5,788 Shares of SK hynix Inc. $SKHY Bought by StoneX Group Inc.

StoneX Group Inc. purchased a new position in shares of SK hynix Inc. (NASDAQ:SKHY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,788 shares of the memory chip maker’s stock, valued at approximately $1,066,000.

Other large investors have also bought and sold shares of the company. Pictet Asset Management Holding SA bought a new position in shares of SK hynix in the third quarter worth approximately $69,830,000. Verus Capital Partners LLC purchased a new position in shares of SK hynix in the third quarter worth $609,000. Abacus Wealth Partners LLC bought a new stake in SK hynix during the 3rd quarter valued at $681,000. International Assets Investment Management LLC bought a new stake in SK hynix during the 3rd quarter valued at $8,367,000. Finally, Calamos Wealth Management LLC purchased a new stake in SK hynix during the 3rd quarter valued at $8,293,000.

SK hynix Stock Up 5.5%

Shares of SK hynix stock opened at $134.38 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.59. The company has a market capitalization of $981.64 billion and a P/E ratio of 10.64. The company’s 50 day simple moving average is $166.26. SK hynix Inc. has a 52 week low of $122.20 and a 52 week high of $199.87.

SK hynix (NASDAQ:SKHY) last released its quarterly earnings results on Wednesday, October 28th. The memory chip maker reported $3.84 earnings per share for the quarter, missing the consensus estimate of $5.96 by ($2.12). The company had revenue of $73.86 billion for the quarter, compared to analyst estimates of $66.41 billion. On average, research analysts anticipate that SK hynix Inc. will post 25.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SKHY. Weiss Ratings started coverage on shares of SK hynix in a report on Friday, October 2nd. They issued a “hold (c)” rating on the stock. Stifel Nicolaus started coverage on shares of SK hynix in a research note on Tuesday, August 4th. They set a “buy” rating and a $240.00 price objective for the company. Cantor Fitzgerald lowered their price objective on shares of SK hynix from $300.00 to $250.00 and set an “overweight” rating for the company in a research note on Monday, October 26th. Citigroup upgraded shares of SK hynix to a “strong-buy” rating in a report on Wednesday, September 2nd. Finally, Wells Fargo & Company reissued a “buy” rating on shares of SK hynix in a research note on Wednesday, October 28th. Four analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $247.80.

SK hynix Company Profile

SK hynix is a South Korean semiconductor company that develops and manufactures memory products for use in computers, mobile devices, data centers and other electronics. Its principal products include dynamic random-access memory (DRAM), NAND flash memory and high-bandwidth memory (HBM), as well as complementary metal-oxide-semiconductor (CMOS) image sensors.

The company’s memory products support applications ranging from personal computing and smartphones to servers, artificial intelligence systems and automotive electronics.