Stock Traders Purchase Large Volume of Himax Technologies Put Options (HIMX)
Shares of Himax Technologies (NASDAQ:HIMX) saw some unusual options trading activity on Thursday. Traders bought 6,009 put options on the stock, AnalystRatings.Net reports. This is an increase of 227% compared to the typical daily volume of 1,837 put options.
Several analysts have recently commented on the stock. Analysts at Chardan Capital downgraded shares of Himax Technologies from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 28th. They now have a $12.00 price target on the stock. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Himax Technologies in a research note on Thursday, December 19th. They set a “buy” rating on the stock. Finally, analysts at Northland Securities raised their price target on shares of Himax Technologies from $12.00 to $15.00 in a research note on Monday, December 16th. They now have a “top pick” rating on the stock. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Himax Technologies currently has an average rating of “Buy” and a consensus target price of $11.09.
Himax Technologies (NASDAQ:HIMX) traded up 1.87% during mid-day trading on Thursday, hitting $14.13. The stock had a trading volume of 11,284,366 shares. Himax Technologies has a 52-week low of $2.85 and a 52-week high of $15.33. The stock’s 50-day moving average is $14.02 and its 200-day moving average is $10.33. The company has a market cap of $2.410 billion and a price-to-earnings ratio of 39.63.
Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Wednesday, February 19th. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10. The company had revenue of $195.20 million for the quarter, compared to the consensus estimate of $193.31 million. During the same quarter last year, the company posted $0.09 earnings per share. Himax Technologies’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Himax Technologies will post $0.38 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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