Himax Technologies, Inc. (NASDAQ:HIMX) down -12.89% over the past 30 days: Any Troubles Ahead? – Marketing Sentinel

Himax Technologies, Inc. (NASDAQ:HIMX) down -12.89% over the past 30 days: Any Troubles Ahead?

In last trading session, Himax Technologies, Inc. (NASDAQ:HIMX) saw 5,353,385 shares changing hands with its beta currently measuring 1.95. Company’s recent per share price level of $11.96 trading at -$0.83 or -6.49% at ring of the bell on the day assigns it a market valuation of $2.08 Billion. That closing price of HIMX’s stock is at a discount of -49.5% from its 52-week high price of $17.88 and is indicating a premium of 76.51% from its 52-week low price of $2.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.11 Million shares which gives us an average trading volume of 4.13 Million if we extend that period to 3-months.

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For Himax Technologies, Inc. (HIMX), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.2. Splitting up the data highlights that, out of 4 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.35 in the current quarter.

Himax Technologies, Inc. (NASDAQ:HIMX) trade information

In the face of being in the red during last session for losing -6.49%, in the last five days HIMX remained trading in the green while hitting it’s week-highest on Friday, Apr 09 when the stock touched $16.05- price level, adding 25.5% to its value on the day. Himax Technologies, Inc.’s shares saw a change of 61.84% in year-to-date performance and have moved -22.84% in past 5-day. Himax Technologies, Inc. (NASDAQ:HIMX) showed a performance of -12.89% in past 30-days. Number of shares sold short was 2.95 Million shares which calculate 0.71 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $17.38 to the stock, which implies a rise of 45.32% to its current value. Analysts have been projecting $13 as a low price target for the stock while placing it at a high target of $21.5. It follows that stock’s current price would jump +79.77% in reaching the projected high whereas dropping to the targeted low would mean a loss of 8.7% for stock’s current value.

Himax Technologies, Inc. (HIMX) estimates and forecasts

Statistics highlight that Himax Technologies, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +220.64% of value to its shares in past 6 months, showing an annual growth rate of 300% while that of industry is 30.3. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 1650% in the current quarter and calculating 2900% increase in the next quarter. This year revenue growth is estimated to rise 37.8% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $299.17 Million for the same. And 3 analysts are in estimates of company making revenue of $302.7 Million in the next quarter that will end on June 01, 2021. Company posted $184.95 Million and $179Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 61.8% while estimating it to be 69.1% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 13.1% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 444.5% while estimates for its earnings growth in next 5 years are of 25%

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Himax Technologies, Inc. (NASDAQ:HIMX)’s Major holders

Insiders are in possession of 21.46% of company’s total shares while institution are holding 16.06% percent of that, with stock having share float percentage of 20.45%. Investors also watch the number of corporate investors in a company very closely, which is 115 institutions for Himax Technologies, Inc. that are currently holding shares of the company. Yiheng Capital Management, L.P. is the top institutional holder at HIMX for having 6.75 Million shares of worth $49.88 Million. And as of December 30, 2020, it was holding 3.88% of the company’s outstanding shares.

The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 3.26 Million shares on December 30, 2020. The number of shares represents firm’s hold over 1.87% of outstanding shares, having a total worth of $24.06 Million.

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On the other hand, Upright Growth Fund and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF are the top two Mutual Funds which own company’s shares. As of December 30, 2020, the former fund manager was holding 1159400 shares of worth $8.57 Million or 0.67% of the total outstanding shares. The later fund manager was in possession of 448.89 Thousand shares on March 30, 2021, making its stake of worth around $6.13 Million in the company or a holder of 0.26% of company’s stock.

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