Himax Technologies, Inc. (HIMX) Reaches New 12-Month High at $11.14
Himax Technologies, Inc. (NASDAQ:HIMX) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.14 and last traded at $11.20, with a volume of 11,770,193 shares trading hands. The stock had previously closed at $10.46.
Several research analysts have issued reports on the stock. Cann assumed coverage on shares of Himax Technologies in a report on Friday, July 14th. They issued a “buy” rating for the company. Nomura set a $9.00 target price on shares of Himax Technologies and gave the stock a “buy” rating in a report on Saturday, May 13th. Vetr cut shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $9.34 target price for the company. in a report on Thursday, June 8th. Credit Suisse Group raised shares of Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a report on Friday, August 4th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $12.00 target price on shares of Himax Technologies in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $8.70.
The stock’s 50 day moving average is $8.77 and its 200 day moving average is $8.04. The firm has a market capitalization of $1.91 billion, a P/E ratio of 101.74 and a beta of 0.80. Himax Technologies also saw unusually large options trading activity on Tuesday. Traders purchased 10,018 call options on the company. This is an increase of 475% compared to the average daily volume of 1,743 call options.
The firm also recently declared an annual dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, July 27th. This is a positive change from Himax Technologies’s previous annual dividend of $0.12. This represents a yield of 2.71%. Himax Technologies’s dividend payout ratio (DPR) is currently 191.68%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Fort Point Capital Partners LLC purchased a new position in Himax Technologies during the 1st quarter worth approximately $296,000. Bank of Montreal Can raised its position in Himax Technologies by 339.2% during the 1st quarter. Bank of Montreal Can now owns 220,113 shares of the semiconductor company’s stock worth $2,007,000 after buying an additional 170,000 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Himax Technologies by 2,325.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 208,600 shares of the semiconductor company’s stock worth $1,902,000 after buying an additional 200,000 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in Himax Technologies during the 1st quarter worth approximately $432,000. Finally, Two Sigma Securities LLC purchased a new position in Himax Technologies during the 1st quarter worth approximately $175,000. 21.74% of the stock is owned by institutional investors.
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.