Analysts Set SK hynix Inc. (NASDAQ:SKHY) PT at $252.00

SK hynix Inc. (NASDAQ:SKHY) has been given a consensus recommendation of “Buy” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $245.50.

A number of research firms recently issued reports on SKHY. Cantor Fitzgerald assumed coverage on shares of SK hynix in a research note on Tuesday, August 4th. They issued an “overweight” rating and a $300.00 price target for the company. Wolfe Research started coverage on SK hynix in a report on Tuesday, August 4th. They issued an “outperform” rating and a $200.00 target price on the stock. Stifel Nicolaus started coverage on SK hynix in a research note on Tuesday, August 4th. They issued a “buy” rating and a $240.00 price target for the company. Singular Research raised shares of SK hynix to a “strong-buy” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada assumed coverage on shares of SK hynix in a research report on Tuesday, August 4th. They issued an “outperform” rating and a $200.00 price objective on the stock.

SK hynix Stock Performance

SKHY stock opened at $135.29 on Tuesday. SK hynix has a fifty-two week low of $124.80 and a fifty-two week high of $194.80.

SK hynix (NASDAQ:SKHY) last posted its earnings results on Wednesday, July 29th. The memory chip maker reported $8.76 EPS for the quarter, topping the consensus estimate of $5.12 by $3.64. The business had revenue of $52.83 billion for the quarter, compared to analysts’ expectations of $59.05 billion. As a group, sell-side analysts forecast that SK hynix will post 25.48 EPS for the current year.

SK hynix Company Profile

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.