Himax Technologies, Inc. (NASDAQ:HIMX) has a beta value of 1.01 and has seen 1,422,122 shares traded in the last trading session. The company, currently valued at $720.55 Million, closed the last trade at $3.85 per share which meant it gained $0.23 on the day or 6.35% during that session. The HIMX stock price is -32.47% off its 52-week high price of $5.1 and 55.06% above the 52-week low of $1.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 568.36 Million shares traded. The 3-month trading volume is 1.18 Million shares.
The consensus among analysts is that Himax Technologies, Inc. (HIMX) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.02.
Himax Technologies, Inc. (NASDAQ:HIMX) trade information
Wall Street analysts have a consensus price target for the stock at $5.2, which means that the shares’ value could jump 35.06% from current levels. The projected low price target is $4.3 while the price target rests at a high of $6. In that case, then, we find that the current price level is +55.84% off the targeted high while a plunge would see the stock lose 11.69% from current levels.
Himax Technologies, Inc. (HIMX) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.1% over the past 5 years. Earnings growth for 2020 is a modest -284.7% while over the next 5 years, the company’s earnings are expected to increase by 25%.
Himax Technologies, Inc. (NASDAQ:HIMX)’s Major holders
Insiders own 30.34% of the company shares, while shares held by institutions stand at 8.26% with a share float percentage of 11.85%. Investors are also buoyed by the number of investors in a company, with Himax Technologies, Inc. having a total of 90 institutions that hold shares in the company. The top two institutional holders are Yiheng Capital Management, L.P. with over 6.75 Million shares worth more than $27.94 Million. As of June 29, 2020, Yiheng Capital Management, L.P. held 3.92% of shares outstanding.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 3.26 Million shares as of June 29, 2020. The firm’s total holdings are worth over $13.51 Million and represent 1.9% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Upright Growth Fund and SPDR (R) Ser Tr-SPDRï¿½ Kensho New Economies Composite ETF. As of March 30, 2020, the former fund manager holds about 0.67% shares in the company for having 1159400 shares of worth $3.18 Million while later fund manager owns 853.9 Thousand shares of worth $3.54 Million as of June 29, 2020, which makes it owner of about 0.5% of company’s outstanding stock.