Himax (NASDAQ:HIMX) was the target of a significant decline in short interest in March. As of March 29th, there was short interest totalling 25,502,124 shares, a decline of 13.4% from the March 15th total of 29,451,006 shares. Based on an average daily trading volume, of 3,548,964 shares, the days-to-cover ratio is presently 7.2 days. Approximately 14.8% of the shares of the stock are sold short.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC acquired a new position in Himax during the fourth quarter worth $107,000. Two Sigma Securities LLC acquired a new position in Himax during the fourth quarter worth $122,000. Aviance Capital Management LLC boosted its stake in Himax by 1,502.5% during the fourth quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock worth $151,000 after buying an additional 13,598 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Himax during the third quarter worth $193,000. Finally, Northern Trust Corp boosted its stake in Himax by 9.7% during the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after buying an additional 1,583 shares during the last quarter. 33.19% of the stock is currently owned by institutional investors.
Shares of HIMX opened at $7.16 on Friday. Himax has a one year low of $5.97 and a one year high of $13.95. The company has a market cap of $1,239.15, a P/E ratio of 44.75, a PEG ratio of 2.54 and a beta of 0.37.
Himax (NASDAQ:HIMX) last issued its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Himax had a return on equity of 6.41% and a net margin of 4.08%. The firm had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $184.30 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. analysts predict that Himax will post 0.11 EPS for the current fiscal year.
A number of research firms have recently commented on HIMX. Robert W. Baird boosted their price objective on Himax from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. BidaskClub cut Himax from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Nomura cut Himax from a “buy” rating to a “hold” rating and cut their price objective for the company from $10.00 to $8.00 in a research report on Friday, March 9th. Zacks Investment Research cut Himax from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, ValuEngine cut Himax from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Six analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $10.79.
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Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. 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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