Stock Traders Purchase High Volume of Put Options on Himax Technologies (HIMX)
Himax Technologies (NASDAQ:HIMX) was the target of unusually large options trading on Friday. Traders bought 5,278 put options on the company, AnalystRatings.Net reports. This represents an increase of approximately 109% compared to the typical volume of 2,528 put options.
Several analysts have recently commented on the stock. Analysts at Chardan Capital reiterated a “buy” rating on shares of Himax Technologies (NASDAQ:HIMX) in a research note to investors on Friday. They now have a $12.00 price target on the stock. Finally, analysts at Northland Capital Partners initiated coverage on shares of Himax Technologies (NASDAQ:HIMX) in a research note to investors on Wednesday, September 11th. They set an “outperform” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $10.01.
Himax Technologies (NASDAQ:HIMX) traded down 4.24% during mid-day trading on Friday, hitting $9.72. 9,641,808 shares of the company’s stock traded hands. Himax Technologies has a 1-year low of $1.77 and a 1-year high of $11.06. The stock’s 50-day moving average is $7.76 and its 200-day moving average is $6.38. The company has a market cap of $1.648 billion and a P/E ratio of 29.85.
Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $207.00 million for the quarter, compared to the consensus estimate of $208.60 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Himax Technologies will post $0.40 earnings per share for the current fiscal year.
Himax Technologies, Inc (NASDAQ:HIMX) is a holding company that operates through its wholly owned subsidiary, Himax Technologies Limited (Himax Taiwan).
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