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Barchart
Barchart
Anushka Dutta

SK hynix Could Close Its Valuation Gap Soon, Says Wedbush. That’s Good News for SKHY Stock.

South Korean memory giant SK hynix (SKHY) recently announced it will buy back $29 billion of its stock over the next three months, starting Aug. 20. The company’s robust capital return program also plans to return more than 50% of its free cash flow to shareholders. Wedbush analysts believe this move is a “positive” step that could help it close the valuation gap with its peers. Moreover, SK hynix could deliver an additional $130 billion in shareholder returns by 2027, supported by the continued rise in memory-chip prices.

This is good news for SKHY stockholders. Now we take a closer look at the company…

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