In the last trading session, 3,313,360 shares of the Himax Technologies, Inc.(NASDAQ:HIMX) were traded, and its beta was 2.06. Most recently the company’s share price was $15.07, and it changed around $0.91 or 0.06% from the last close, which brings the market valuation of the company to $2.6 Billion. HIMX currently trades at a discount to its 52-week high of $17.88, offering almost -18.65% off that amount. The share price’s 52-week low was $1.73, which indicates that the current value has risen by an impressive 88.52% since then. We note from Himax Technologies, Inc.’s average daily trading volume that its 10-day average is 4.42 Million shares, with the 3-month average coming to 3.77 Million.
Himax Technologies, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.2. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended HIMX as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Himax Technologies, Inc. is expected to report earnings per share of $0.31 for the current quarter.
Himax Technologies, Inc. (NASDAQ:HIMX): Trading Information
Instantly HIMX has showed a green trend with a performance of 6.43% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $16.73 on Tuesday, Feb 16 increased the stock’s daily price by 9.92%. The company’s shares are currently up 1.04% year-to-date, but still down -0.0131 over the last five days. On the other hand, Himax Technologies, Inc. (NASDAQ:HIMX) is 0.8% up in the 30-day period. We can see from the shorts that 2.29 Million shares have been sold at a short interest cover period of 0.61 day(s).
The consensus price target as assigned by Wall Street analysts is $16, which translates to bears needing to increase their stock price by 6.17% from its current value. Analyst projections state that HIMX is forecast to be at a low of $13 and a high of $18. In order for the stock price to hit the forecast high, the stock would need to surge +19.44% from its current level, while the stock would need to crash -13.74% from its current level to reach the projected low.
Himax Technologies, Inc. (HIMX) projections and forecasts
Himax Technologies, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +285.42 percent over the past six months and at a 283.33% annual growth rate that is well above the industry average of 20.5%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +1450% in revenue this quarter, and will report an increase of 2900% in the next quarter. The year-over-year growth rate is expected to be 35.2%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $294.98 Million in revenue for the current quarter. 3 analysts expect Himax Technologies, Inc. to make $302.7 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $184.95 Million and $179Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 59.5%. Forecasts for the next quarter put sales growth at 69.1%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 30%. Himax Technologies, Inc. earnings are expected to increase by 789.1% in 2021, but the outlook is positive 25% per year for the next five years.
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Himax Technologies, Inc. (NASDAQ:HIMX)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 21.66% of Himax Technologies, Inc. shares, and 13.48% of them are in the hands of institutional investors. The stock currently has a share float of 17.2%. Himax Technologies, Inc. stock is held by 97 institutions, with Yiheng Capital Management, L.P. being the largest institutional investor. By Sep 29, 2020, it held 3.92% of the shares, which is about 6.75 Million shares worth $24.03 Million.
Renaissance Technologies, LLC, with 1.89% or 3.26 Million shares worth $24.06 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.