SK hynix (NASDAQ:SKHY) Shares Gap Down – Here’s What Happened

SK hynix Inc. (NASDAQ:SKHY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $171.94, but opened at $162.16. SK hynix shares last traded at $166.9380, with a volume of 7,607,805 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on SKHY. Singular Research raised shares of SK hynix to a “strong-buy” rating in a research note on Friday, July 10th. Barclays started coverage on shares of SK hynix in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $330.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of SK hynix to a “strong-buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $330.00.

SK hynix Price Performance

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.