Yarbrough Capital LLC Purchases New Position in SK hynix Inc. $SKHY

Key Points

• Yarbrough Capital LLC acquired 32,226 SK hynix shares in the third quarter, valued at approximately $5.934 million. McHugh Group LLC also initiated a position worth $368,000.
• SK hynix shares recently traded at $142.87, with a market capitalization of about $1.04 trillion and a P/E ratio of 11.31. The stock remains below its 50-day moving average of $171.60 and its one-year high of $199.87.
• Analyst sentiment is broadly positive, with an average rating of “Buy” and a consensus price target of $253.22. Recent targets range from $204 to $300, while the company reported quarterly EPS of $8.48 and revenue of $51.19 billion.

Yarbrough Capital LLC acquired a new stake in shares of SK hynix Inc. (NASDAQ:SKHY - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 32,226 shares of the memory chip maker's stock, valued at approximately $5,934,000.

Separately, McHugh Group LLC acquired a new position in shares of SK hynix during the 3rd quarter worth $368,000.

SK hynix Price Performance

Shares of SKHY stock traded up $6.38 during trading on Monday, reaching $142.87. The company had a trading volume of 19,473,895 shares, compared to its average volume of 26,990,844. The stock has a 50 day moving average price of $171.60. SK hynix Inc. has a one year low of $124.80 and a one year high of $199.87. 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 market cap of $1.04 trillion and a P/E ratio of 11.31.

SK hynix (NASDAQ:SKHY - Get Free Report) last announced its earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 earnings per share (EPS) for the quarter. The company had revenue of $51.19 billion for the quarter. Analysts forecast that SK hynix Inc. will post 25.69 earnings per share for the current year.

Analyst Ratings Changes

SKHY has been the topic of a number of recent research reports. Zacks Research upgraded shares of SK hynix to a "hold" rating in a report on Friday, July 24th. JPMorgan Chase & Co. assumed coverage on shares of SK hynix in a report on Thursday, September 10th. They issued an "overweight" rating and a $245.00 price objective for the company. UBS Group started coverage on shares of SK hynix in a report on Wednesday, July 29th. They issued a "buy" rating and a $204.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of SK hynix in a research report on Tuesday, August 4th. They set a "buy" rating and a $240.00 target price on the stock. Finally, Cantor Fitzgerald started coverage on SK hynix in a report on Tuesday, August 4th. They set an "overweight" rating and a $300.00 target price on the stock. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, SK hynix has an average rating of "Buy" and an average price target of $253.22.

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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