- SK Hynix‘s second-quarter operating profit was 5.47 trillion won, beating estimates of 5.24 trillion won.
- The net profit for the quarter was 4.12 trillion won, exceeding the estimated 3.79 trillion won.
- Sales reached 16.42 trillion won, higher than the forecasted 16.13 trillion won.
- Analysts’ ratings include 41 buys, 2 holds, and 1 sell.
SK Hynix on Smartkarma
Analyst coverage of SK Hynix on Smartkarma has been positive, with multiple research reports highlighting the company’s strategic moves and market positioning. According to Tech Supply Chain Tracker‘s insights from Jul 2, 2024, SK Hynix is investing significantly in the high-bandwidth memory (HBM) market for AI chips, demonstrating a commitment to dominating this sector. Additionally, in the report dated May 10, 2024, it is mentioned that SK Hynix is facing high demand for HBM, reflecting a competitive landscape driven by the need for high-bandwidth memory solutions in the market.
In a report by analyst Jim Handy, it is noted that SK Hynix‘s recent earnings show strong performance driven by AI demand and NAND flash products, rather than HBM as expected. This demonstrates the company’s adaptability and success in meeting evolving market needs. The diverse insights from different analysts provide a comprehensive view of SK Hynix‘s activities, market positioning, and future outlook in the semiconductor industry.
A look at SK Hynix Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SK Hynix Inc., a company in the electronic components industry, presents a mixed outlook based on the Smartkarma Smart Scores. The company scores a 2 in Value, Dividend, and Growth, suggesting moderate performance in these areas. However, it shows strength in Resilience with a score of 3, indicating a higher level of stability and ability to weather market uncertainties. SK Hynix excels in Momentum, receiving a top score of 5, which implies strong positive market momentum and investor interest. This mix of ratings demonstrates a complex long-term outlook for SK Hynix, with notable strengths in Resilience and Momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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