Himax Technologies, Inc. (HIMX) Short Interest Update
Himax Technologies, Inc. (NASDAQ:HIMX) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 18,842,180 shares, a growth of 15.0% from the July 14th total of 16,390,930 shares. Based on an average daily volume of 3,552,634 shares, the days-to-cover ratio is currently 5.3 days.
Shares of Himax Technologies (HIMX) opened at 8.03 on Friday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 73.67 and a beta of 0.85. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $10.95. The stock’s 50 day moving average price is $8.31 and its 200 day moving average price is $7.56.
Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, May 11th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. Himax Technologies had a return on equity of 4.24% and a net margin of 2.58%. The business had revenue of $155.20 million for the quarter, compared to analyst estimates of $162.26 million. During the same period in the prior year, the firm posted $0.08 EPS. Himax Technologies’s revenue was down 13.9% on a year-over-year basis. Analysts expect that Himax Technologies will post $0.11 EPS for the current year.
The firm also recently announced an annual dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.24 per share. This represents a yield of 2.71%. The ex-dividend date is Thursday, July 27th. This is a positive change from Himax Technologies’s previous annual dividend of $0.12. Himax Technologies’s payout ratio is currently 191.68%.
Several research firms recently commented on HIMX. Nomura set a $9.00 target price on Himax Technologies and gave the company a “buy” rating in a research report on Saturday, May 13th. 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. Credit Suisse Group upgraded Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, August 4th. Lake Street Capital cut Himax Technologies from a “buy” rating to a “hold” rating and set a $7.50 target price on the stock. in a research report on Thursday, May 11th. Finally, ValuEngine cut Himax Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.58.
A number of hedge funds have recently added to or reduced their stakes in HIMX. Capital Investment Counsel Inc acquired a new stake in Himax Technologies during the second quarter worth approximately $109,000. Private Advisor Group LLC acquired a new stake in Himax Technologies during the first quarter worth approximately $130,000. Bank of New York Mellon Corp raised its stake in 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 worth $130,000 after buying an additional 77 shares in the last quarter. US Bancorp DE raised its stake in 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 in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Himax Technologies during the first quarter worth approximately $148,000. 22.40% of the stock is owned by hedge funds and other institutional investors.
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About Himax Technologies
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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