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

Himax Technologies Inc. [NASDAQ: HIMX] loss -8.85% on the last trading session, reaching $6.59 price per share at the time. The company report on June 20, 2022 that Himax Technologies, Inc. Announces Updates on Second Quarter 2022 Financial Guidance.

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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, today announced updates on the second quarter 2022 financial guidance for the three months ending June 30, 2022. The revised second quarter revenues and EPS are lower than the forward-looking guidance provided on May 12, 2022. The gross margin guidance remains unchanged.

Revenues are expected to decrease 22% – 27% sequentially, lower than the previous guidance of 16% – 20% sequential decline.

Himax Technologies Inc. represents 174.69 million in outstanding shares, while the company has a total market value of $1.19 billion with the latest information. HIMX stock price has been found in the range of $6.55 to $7.12.

If compared to the average trading volume of 2.71M shares, HIMX reached a trading volume of 5146982 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Himax Technologies Inc. [HIMX]:

Nomura have made an estimate for Himax Technologies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 07, 2022. The new note on the price target was released on January 27, 2021, representing the official price target for Himax Technologies Inc. stock.

The Average True Range (ATR) for Himax Technologies Inc. is set at 0.53, with the Price to Sales ratio for HIMX stock in the period of the last 12 months amounting to 0.72. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 2.48. Price to Free Cash Flow for HIMX in the course of the last twelve months was 3.46 with Quick ratio for the last quarter at 1.70.

Trading performance analysis for HIMX stock

Himax Technologies Inc. [HIMX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.37. With this latest performance, HIMX shares dropped by -31.28% in over the last four-week period, additionally sinking by -58.79% over the last 6 months – not to mention a drop of -55.29% 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 23.69, with the RSI for the last a single of trading hit 16.85, and the three-weeks RSI is set at 28.90 for Himax Technologies Inc. [HIMX]. The present Moving Average for the last 50 days of trading for this stock 8.98, while it was recorded at 7.55 for the last single week of trading, and 10.49 for the last 200 days.

Himax Technologies Inc. [HIMX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Himax Technologies Inc. [HIMX] shares currently have an operating margin of +35.23 and a Gross Margin at +47.41. Himax Technologies Inc.’s Net Margin is presently recorded at +28.24.

Return on Equity for this stock inclined to 64.86, with Return on Assets sitting at 34.84.

Himax Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.10.

An analysis of insider ownership at Himax Technologies Inc. [HIMX]

There are presently around $264 million, or 22.80% 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 7,739,072, which is approximately -13.115% of the company’s market cap and around 12.30% of the total institutional ownership; LAZARD ASSET MANAGEMENT LLC, holding 4,014,668 shares of the stock with an approximate value of $29.03 million in HIMX stocks shares; and ALLIANCEBERNSTEIN L.P., currently with $26.97 million in HIMX stock with ownership of nearly 4.141% of the company’s market capitalization.

Positions in Himax Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 73 institutional holders increased their position in Himax Technologies Inc. [NASDAQ:HIMX] by around 6,020,752 shares. Additionally, 80 investors decreased positions by around 16,311,233 shares, while 31 investors held positions by with 14,248,975 shares. The mentioned changes placed institutional holdings at 36,580,960 shares, according to the latest SEC report filing. HIMX stock had 28 new institutional investments in for a total of 1,689,493 shares, while 38 institutional investors sold positions of 5,350,693 shares during the same period.


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