4,860 Shares of SK hynix Inc. $SKHY Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in SK hynix Inc. (NASDAQ:SKHY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,860 shares of the memory chip maker’s stock, valued at approximately $895,000.

Other hedge funds have also recently bought and sold shares of the company. Yarbrough Capital LLC bought a new stake in shares of SK hynix in the 3rd quarter worth about $5,934,000. Prime Capital Investment Advisors LLC acquired a new stake in SK hynix during the third quarter valued at approximately $6,777,000. Capstone Capital Management Ltd acquired a new stake in SK hynix during the third quarter valued at approximately $1,473,000. Lancaster Investment Management bought a new position in SK hynix during the 3rd quarter worth approximately $34,103,000. Finally, DUTCH ASSET Corp acquired a new position in shares of SK hynix in the 3rd quarter worth approximately $2,066,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SKHY shares. Zacks Research raised SK hynix to a “hold” rating in a research report on Friday, July 24th. Citigroup raised shares of SK hynix to a “strong-buy” rating in a report on Wednesday, September 2nd. William Blair reiterated an “outperform” rating and set a $154.00 price objective on shares of SK hynix in a research note on Friday, October 30th. UBS Group started coverage on shares of SK hynix in a report on Wednesday, July 29th. They issued a “buy” rating and a $204.00 target price on the stock. Finally, Weiss Ratings assumed coverage on SK hynix in a report on Friday, October 2nd. They issued a “hold (c)” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $247.80.

SK hynix Trading Up 5.5%

Shares of NASDAQ SKHY opened at $134.38 on Tuesday. SK hynix Inc. has a 12-month low of $122.20 and a 12-month high of $199.87. The firm has a market capitalization of $981.64 billion and a P/E ratio of 10.64. The business’s 50 day simple moving average is $166.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.59.

SK hynix (NASDAQ:SKHY) last posted 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 company had revenue of $73.86 billion during the quarter, compared to analysts’ expectations of $66.41 billion. Sell-side analysts forecast that SK hynix Inc. will post 25.24 earnings per share for the current fiscal year.

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.