Himax Technologies, Inc. (HIMX) Short Interest Update

Himax Technologies, Inc. (NASDAQ:HIMX) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 13,872,948 shares, a drop of 8.6% from the August 15th total of 15,175,280 shares. Based on an average daily volume of 3,231,938 shares, the short-interest ratio is presently 4.3 days.

Shares of Himax Technologies (NASDAQ:HIMX) opened at 10.18 on Wednesday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 93.39 and a beta of 0.80. The stock has a 50 day moving average of $9.28 and a 200 day moving average of $8.27. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $11.97.

Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Himax Technologies by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 77 shares in the last quarter. US Bancorp DE raised its holdings in shares of Himax Technologies by 0.7% during the first quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock valued at $133,000 after acquiring an additional 100 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Himax Technologies by 9.7% during the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 1,583 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Himax Technologies by 19.7% during the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 2,850 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Himax Technologies by 5.2% during the second quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock valued at $555,000 after acquiring an additional 3,320 shares in the last quarter. Institutional investors own 21.70% of the company’s stock.

HIMX has been the topic of a number of research analyst reports. Macquarie restated an “outperform” rating and issued a $12.20 price target (up from $11.00) on shares of Himax Technologies in a research note on Wednesday, September 6th. ValuEngine upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Rosenblatt Securities downgraded shares of Himax Technologies from a “neutral” rating to a “sell” rating and reduced their price target for the company from $7.00 to $6.00 in a research note on Friday, July 21st. Zacks Investment Research downgraded shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Robert W. Baird upgraded shares of Himax Technologies from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $6.00 to $10.00 in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.03.

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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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