SK hynix (NASDAQ:SKHY) Posts Earnings Results

SK hynix (NASDAQ:SKHY) announced its quarterly earnings data on Tuesday. The memory chip maker reported $8.48 EPS for the quarter, FiscalAI reports. The company had revenue of $51.19 billion during the quarter.

SK hynix Price Performance

SKHY stock opened at $171.38 on Tuesday. SK hynix has a 1 year low of $124.80 and a 1 year high of $194.80.

Analysts Set New Price Targets

SKHY has been the topic of several recent analyst reports. Barclays lowered their target price on shares of SK hynix from $330.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Rosenblatt Securities assumed coverage on shares of SK hynix in a research report on Tuesday, August 4th. They set a “buy” rating and a $320.00 price target for the company. Royal Bank Of Canada assumed coverage on SK hynix in a research note on Tuesday, August 4th. They set an “outperform” rating and a $200.00 price target on the stock. UBS Group assumed coverage on SK hynix in a report on Wednesday, July 29th. They issued a “buy” rating and a $204.00 price target on the stock. Finally, Zacks Research raised SK hynix to a “hold” rating in a report on Friday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $245.50.

SK hynix Company Profile

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.