Covea Finance 13F: New $29M Stake in SK hynix (SKHY)
Key Points
- Covea Finance opened a new position in SK hynix Inc. (SKHY), purchasing 156,670 shares valued at roughly $28.9 million as disclosed in an October 21 regulatory filing.
- The memory chip maker recently traded around $139.14, sitting below its 50-day moving average and well under analysts' mean price target of $247.00 ahead of its October 27 earnings report.
- The company pays a modest annual dividend rate of $0.11 per share, yielding about 0.08% with a 0.0% payout ratio.
Since the filing, $SKHY is down 3.8% to date (from the $143.25 close on Oct 21, 2026).
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Covea Finance opened a brand-new position in SK hynix Inc. (SKHY), acquiring 156,670 shares valued at roughly $28.9 million. The investment was revealed in a Form 13F filing with the Securities and Exchange Commission on October 21, 2026.
SKHY
SK hynix Inc.
Covea Finance vs. the S&P 500
Hypothetical returns from Covea Finance's disclosed trades, not real profit or advice. How we model this.
What Changed in Covea Finance's SK hynix Inc. Position
Covea Finance initiated its stake in SK hynix Inc. during the quarter, bringing on 156,670 shares. The newly established holding carried a reported value of $28,850,781 on the filing date.
Other Institutional Activity in SK hynix Inc.
Several other investment firms adjusted their portfolios around the same time. Montrusco Bolton Investments added 54,917 shares, ending with 54,917 shares worth about $10.1 million. Atria Investments picked up 32,758 shares, bringing its total to 32,758 shares valued at roughly $6.0 million. Ninety One UK built a position of 299,059 shares worth about $55.1 million. Ninety One North America established a stake of 83,414 shares valued at approximately $15.4 million. Finally, Formuepleje A/S added 227,330 shares, closing the period with 227,330 shares worth roughly $41.9 million.
SK hynix Inc. Stock Down 2.6%
SK hynix Inc. shares recently traded around $139.14 as of October 22, 2026, sitting down about 2.9% from the October 21 close of $143.25. The stock trades well below its 50-day and 200-day moving averages, while resting above its 52-week low of $124.80.
Recent Earnings
The memory chip producer posted strong trailing financial figures, backed by robust growth in the semiconductor sector and strong demand for server and mobile memory.
Dividend
SK hynix Inc. pays an annual dividend rate of $0.11 per share, translating to a dividend yield of roughly 0.08%. The company maintains a dividend payout ratio of 0.0%.
Analysts Set New Price Targets
Wall Street analysts have generally favorable views on the stock. Wolfe Research initiated coverage on August 4, 2026, with an Outperform rating and a $200.00 price target. RBC Capital also initiated coverage on August 4, 2026, setting an Outperform rating and a $200.00 target. Cantor Fitzgerald started coverage on August 4, 2026, with an Overweight rating and a $300.00 target. Needham maintained a Buy rating on August 24, 2026, lifting its target from $200.00 to $220.00. JP Morgan initiated coverage on September 10, 2026, with an Overweight rating and a $245.00 price target. Across 14 analyst opinions, the stock holds a consensus rating of strong buy and an average price target of $247.00.
About SK hynix Inc.
SK hynix Inc. is a South Korea-based technology company that researches, develops, and manufactures semiconductor devices. The firm produces a wide range of memory products, including DRAM, NAND flash memory, SSDs, and non-memory semiconductors through its foundry business.
Bottom Line
Investors are keeping an eye on upcoming catalysts, including the company's next earnings report scheduled for October 27, 2026. Future regulatory filings will show whether institutional investors continue to build out positions in the semiconductor manufacturer.
Related Filing Alerts
Source: Covea Finance's 13F filing on $SKHY (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts