While Himax Technologies ADR has underperformed by -0.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HIMX fell by -30.58%, with highs and lows ranging from $8.20 to $5.22, whereas the simple moving average fell by -11.86% in the last 200 days.
On August 11, 2023, Credit Suisse Upgraded Himax Technologies ADR (NASDAQ: HIMX) to Outperform. A report published by Credit Suisse on July 14, 2022, Downgraded its rating to ‘Neutral’ for HIMX. Nomura also Downgraded HIMX shares as ‘Neutral’, setting a target price of $11 on the company’s shares in a report dated April 07, 2022. Credit Suisse April 01, 2020d its ‘Neutral’ rating to ‘Outperform’ for HIMX, as published in its report on April 01, 2020. Robert W. Baird’s report from March 25, 2020 suggests a price prediction of $6 for HIMX shares, giving the stock a ‘Outperform’ rating. Lake Street also rated the stock as ‘Buy’.
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Analysis of Himax Technologies ADR (HIMX)
The current dividend for HIMX investors is set at $0.48 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -12.29%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Himax Technologies ADR’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 5.82% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.39, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and HIMX is recording an average volume of 795.55K. On a monthly basis, the volatility of the stock is set at 3.52%, whereas on a weekly basis, it is put at 2.83%, with a loss of -4.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.50, showing growth from the present price of $5.38, 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 ADR Shares?
Himax Technologies ADR (HIMX) is based in the Taiwan and is one of the most prominent companies operating in the Semiconductors market. When comparing Himax Technologies ADR 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 18.48, there is a growth in quarterly earnings of -43.50%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 0.00%. 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 13.54% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HIMX shares are owned by institutional investors to the tune of 13.54% at present.
