SK Hynix Inc. (NASDAQ:SKHY) shares are trending on Wednesday.
SK Hynix Q3 2026 Earnings
Shares of the South Korean semiconductor manufacturer climbed 8.14% to $157.19 in the pre-market session on Wednesday following the announcement of third-quarter results after the closing bell on Tuesday.
SK Hynix reported revenue of KRW 104.61 trillion ($78.23 billion). Operating profit was KRW 83.3338 trillion ($62.32 billion), an operating margin of 80%.
The results drew attention across memory chip stocks. CNBC’s Jim Cramer said Micron Technology Inc. (NASDAQ:MU) tends to move with SK Hynix.
On Monday, Cantor Fitzgerald analyst C.J. Muse cut the price target on SK Hynix to $250 from $300 while maintaining an Overweight rating.
Trading Metrics, Technical Analysis
SK Hynix has a market capitalization of about $730.82 billion. Over the past 52 weeks, its stock has traded as high as $199.87 and as low as $124.80.
SKHY has a Relative Strength Index (RSI) of 41.16.
Price Action: In the regular session on Tuesday, the large-cap tech stock closed at $145.36, up 1.92%, according to Benzinga Pro data.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
Recent Comments