Himax Technologies Inc. [HIMX] Stock trading around $13.20 per share: What’s Next?

Himax Technologies Inc. [NASDAQ: HIMX] price plunged by -0.30 percent to reach at -$0.04. The company report on April 19, 2021 that Himax Technologies and CM Visual Technology Jointly Announce Microstructure Optical Film for Automotive Panel Customers.

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Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, and CM Visual Technology Corp. (CMVT), a Taiwan-based company dedicated to microstructure optical film design and manufacturing, jointly announced their microstructure optical film, Omniwide Film, for resolving optical display performance challenges in certain types of display panel applications. In October 2020, Himax made a strategic cash investment to acquire 66.71% of the common shares of CMVT to become the largest shareholder. Since joining Himax, CMVT’s Omniwide Film has received greater recognition from leading TV brands and designed-in automotive panel platforms.

“CMVT has industry-leading microstructure optical film design capabilities along with nearly ten years of service and mass production experience. Its microstructure optical film, Omniwide Film, features optimized optical compensation and can be applied to various types of displays that are in high demand from Himax’s focused customer base,” said Dr. Biing-Seng Wu, Chairman of Himax. “Meanwhile, CMVT has developed its own unique optical simulation and design expertise as well as optical mold engraving technology. We believe this collaborative investment will strengthen our position and create positive technological synergies for Himax’s ever-growing optical-related product development.”.

A sum of 6317230 shares traded at recent session while its average daily volume was at 4.17M shares. Himax Technologies Inc. shares reached a high of $13.60 and dropped to a low of $12.73 until finishing in the latest session at $13.20.

The one-year HIMX stock forecast points to a potential upside of 10.57. The average equity rating for HIMX stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Himax Technologies Inc. [HIMX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HIMX shares is $14.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HIMX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Nomura have made an estimate for Himax Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 27, 2021. The new note on the price target was released on April 01, 2020, representing the official price target for Himax Technologies Inc. stock. Previously, the target price had yet another raise to $6, while Robert W. Baird analysts kept a Outperform rating on HIMX stock. On January 31, 2020, analysts increased their price target for HIMX shares from 2.50 to 5.

The Average True Range (ATR) for Himax Technologies Inc. is set at 0.92, with the Price to Sales ratio for HIMX stock in the period of the last 12 months amounting to 2.68. The Price to Book ratio for the last quarter was 4.78, with the Price to Cash per share for the same quarter was set at 1.12. Price to Free Cash Flow for HIMX in the course of the last twelve months was 24.56 with Quick ratio for the last quarter at 1.70.

HIMX Stock Performance Analysis:

Himax Technologies Inc. [HIMX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.85. With this latest performance, HIMX shares dropped by -6.91% in over the last four-week period, additionally plugging by 273.94% over the last 6 months – not to mention a rise of 319.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HIMX stock in for the last two-week period is set at 49.52, with the RSI for the last a single of trading hit 47.87, and the three-weeks RSI is set at 50.64 for Himax Technologies Inc. [HIMX]. The present Moving Average for the last 50 days of trading for this stock 13.11, while it was recorded at 13.41 for the last single week of trading, and 7.73 for the last 200 days.

Insight into Himax Technologies Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Himax Technologies Inc. [HIMX] shares currently have an operating margin of +6.53 and a Gross Margin at +23.01. Himax Technologies Inc.’s Net Margin is presently recorded at +5.31.

Return on Total Capital for HIMX is now 8.83, given the latest momentum, and Return on Invested Capital for the company is 9.68. Return on Equity for this stock inclined to 10.34, with Return on Assets sitting at 5.47. When it comes to the capital structure of this company, Himax Technologies Inc. [HIMX] has a Total Debt to Total Equity ratio set at 36.02. Additionally, HIMX Total Debt to Total Capital is recorded at 26.48, with Total Debt to Total Assets ending up at 19.01. Long-Term Debt to Equity for the company is recorded at 12.47, with the Long-Term Debt to Total Capital now at 9.17.

Reflecting on the efficiency of the workforce at the company, Himax Technologies Inc. [HIMX] managed to generate an average of $22,971 per employee. Receivables Turnover for the company is 4.32 with a Total Asset Turnover recorded at a value of 1.03.Himax Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.00.

HIMX Stock EPS

With the latest financial reports released by the company, Himax Technologies Inc. posted 0.02/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HIMX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Himax Technologies Inc. go to 25.00%.

Himax Technologies Inc. [HIMX] Insider Position Details

There are presently around $348 million, or 16.10% of HIMX stock, in the hands of institutional investors. The top three institutional holders of HIMX stocks are: YIHENG CAPITAL MANAGEMENT, L.P. with ownership of 6,749,527, which is approximately 0% of the company’s market cap and around 12.30% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 3,255,460 shares of the stock with an approximate value of $43.1 million in HIMX stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $24.62 million in HIMX stock with ownership of nearly 55.322% of the company’s market capitalization.

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Positions in Himax Technologies Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 63 institutional holders increased their position in Himax Technologies Inc. [NASDAQ:HIMX] by around 6,458,133 shares. Additionally, 34 investors decreased positions by around 1,959,919 shares, while 20 investors held positions by with 17,871,775 shares. The mentioned changes placed institutional holdings at 26,289,827 shares, according to the latest SEC report filing. HIMX stock had 31 new institutional investments in for a total of 2,498,806 shares, while 13 institutional investors sold positions of 715,411 shares during the same period.

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