Himax Technologies, Inc. (NASDAQ:HIMX) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 26,389,219 shares, a decline of 5.2% from the February 15th total of 27,822,617 shares. Based on an average daily volume of 3,454,196 shares, the days-to-cover ratio is currently 7.6 days.
Himax Technologies (NASDAQ:HIMX) opened at $7.23 on Wednesday. The firm has a market capitalization of $1,240.00, a P/E ratio of 45.19, a P/E/G ratio of 1.75 and a beta of 0.52. Himax Technologies has a 1-year low of $6.40 and a 1-year high of $13.95.
Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $181.10 million for the quarter, compared to analyst estimates of $184.30 million. Himax Technologies had a return on equity of 6.41% and a net margin of 4.08%. The firm’s revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. equities research analysts anticipate that Himax Technologies will post 0.18 EPS for the current year.
Several research firms have weighed in on HIMX. Robert W. Baird boosted their price target on Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. BidaskClub lowered Himax Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Nomura lowered Himax Technologies from a “buy” rating to a “hold” rating and lowered their price target for the stock from $10.00 to $8.00 in a research report on Friday, March 9th. Vetr raised Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price target on the stock in a research report on Tuesday, November 28th. Finally, Zacks Investment Research lowered Himax Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.79.
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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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