Short Interest in Himax Technologies, Inc. (ADR) Rises By 26.2% (HIMX)
Shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) were the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 8,262,001 shares, an increase of 26.2% from the March 31st total of 6,549,273 shares, American Banking and Market News reports. Based on an average daily volume of 7,976,557 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are sold short.
HIMX has been the subject of a number of recent research reports. Analysts at Chardan Capital cut their price target on shares of Himax Technologies, Inc. (ADR) from $12.00 to $9.00 in a research note on Wednesday, April 16th. They now have a “neutral” rating on the stock. Separately, analysts at Topeka Capital Markets cut their price target on shares of Himax Technologies, Inc. (ADR) to $12.00 in a research note on Tuesday, April 15th. They now have a “buy” rating on the stock. Finally, analysts at Northland Securities cut their EPS estimates on shares of Himax Technologies, Inc. (ADR) in a research note on Tuesday. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.38.
Shares of Himax Technologies, Inc. (NASDAQ:HIMX) opened at 8.72 on Thursday. Himax Technologies, Inc. has a one year low of $4.76 and a one year high of $16.15. The stock has a 50-day moving average of $11.4 and a 200-day moving average of $11.9. The company has a market cap of $1.487 billion and a price-to-earnings ratio of 24.14.
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) last released its earnings data 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, Inc. (ADR)’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Himax Technologies, Inc. will post $0.59 EPS for the current fiscal year.
Himax Technologies, Inc operates as an IC design house with LCD manufacturing capability. The Company focuses on display IC products for display device and offers LCD technical consulting to customers to provide them with value-added technical support and integrated solutions.
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