SK hynix (NASDAQ:SKHY) Stock Price Down 1.9% – What’s Next?

SK hynix Inc. (NASDAQ:SKHY)’s share price fell 1.9% during trading on Monday . The stock traded as low as $149.74 and last traded at $151.16. Approximately 37,126,322 shares traded hands during trading, a decline of 40% from the average session volume of 62,250,234 shares. The stock had previously closed at $154.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SKHY shares. Barclays began coverage on shares of SK hynix in a report on Tuesday, July 14th. They issued an “overweight” rating and a $330.00 target price on the stock. Wall Street Zen raised SK hynix to a “strong-buy” rating in a report on Saturday. Finally, Singular Research raised shares of SK hynix to a “strong-buy” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus target price of $330.00.

SK hynix Trading Down 3.3%

About SK hynix

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.