Himax Technologies, Inc. (HIMX) Short Interest Update

Himax Technologies, Inc. (NASDAQ:HIMX) saw a significant decline in short interest in the month of December. As of December 29th, there was short interest totalling 25,649,541 shares, a decline of 8.0% from the December 15th total of 27,873,411 shares. Based on an average daily volume of 4,334,427 shares, the days-to-cover ratio is currently 5.9 days.

Himax Technologies (NASDAQ:HIMX) opened at $10.70 on Friday. Himax Technologies has a one year low of $4.88 and a one year high of $13.95. The stock has a market cap of $1,840.00, a PE ratio of 178.33, a PEG ratio of 1.78 and a beta of 0.85.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Himax Technologies from a “sell” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday. Instinet restated a “buy” rating and issued a $12.00 price objective (up from $10.00) on shares of Himax Technologies in a research note on Tuesday, September 26th. Roth Capital lifted their price objective on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, September 26th. Credit Suisse Group set a $15.00 price objective on shares of Himax Technologies and gave the company a “buy” rating in a research note on Thursday. Finally, BidaskClub upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Himax Technologies currently has an average rating of “Buy” and an average price target of $10.93.

Several institutional investors have recently modified their holdings of HIMX. FMR LLC increased its stake in shares of Himax Technologies by 54.9% during the second quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock worth $74,253,000 after acquiring an additional 3,209,380 shares during the period. CI Investments Inc. acquired a new position in Himax Technologies during the third quarter worth about $7,276,000. Quentec Asset Management LLC grew its position in Himax Technologies by 28.5% during the third quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock worth $29,137,000 after buying an additional 591,273 shares during the period. Kayak Investment Partners LLC grew its position in Himax Technologies by 22.3% during the second quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock worth $21,598,000 after buying an additional 479,400 shares during the period. Finally, Yiheng Capital LLC grew its position in Himax Technologies by 36.4% during the third quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock worth $13,936,000 after buying an additional 340,104 shares during the period. Institutional investors and hedge funds own 26.90% of the company’s stock.

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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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