Uncovering Institutional Buying In Himax Technologies ADR (NASDAQ: HIMX)

Currently, there are 174.70M common shares owned by the public and among those 174.69M shares have been available to trade.

The company’s stock has a 5-day price change of -6.31% and 67.24% over the past three months. HIMX shares are trading 20.02% year to date (YTD), with the 12-month market performance up to 74.82% higher. It has a 12-month low price of $4.80 and touched a high of $13.91 over the same period. HIMX has an average intraday trading volume of 3.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.20%, 16.54%, and 43.13% respectively.

Institutional ownership of Himax Technologies ADR (NASDAQ: HIMX) shares accounts for 17.25% of the company’s 174.70M shares outstanding.

It has a market capitalization of $1.69B and a beta (3y monthly) value of 2.19. The stock’s trailing 12-month PE ratio is 21.41, while the earnings-per-share (ttm) stands at $0.45. The company has a PEG of 0.42 and a Quick Ratio of 1.37 with the debt-to-equity ratio at 0.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.65% over the week and 10.36% over the month.

Earnings per share for the fiscal year are expected to increase by 44.52%, and -12.26% over the next financial year. EPS should grow at an annualized rate of 51.08% over the next five years, compared to 42.37% over the past 5-year period.

Looking at the support for the HIMX, a number of firms have released research notes about the stock. Credit Suisse stated their Outperform rating for the stock in a research note on August 11, 2023, with the firm’s price target at $8. Credit Suisse coverage for the Himax Technologies ADR (HIMX) stock in a research note released on July 14, 2022 offered a Neutral rating with a price target of $7. Credit Suisse on their part issued Outperform rating on April 01, 2020.

Most Popular

Related Posts