Himax Technologies Sees Unusually High Options Volume (HIMX)
Himax Technologies, Inc. (NASDAQ:HIMX) was the target of some unusual options trading activity on Monday. Investors bought 4,945 put options on the company. This is an increase of approximately 112% compared to the typical volume of 2,337 put options.
Himax Technologies (NASDAQ:HIMX) opened at 10.84 on Thursday. The company has a 50-day moving average of $9.91 and a 200 day moving average of $8.47. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $11.97.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Investment Counsel Inc bought a new stake in Himax Technologies in the 2nd quarter valued at about $109,000. Bank of New York Mellon Corp boosted its holdings in Himax Technologies by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 77 shares during the period. Private Advisor Group LLC bought a new stake in Himax Technologies in the 1st quarter valued at about $130,000. US Bancorp DE boosted its holdings in Himax Technologies by 0.7% in the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock valued at $133,000 after purchasing an additional 100 shares during the period. Finally, Stifel Financial Corp bought a new stake in Himax Technologies in the 2nd quarter valued at about $126,000. 21.70% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on HIMX shares. Vetr lowered shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $9.34 price objective for the company. in a research report on Thursday, June 8th. ValuEngine raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research raised shares of Himax Technologies from a “sell” rating to a “hold” rating and set a $9.00 price objective for the company in a research report on Wednesday, July 12th. Northland Securities reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Himax Technologies in a research report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “underperform” rating and set a $4.00 price objective (down previously from $8.00) on shares of Himax Technologies in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $10.03.
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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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