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.
Read More: 52-Week High/Low Prices For Stock Selection
Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.