Short Interest in Himax Technologies, Inc. (HIMX) Increases By 14.7%

Himax Technologies, Inc. (NASDAQ:HIMX) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 25,323,706 shares, a growth of 14.7% from the January 12th total of 22,072,003 shares. Based on an average daily volume of 6,299,097 shares, the days-to-cover ratio is presently 4.0 days.

Himax Technologies (NASDAQ:HIMX) traded up $0.26 during midday trading on Friday, reaching $8.01. 3,501,623 shares of the company’s stock were exchanged, compared to its average volume of 5,048,319. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $13.95. The company has a market cap of $1,370.00, a P/E ratio of 132.83, a price-to-earnings-growth ratio of 1.16 and a beta of 0.46.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Himax Technologies had a net margin of 1.25% and a return on equity of 2.10%. The firm had revenue of $197.15 million for the quarter, compared to the consensus estimate of $191.28 million. sell-side analysts expect that Himax Technologies will post 0.16 EPS for the current fiscal year.

Several brokerages have recently weighed in on HIMX. Vetr downgraded shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $14.98 target price for the company. in a research note on Monday, December 4th. Morgan Stanley downgraded shares of Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 target price for the company. in a research note on Monday, November 27th. Credit Suisse Group set a $15.00 target price on shares of Himax Technologies and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Himax Technologies from a “sell” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, January 12th. Finally, BidaskClub downgraded shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.86.

A number of hedge funds and other institutional investors have recently bought and sold shares of HIMX. Aperio Group LLC bought a new position in shares of Himax Technologies in the 4th quarter worth about $107,000. Stifel Financial Corp bought a new position in shares of Himax Technologies in the 2nd quarter worth about $126,000. BlueCrest Capital Management Ltd bought a new position in shares of Himax Technologies in the 2nd quarter worth about $145,000. Northern Trust Corp lifted its position in shares of Himax Technologies by 9.7% in the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after buying an additional 1,583 shares during the last quarter. Finally, Aviance Capital Management LLC lifted its position in shares of Himax Technologies by 1,502.5% in the 4th quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock worth $151,000 after buying an additional 13,598 shares during the last quarter. Hedge funds and other institutional investors own 26.99% of the company’s stock.

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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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