6,871 Shares in SK hynix Inc. $SKHY Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in SK hynix Inc. (NASDAQ:SKHY) in the third quarter, Holdings Channel.com reports. The fund purchased 6,871 shares of the memory chip maker’s stock, valued at approximately $1,265,000.

Several other institutional investors have also recently made changes to their positions in SKHY. Lancaster Investment Management purchased a new position in SK hynix during the third quarter valued at $34,103,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of SK hynix in the third quarter worth $6,777,000. Yarbrough Capital LLC purchased a new stake in shares of SK hynix in the third quarter worth about $5,934,000. Park Avenue Securities LLC bought a new stake in shares of SK hynix in the 3rd quarter valued at approximately $4,488,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of SK hynix during the third quarter valued at approximately $4,214,000.

SK hynix Stock Performance

Shares of SKHY stock opened at $147.71 on Tuesday. The company has a 50 day simple moving average of $168.58. The company has a quick ratio of 2.29, a current ratio of 2.59 and a debt-to-equity ratio of 0.06. SK hynix Inc. has a fifty-two week low of $124.80 and a fifty-two week high of $199.87.

SK hynix (NASDAQ:SKHY) last announced its quarterly earnings data on Wednesday, October 28th. The memory chip maker reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.96 by ($2.12). The firm had revenue of $73.86 billion during the quarter, compared to analyst estimates of $66.41 billion. On average, equities analysts predict that SK hynix Inc. will post 25.28 earnings per share for the current year.

Wall Street Analyst Weigh In

SKHY has been the subject of several recent research reports. Citigroup raised SK hynix to a “strong-buy” rating in a research report on Wednesday, September 2nd. Needham & Company LLC raised their price objective on shares of SK hynix from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Wells Fargo & Company restated a “buy” rating on shares of SK hynix in a research report on Wednesday, October 28th. Wall Street Zen raised shares of SK hynix to a “strong-buy” rating in a research note on Saturday, July 18th. Finally, Cantor Fitzgerald decreased 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. Four research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, SK hynix presently has an average rating of “Buy” and a consensus price target of $247.80.

SK hynix Company Profile

SK hynix Inc is a South Korean semiconductor company that develops and manufactures memory products and related semiconductor solutions. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives, and high-bandwidth memory (HBM) used in computing, artificial intelligence, data centers, smartphones, automotive systems, and other electronic devices.

The company serves customers globally through manufacturing, research, sales, and support operations in South Korea and other major technology markets.