Himax Technologies Sees Unusually High Options Volume (HIMX)
Himax Technologies, Inc. (NASDAQ:HIMX) saw some unusual options trading activity on Friday. Stock investors bought 9,637 put options on the stock. This represents an increase of 352% compared to the average daily volume of 2,132 put options.
Shares of Himax Technologies (NASDAQ HIMX) opened at 8.16 on Wednesday. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $10.95.
Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, May 11th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. Himax Technologies had a return on equity of 8.59% and a net margin of 5.04%. The firm had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $162.26 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was down 13.9% compared to the same quarter last year. Analysts predict that Himax Technologies will post $0.10 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of HIMX. Bank of New York Mellon Corp increased its position in shares of Himax Technologies by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 77 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Himax Technologies during the first quarter worth about $130,000. US Bancorp DE increased its position in shares of Himax Technologies by 0.7% in the first quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after buying an additional 100 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Himax Technologies during the first quarter worth about $148,000. Finally, Two Sigma Securities LLC bought a new position in shares of Himax Technologies during the first quarter worth about $175,000. 22.46% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on HIMX shares. Robert W. Baird dropped their target price on shares of Himax Technologies from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, May 12th. Northland Securities restated an “outperform” rating and issued a $10.00 target price on shares of Himax Technologies in a research report on Wednesday, April 26th. Morgan Stanley upgraded shares of Himax Technologies from an “equal weight” rating to an “overweight” rating and set a $11.50 target price for the company in a research report on Monday, March 27th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Himax Technologies in a research report on Wednesday, March 22nd. Finally, ValuEngine cut shares of Himax Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Himax Technologies presently has a consensus rating of “Hold” and an average price target of $8.08.
Himax Technologies Company Profile
Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.
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