Himax Technologies, Inc. (NASDAQ:HIMX) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 30,165,389 shares, an increase of 20.2% from the October 13th total of 25,086,294 shares. Based on an average daily volume of 5,334,964 shares, the short-interest ratio is presently 5.7 days.
Several institutional investors have recently modified their holdings of HIMX. Bank of New York Mellon Corp lifted its holdings in shares of Himax Technologies by 0.5% in 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 purchasing an additional 77 shares in the last quarter. Creative Planning lifted its holdings in shares of Himax Technologies by 21.0% in the second quarter. Creative Planning now owns 67,276 shares of the semiconductor company’s stock valued at $552,000 after purchasing an additional 11,686 shares in the last quarter. Cascade Investment Advisors Inc. bought a new stake in shares of Himax Technologies in the second quarter valued at about $560,000. Sheets Smith Wealth Management lifted its holdings in shares of Himax Technologies by 31.4% in the second quarter. Sheets Smith Wealth Management now owns 38,354 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 9,174 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Himax Technologies by 22.4% in the second quarter. US Bancorp DE now owns 17,868 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 3,270 shares in the last quarter. Institutional investors own 21.71% of the company’s stock.
HIMX has been the subject of a number of analyst reports. Cann initiated coverage on Himax Technologies in a research note on Friday, July 14th. They set a “buy” rating for the company. Roth Capital reaffirmed a “buy” rating and set a $10.00 price objective on shares of Himax Technologies in a research note on Tuesday, September 5th. BidaskClub raised Himax Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Northland Securities reaffirmed a “buy” rating and set a $12.00 price objective on shares of Himax Technologies in a research note on Friday, August 4th. Finally, Credit Suisse Group raised Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Himax Technologies has an average rating of “Hold” and an average price target of $10.09.
Himax Technologies (NASDAQ HIMX) opened at $9.93 on Friday. The firm has a market capitalization of $1,720.00, a PE ratio of 88.83, a price-to-earnings-growth ratio of 4.26 and a beta of 0.69. Himax Technologies has a twelve month low of $4.88 and a twelve month high of $11.97.
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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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