Calamos Wealth Management LLC Acquires New Holdings in SK hynix Inc. $SKHY

Calamos Wealth Management LLC acquired a new stake in shares of SK hynix Inc. (NASDAQ:SKHY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 45,032 shares of the memory chip maker’s stock, valued at approximately $8,293,000.

A number of other hedge funds also recently made changes to their positions in the company. Yarbrough Capital LLC acquired a new stake in SK hynix during the 3rd quarter valued at $5,934,000. Prime Capital Investment Advisors LLC purchased a new stake in SK hynix during the 3rd quarter worth $6,777,000. Capstone Capital Management Ltd acquired a new position in SK hynix in the 3rd quarter worth $1,473,000. Lancaster Investment Management acquired a new position in SK hynix in the 3rd quarter worth $34,103,000. Finally, DUTCH ASSET Corp purchased a new position in SK hynix in the 3rd quarter valued at about $2,066,000.

SK hynix Stock Up 2.8%

NASDAQ SKHY traded up $3.44 during trading hours on Friday, hitting $127.34. The company had a trading volume of 27,836,290 shares, compared to its average volume of 23,163,340. SK hynix Inc. has a fifty-two week low of $122.20 and a fifty-two week high of $199.87. The company has a current ratio of 2.59, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $166.79. The company has a market cap of $930.21 billion and a price-to-earnings ratio of 10.08.

SK hynix (NASDAQ:SKHY) last released its earnings results on Wednesday, October 28th. The memory chip maker reported $3.84 EPS for the quarter, missing the consensus estimate of $5.96 by ($2.12). The business had revenue of $73.86 billion for the quarter, compared to analysts’ expectations of $66.41 billion. Equities analysts forecast that SK hynix Inc. will post 25.24 EPS for the current fiscal year.

SK hynix News Roundup

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

• Positive Sentiment: AI infrastructure spending continues to support demand for memory chips, with one report saying supply remains insufficient to meet needs. That outlook could benefit SK hynix’s memory business if demand stays strong. SK Hynix Just Announced Huge News for Micron Shareholders
• Neutral Sentiment: South Korean semiconductor exports jumped 93.7% in October, signaling robust industry demand. However, the report also noted bearish trading activity weighing on South Korean equities, so strong export figures have not translated into uniformly positive investor sentiment. South Korea’s Chip Exports Are Soaring—So Why Is This ETF Down 20?
• Negative Sentiment: A Wall Street sell-off in AI and technology stocks spread to Asia, pressuring SK hynix and other regional technology names. Reports cited investor concern about the cost of financing the AI build-out, while a separate account described continued selling in memory stocks as investors reduced exposure to AI-linked chipmakers. AI stock bloodbath hits Asia as Samsung, SK Hynix and SoftBank plunge Nasdaq sell-off batters Asian chip stocks
• Negative Sentiment: Qualcomm’s reported 26% handset-related plunge added to concerns about mobile demand and intensified the memory-chip sell-off, creating a potential headwind beyond AI-related demand. SK hynix Sinks 9% as Qualcomm’s 26% Handset Plunge Deepens Memory Chip Rout
• Negative Sentiment: Analyst concerns about SK hynix missing out on a U.S. plant and a reported delay in export approval for equipment bound for its China NAND facility raise questions about investment plans and execution. SK Hynix losing out on US plant has major implications, Wedbush says Why SK Hynix Plunged Today

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Cantor Fitzgerald dropped their target price on SK hynix from $300.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, October 26th. Wells Fargo & Company reissued a “buy” rating on shares of SK hynix in a report on Wednesday, October 28th. Zacks Research upgraded SK hynix to a “hold” rating in a research note on Friday, July 24th. Singular Research upgraded SK hynix to a “strong-buy” rating in a report on Friday, July 10th. Finally, Stifel Nicolaus assumed coverage on SK hynix in a report on Tuesday, August 4th. They set a “buy” rating and a $240.00 price objective on the stock. Four research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, SK hynix has a consensus rating of “Buy” and a consensus target price of $247.80.

SK hynix 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.