Shares of Himax (NASDAQ:HIMX) traded down 5.2% during trading on Wednesday . The company traded as low as $7.21 and last traded at $7.33. 2,935,810 shares traded hands during trading, a decline of 19% from the average session volume of 3,607,496 shares. The stock had previously closed at $7.73.
A number of analysts have commented on the stock. ValuEngine raised shares of Himax from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. Zacks Investment Research raised shares of Himax from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 9th. BidaskClub raised shares of Himax from a “sell” rating to a “hold” rating in a report on Monday, April 16th. Roth Capital reaffirmed a “neutral” rating on shares of Himax in a report on Thursday, March 15th. Finally, Nomura cut shares of Himax from a “buy” rating to a “hold” rating and reduced their target price for the company from $10.00 to $8.00 in a report on Friday, March 9th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.79.
The company has a market capitalization of $1.26 billion, a PE ratio of 45.38, a price-to-earnings-growth ratio of 2.44 and a beta of 0.36.
Himax (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, May 10th. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $162.85 million during the quarter, compared to analysts’ expectations of $160.67 million. Himax had a net margin of 3.43% and a return on equity of 5.53%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. equities research analysts anticipate that Himax will post 0.12 EPS for the current fiscal year.
Several large investors have recently modified their holdings of HIMX. Bloom Tree Partners LLC bought a new position in shares of Himax during the first quarter worth $14,780,000. KADENSA CAPITAL Ltd bought a new position in shares of Himax during the fourth quarter worth $8,202,000. CI Investments Inc. boosted its position in shares of Himax by 74.6% during the fourth quarter. CI Investments Inc. now owns 1,162,000 shares of the semiconductor company’s stock worth $12,108,000 after acquiring an additional 496,300 shares during the last quarter. QVT Financial LP bought a new position in shares of Himax during the fourth quarter worth $5,038,000. Finally, NF Trinity Capital Hong Kong Ltd bought a new position in shares of Himax during the fourth quarter worth $4,897,000. Hedge funds and other institutional investors own 25.19% of the company’s stock.
Himax 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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