SK hynix (NASDAQ:SKHY - Get Free Report) had its price objective upped by research analysts at Needham & Company LLC from $200.00 to $220.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the memory chip maker's stock. Needham & Company LLC's target price points to a potential upside of 41.37% from the stock's current price.
A number of other equities research analysts have also commented on the company. Zacks Research upgraded SK hynix to a "hold" rating in a research report on Friday, July 24th. William Blair began coverage on shares of SK hynix in a research report on Tuesday, August 4th. They issued an "outperform" rating for the company. Royal Bank Of Canada started coverage on shares of SK hynix in a report on Tuesday, August 4th. They set an "outperform" rating and a $200.00 price target for the company. Stifel Nicolaus started coverage on shares of SK hynix in a research report on Tuesday, August 4th. They set a "buy" rating and a $240.00 price objective on the stock. Finally, Wedbush upgraded shares of SK hynix to a "strong-buy" rating in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $248.00.
Read Our Latest Research Report on SKHY
SK hynix Stock Down 4.8%
Shares of SKHY traded down $7.79 during mid-day trading on Monday, hitting $155.62. The company's stock had a trading volume of 11,638,587 shares, compared to its average volume of 37,194,941. SK hynix has a fifty-two week low of $124.80 and a fifty-two week high of $194.80.
SK hynix (NASDAQ:SKHY - Get Free Report) last issued 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 during the quarter. On average, research analysts anticipate that SK hynix will post 25.48 EPS for the current year.
SK hynix Company Profile
(
Get Free Report)
SK hynix Inc is a South Korea-based semiconductor company that develops, manufactures, and sells memory products used in a wide range of electronic devices and computing systems. Its portfolio includes DRAM, NAND flash, and other memory solutions that support applications such as servers, PCs, mobile devices, and consumer electronics.
The company serves customers globally through the semiconductor supply chain and is recognized as one of the major memory chip producers in the industry.
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