SK hynix (NASDAQ:SKHY) Trading Up 2.5% – Still a Buy?

SK hynix Inc. (NASDAQ:SKHY)’s share price rose 2.5% during mid-day trading on Friday . The stock traded as high as $192.01 and last traded at $187.50. Approximately 69,857,559 shares were traded during trading, an increase of 128% from the average daily volume of 30,595,607 shares. The stock had previously closed at $182.99.

More SK hynix News

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

• Positive Sentiment: Intel CEO Lip-Bu Tan warned that memory prices have risen fivefold to sevenfold and could increase further, reinforcing expectations that constrained supply will support pricing and profits for major memory producers such as SK hynix. AI Memory Costs Continue to Explode — And It’s About to Get a Lot Worse
• Positive Sentiment: Investor Steve Eisman reportedly identified SK hynix and Micron as attractive ways to benefit from the AI buildout because upstream memory suppliers may capture value regardless of which chip designer wins. Eisman Says Buy Micron And SK Hynix
• Positive Sentiment: Analysts said the memory supercycle may extend into 2027 and beyond. SK hynix’s HBM lead, planned capacity expansion through 2029, long-term agreements, and investments in customized AI memory could support sustained volume growth and margins. SK hynix: Memory Supercycle Isn’t Peaking Yet
• Positive Sentiment: SK hynix’s Solidigm subsidiary is considering a U.S. NAND flash factory, with upstate New York reportedly a leading location. A domestic facility could improve access to incentives, strengthen customer relationships, and support U.S. supply-chain goals. SK hynix’s Solidigm Unit Is Weighing NAND Memory Chip Factory in US
• Neutral Sentiment: SK hynix and Intel are reportedly discussing memory-chip production at Intel’s Ohio site. The proposal could provide strategic and political benefits, but talks remain preliminary and no agreement has been signed. Intel’s Ohio Lifeline? Why the SK Hynix Talks Matter
• Negative Sentiment: China’s CXMT is considering expanding into flash memory, raising longer-term competition and supply-glut concerns. However, analysts argue that China remains behind SK hynix in high-end HBM and AI memory capabilities. What China’s Fresh Memory-Chip Push Means for Micron and SK Hynix

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SKHY shares. Citigroup raised SK hynix to a “strong-buy” rating in a report on Wednesday, September 2nd. Rosenblatt Securities began coverage on SK hynix in a research report on Tuesday, August 4th. They set a “buy” rating and a $320.00 price objective for the company. Needham & Company LLC lifted their price objective on SK hynix from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Singular Research upgraded shares of SK hynix to a “strong-buy” rating in a report on Friday, July 10th. Finally, UBS Group assumed coverage on shares of SK hynix in a report on Wednesday, July 29th. They set a “buy” rating and a $204.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $247.67.

SK hynix Stock Up 2.5%

The business’s 50 day simple moving average is $161.45. The firm has a market cap of $1.37 trillion and a PE ratio of 14.85. The company has a quick ratio of 2.29, a current ratio of 2.59 and a debt-to-equity ratio of 0.06.

SK hynix (NASDAQ:SKHY) last posted its quarterly earnings results on Tuesday, August 18th. The memory chip maker reported $8.48 EPS for the quarter. The business had revenue of $51.19 billion during the quarter. On average, research analysts forecast that SK hynix Inc. will post 25.69 earnings per share for the current fiscal year.

SK hynix Company Profile

SK hynix Inc is a South Korean semiconductor manufacturer that develops and produces memory products for data centers, artificial intelligence systems, personal computers, mobile devices, automotive applications and other technology markets. Its portfolio includes dynamic random-access memory (DRAM), high-bandwidth memory (HBM), NAND flash memory, solid-state drives and related semiconductor solutions.

The company was established in 1983 as Hyundai Electronic Industrial Co and later operated under the name Hynix Semiconductor before becoming SK hynix following its acquisition by SK Telecom in 2012.