Himax Technologies, Inc. (HIMX) Short Interest Up 35.2% in September
Himax Technologies, Inc. (NASDAQ:HIMX) saw a large growth in short interest during the month of September. As of September 29th, there was short interest totalling 23,735,265 shares, a growth of 35.2% from the September 15th total of 17,555,654 shares. Based on an average trading volume of 6,841,980 shares, the short-interest ratio is presently 3.5 days.
Shares of Himax Technologies (NASDAQ HIMX) opened at 9.55 on Thursday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 87.61 and a beta of 0.79. The stock’s 50 day moving average is $10.21 and its 200 day moving average is $8.52. Himax Technologies has a 52 week low of $4.88 and a 52 week high of $11.97.
A number of research firms recently weighed in on HIMX. Vetr lowered shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $12.04 target price on the stock. in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, October 4th. Instinet restated a “buy” rating and issued a $12.00 target price (up previously from $10.00) on shares of Himax Technologies in a report on Tuesday, September 26th. Roth Capital upped their target price on shares of Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, September 26th. Finally, Robert W. Baird upgraded shares of Himax Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $6.00 to $10.00 in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Himax Technologies presently has a consensus rating of “Buy” and an average 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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