Himax Technologies Sees Unusually Large Options Volume (HIMX)
Shares of Himax Technologies (NASDAQ:HIMX) saw some unusual options trading activity on Wednesday. Stock investors purchased 6,570 put options on the stock, American Banking News reports. This is an increase of approximately 106% compared to the typical volume of 3,192 put options.
A number of analysts have recently weighed in on HIMX shares. Analysts at Chardan Capital reiterated a “buy” rating on shares of Himax Technologies (NASDAQ:HIMX) in a research note to investors on Friday, September 27th. 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 equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Himax Technologies currently has an average rating of “Buy” and an average price target of $10.01.
Shares of Himax Technologies (NASDAQ:HIMX) traded up 4.65% on Wednesday, hitting $11.02. The stock had a trading volume of 9,320,343 shares. Himax Technologies has a 52 week low of $1.77 and a 52 week high of $11.06. The stock has a 50-day moving average of $8.09 and a 200-day moving average of $6.54. The company has a market cap of $1.869 billion and a P/E ratio of 30.97.
Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue 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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