Yiheng Capital LLC has recently announced that it has increased stake in Himax Technologies Inc. (NASDAQ:HIMX) by 25.94%. After grabbing 6.75 million shares, the institutional investor is now in possession of 1.39 million shares of the Technology Company. The new investment brought the stake of investor firm to 3.92% having worth around $26.19 million. Moreover, Kennedy Capital Management, Inc. increased its share by 0.35 million to have a control over 1.4 million shares. And Morgan Stanley & Co. LLC raised its holdings to 0.23 million shares by acquiring 1.07 million shares or 0.62% of the stake.
Himax Technologies Inc. (HIMX) concluded trading on 08/27/20 at a closing price of $3.70, with 1.04 million shares of worth about $3.83 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -5.13% during that period and on Thursday the price saw a loss of about -3.90%. Currently the company’s common shares owned by public are about 172.18M shares, out of which, 123.54M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the HIMX stock and their offered price forecasts bring an average price target of $5.20. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $4.30. Analysts also issued an outlook of 2.30 for the Himax Technologies Inc. stock for next 12 months. The stock’s current price level is 21.61% above of average price target set by the analysts, while a rise to estimated low would result in gain of 13.95 for the stock. However, touching the estimated high of $6.00 would mean a gain of 38.33% for the stock.
Upright Growth Fund, SPDR S&P Kensho New Economies Com, and Signature Emerging Markets Corpor are the top 3 mutual funds which are holding stakes in Himax Technologies Inc. Upright Growth Fund is currently holding 1.16 million shares of worth totaling $4.5 million. The company recently came buying 0.0 shares which brought its stake up to 0.67% of the company’s outstanding shares. Signature Emerging Markets Corpor, after buying 0.28 million shares, have now control over 0.17% of the stake in the company. It holds 0.28 million shares of worth $1.1 million.
Himax Technologies Inc. (NASDAQ: HIMX) started trading at $3.85, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $3.70, or with a loss of -3.90%. Stock saw a price change of -5.13% in past 5 days and over the past one month there was a price change of -6.09%. Year-to-date (YTD), HIMX shares are showing a performance of 39.10% which increased to 101.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.70 but also hit the highest price of $5.10 during that period. While comparing its average daily trading volume of 1.28 million shares, we see that about 1.04 million changed hands on the day. The stock is currently trading -6.97% below its 20-day simple moving average (SMA20), while that difference is down -3.47% for SMA50 and it goes to 9.03% higher than SMA200.
Yiheng Capital LLC acquired 6.75 million shares of Himax Technologies Inc. having value of about $26.19 million. Data submitted at the U.S SEC by Yiheng Capital LLC revealed that the firm now holds 1.39 million shares in the company valued at close to $5144228.4, or have control over 25.94% stake in the company. Himax Technologies Inc. (NASDAQ: HIMX) currently have 172.18M outstanding shares and institutions hold larger chunk of about 13.50% of that. Holding of mutual funds in the company is about 1.82% while other institutional holders and individual stake holders have control over 11.58% and — of the stake respectively.
The stock has a current market capitalization of $652.13M and its 3Y-monthly beta is at 0.98. It has posted earnings per share of -$0.02 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HIMX, volatility over the week remained 3.11% while standing at 4.49% over the month.
Analysts are in expectations that Himax Technologies Inc. (HIMX) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter ESPS is $0.01 and it is $0.22 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is $0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -284.70% while it is estimated to increase by 193.33% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of -17.10% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the Himax Technologies Inc. (HIMX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 4 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on April 01, 2020 offering an Outperform rating for the stock and assigned a target price of to it. Coverage by Robert W. Baird stated Himax Technologies Inc. (HIMX) stock as an Outperform in their note to investors on March 25, 2020, suggesting a price target of $6 for the stock. On January 31, 2020, Lake Street Upgrade their recommendations, while on January 06, 2020, Credit Suisse Upgrade their ratings for the stock with a price target of $3. Stock get an Underperform rating from Credit Suisse on August 09, 2019.