Himax Technologies Sees Unusually Large Options Volume (NASDAQ:HIMX)

Himax Technologies, Inc. (NASDAQ:HIMX) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 2,970 call options on the company. This is an increase of 200% compared to the average daily volume of 990 call options.

Several equities research analysts have recently commented on HIMX shares. Zacks Investment Research cut Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, May 15th. ValuEngine cut Himax Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, April 1st. BidaskClub cut Himax Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 7th. Robert W. Baird started coverage on Himax Technologies in a research note on Wednesday, March 25th. They set an “outperform” rating and a $6.00 price objective for the company. Finally, Northland Securities reaffirmed a “hold” rating and set a $3.50 price objective on shares of Himax Technologies in a research note on Monday, May 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.13.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HIMX. US Bancorp DE lifted its holdings in Himax Technologies by 35.3% during the 1st quarter. US Bancorp DE now owns 18,707 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 4,881 shares during the last quarter. Full Sail Capital LLC acquired a new stake in Himax Technologies during the 1st quarter valued at $33,000. Voloridge Investment Management LLC acquired a new stake in Himax Technologies during the 1st quarter valued at $37,000. Engineers Gate Manager LP acquired a new stake in Himax Technologies during the 1st quarter valued at $38,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Himax Technologies by 2,341.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 15,989 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 15,334 shares during the last quarter. Institutional investors and hedge funds own 10.73% of the company’s stock.

Shares of Himax Technologies stock traded up $0.61 during trading on Tuesday, reaching $3.87. The stock had a trading volume of 105,640 shares, compared to its average volume of 991,977. The company has a market capitalization of $604.34 million, a price-to-earnings ratio of -88.75 and a beta of 0.90. The stock has a fifty day moving average price of $3.22 and a two-hundred day moving average price of $3.39. Himax Technologies has a 52 week low of $1.70 and a 52 week high of $5.10.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Himax Technologies had a negative return on equity of 1.62% and a negative net margin of 1.15%. The company had revenue of $184.60 million for the quarter, compared to analyst estimates of $187.49 million. During the same period in the previous year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that Himax Technologies will post -0.06 earnings per share for the current fiscal year.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.

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