As of Wednesday, Himax Technologies Inc.’s (NASDAQ:HIMX) stock closed at $7.16, up from $6.97 the previous day. While Himax Technologies Inc. has overperformed by 2.73%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HIMX fell by -47.89%, with highs and lows ranging from $16.50 to $6.18, whereas the simple moving average fell by -29.29% in the last 200 days.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
On July 14, 2022, Credit Suisse Downgraded Himax Technologies Inc. (NASDAQ: HIMX) to Neutral. A report published by Nomura on April 07, 2022, Downgraded its rating to ‘Neutral’ for HIMX. Robert W. Baird initiated its ‘Outperform’ rating for HIMX, as published in its report on March 25, 2020. Lake Street’s report from January 31, 2020 suggests a price prediction of $5 for HIMX shares, giving the stock a ‘Buy’ rating. Credit Suisse also rated the stock as ‘Neutral’.
Analysis of Himax Technologies Inc. (HIMX)
Investors in Himax Technologies Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.25 per share. Further, the quarter-over-quarter increase in sales is 33.60%, showing a positive trend in the upcoming months.
One of the most important indicators of Himax Technologies Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 60.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and HIMX is recording 2.71M average volume. On a monthly basis, the volatility of the stock is set at 5.43%, whereas on a weekly basis, it is put at 4.88%, with a loss of -0.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.18, showing growth from the present price of $7.16, which can serve as yet another indication of whether HIMX is worth investing in or should be passed over.
How Do You Analyze Himax Technologies Inc. Shares?
The Semiconductors market is dominated by Himax Technologies Inc. (HIMX) based in the Taiwan. When comparing Himax Technologies Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 2.58, there is a growth in quarterly earnings of 73.10%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 12.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 23.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in HIMX shares?
The recent increase in stakes in HIMX appears to be a result of several institutional investors and hedge funds increasing their positions. Yiheng Capital Management LP’s position in HIMX has decreased by -13.11% in the first quarter. The company now owns 7,739,072 shares of the stock, with a value of $57.89 million, following the sale of -1,168,150 additional shares during the last quarter. Lazard Asset Management LLC made another increased to its shares in HIMX during the first quarter, upping its stake by 42.79%. During the last quarter, the company picked up 1,203,057 additional shares for a total stake of worth $30.03 million, bringing number of shares owned by the company to 4,014,668.
During the first quarter, AllianceBernstein LP added a 148,339 position in HIMX. Acadian Asset Management LLC sold an additional -1.88 million shares in the last quarter, decreasing its holdings by -45.41%, now holding 2.26 million shares worth $16.91 million. At the end of the first quarter, Caption Management LLC increased its HIMX holdings by 29.57% and now holds 2.26 million HIMX shares valued at $16.89 million with the added 0.52 million shares during the period. HIMX shares are owned by institutional investors to the tune of 23.10% at present.