estimate.
• Shares opened at $149.21 after falling 7.9%, amid a broader technology sell-off and concerns that the company’s strong outlook may already be reflected in its valuation. Analysts maintain a consensus “Buy” rating with a $247.80 price target.

Choreo LLC purchased a new stake in SK hynix Inc. (NASDAQ:SKHY - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,408 shares of the memory chip maker's stock, valued at approximately $3,390,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lancaster Investment Management purchased a new position in shares of SK hynix during the 3rd quarter worth approximately $34,103,000. Asset Management One Co. Ltd. purchased a new position in SK hynix in the third quarter valued at $21,554,000. China Universal Asset Management Co. Ltd. acquired a new position in shares of SK hynix during the third quarter worth about $9,595,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of SK hynix in the 3rd quarter valued at approximately $6,777,000. Finally, M & L Capital Management Ltd acquired a new stake in shares of SK hynix in the 3rd quarter valued at $6,105,000.

Trending Headlines about SK hynix

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

• Positive Sentiment: SK hynix reported exceptionally strong third-quarter results, supported by rising DRAM and NAND average selling prices, expanding margins and surging artificial-intelligence-related demand. Analysts characterized the quarter as a potential turning point for the broader memory industry. SK hynix: A Bargain For The Ages (Earnings Analysis)
• Positive Sentiment: Management indicated that available memory capacity is effectively sold out through 2029, reflecting sustained demand from AI infrastructure and data-center customers. The company is also accelerating HBM4 production and expanding capacity. SK Hynix Just Delivered Fantastic News for Micron
• Positive Sentiment: Long-term agreements reportedly cover more than half of planned 2027–2028 capacity, improving revenue visibility and reducing exposure to the memory industry's usual cyclicality. Strong cash generation, shareholder returns and a net-cash position further support the investment case. SK hynix: Despite Their Premium To The Korean Shares, The U.S. ADRs Are A Bargain
• Positive Sentiment: RBC reaffirmed an Outperform rating, while Rosenblatt raised its price target. Other coverage continues to describe SKHY as undervalued relative to peers despite its superior growth and profitability. Royal Bank Of Canada Reaffirms Outperform Rating
• Neutral Sentiment: SK hynix denied reports of a confirmed plan for a major U.S. NAND plant by its Solidigm subsidiary, limiting speculation about additional capital spending. SK hynix Denies Confirmed Plan for Massive U.S. NAND Plant
• Negative Sentiment: The immediate catalyst for the decline is a broad technology sell-off following disappointing Amazon and Intel results. Weakness in Samsung, Micron and SanDisk has amplified pressure across the memory-chip sector, while some investors are questioning whether SKHY's strong outlook is already reflected in its valuation. Why are Micron, SK Hynix, and SanDisk stocks falling on Friday?

SK hynix Stock Down 7.9%

Shares of NASDAQ:SKHY opened at $149.21 on Friday. SK hynix Inc. has a fifty-two week low of $124.80 and a fifty-two week 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. The company has a 50-day moving average price of $168.89. The stock has a market capitalization of $1.09 trillion and a P/E ratio of 11.81.

SK hynix (NASDAQ:SKHY - Get Free Report) last announced 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 business had revenue of $73.86 billion during the quarter, compared to the consensus estimate of $66.41 billion. On average, research analysts forecast that SK hynix Inc. will post 25.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SKHY shares. Rosenblatt Securities increased their target price on SK hynix from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday. Cantor Fitzgerald dropped their price objective on SK hynix from $300.00 to $250.00 and set an "overweight" rating on the stock in a report on Monday, October 26th. Needham & Company LLC increased their price target on shares of SK hynix from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday. William Blair reaffirmed an "outperform" rating and issued a $154.00 target price on shares of SK hynix in a research report on Friday. Finally, JPMorgan Chase & Co. started coverage on shares of SK hynix in a research note on Thursday, September 10th. They set an "overweight" rating and a $245.00 price target on the stock. Four investment 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 company's stock. According to data from MarketBeat.com, SK hynix presently has a consensus rating of "Buy" and a consensus price target of $247.80.

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.

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