Nomura lifts Himax Technologies Inc. [HIMX] price estimate. Who else is bullish?

Related

Share

Himax Technologies Inc. [NASDAQ: HIMX] plunged by -$0.19 during the normal trading session on Tuesday and reaching a high of $13.51 during the day while it closed the day at $12.82. The company report on January 10, 2022 that Himax Technologies, Inc. to Attend Baird 2022 Vehicle Technology & Mobility Virtual Conference on January 25, 2022.

Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will attend Baird 2022 Vehicle Technology & Mobility Virtual Conference on January 25, 2022. Mr. Eric Li, Chief IR/PR Officer of Himax, will make a company presentation on Tuesday, January 25 from 10:50 AM – 11:20 AM EST.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


The Company management will host one-on-one or group meetings with interested investors during the conference dates. Conference participation is by invitation only and registration is mandatory. For more information on the conference or to schedule a one-on-one or group meeting, please contact the conference coordinator at: bairdconferences@rwbaird.com.

Himax Technologies Inc. stock has also gained 3.39% of its value over the past 7 days. However, HIMX stock has inclined by 24.22% in the 3 months of the year. Over the past six months meanwhile, it has lost -13.32% and lost -19.82% year-on date.

The market cap for HIMX stock reached $2.11 billion, with 174.68 million shares outstanding and 148.70 million shares in the current float. Compared to the average trading volume of 3.87M shares, HIMX reached a trading volume of 4901773 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Himax Technologies Inc. [HIMX]:

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 0.95, with the Price to Sales ratio for HIMX stock in the period of the last 12 months amounting to 1.54. The Price to Book ratio for the last quarter was 3.07, with the Price to Cash per share for the same quarter was set at 1.52. Price to Free Cash Flow for HIMX in the course of the last twelve months was 9.59 with Quick ratio for the last quarter at 1.70.

HIMX stock trade performance evaluation

Himax Technologies Inc. [HIMX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.39. With this latest performance, HIMX shares gained by 10.52% in over the last four-week period, additionally sinking by -13.32% over the last 6 months – not to mention a rise of 57.88% 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 52.94, with the RSI for the last a single of trading hit 50.69, and the three-weeks RSI is set at 53.97 for Himax Technologies Inc. [HIMX]. The present Moving Average for the last 50 days of trading for this stock 11.42, while it was recorded at 12.51 for the last single week of trading, and 12.34 for the last 200 days.

Himax Technologies Inc. [HIMX]: An insightful look at the core 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.

>> 7 Top Picks for the Post-Pandemic Economy <<

Himax Technologies Inc. [HIMX]: Insider Ownership positions

There are presently around $593 million, or 28.20% 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 8,898,122, which is approximately -1.025% of the company’s market cap and around 12.30% of the total institutional ownership; ACADIAN ASSET MANAGEMENT LLC, holding 6,198,721 shares of the stock with an approximate value of $79.47 million in HIMX stocks shares; and LAZARD ASSET MANAGEMENT LLC, currently with $38.44 million in HIMX stock with ownership of nearly 18.131% of the company’s market capitalization.

Positions in Himax Technologies Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 99 institutional holders increased their position in Himax Technologies Inc. [NASDAQ:HIMX] by around 13,620,973 shares. Additionally, 69 investors decreased positions by around 7,503,173 shares, while 27 investors held positions by with 25,118,563 shares. The mentioned changes placed institutional holdings at 46,242,709 shares, according to the latest SEC report filing. HIMX stock had 38 new institutional investments in for a total of 1,468,316 shares, while 32 institutional investors sold positions of 3,005,161 shares during the same period.