Himax Technologies, Inc. (HIMX) Stock: Is This Technology Stock Worth Your Investment?

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Himax Technologies, Inc. (HIMX) is making a move down in the market today. The stock, one that is focused on the tech sector, is presently trading at $3.15 after a move down of -5.97% so far in today’s session. When it comes to technology companies, there are a number of factors that have the potential to cause movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines relating to HIMX:

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Jul-11-19 01:16PM Tech Stocks To Watch Closely
Jul-09-19 11:31AM Is Himax Technologies a Buy?
Jun-25-19 10:36AM Investors In Himax Technologies, Inc. (NASDAQ:HIMX) Should Consider This, First
10:34AM Consider This Before Buying Himax Technologies, Inc. (NASDAQ:HIMX) For The 3.0% Dividend
Jun-19-19 06:00AM Himax Technologies Retains MZ Group as its Investor Relations Advisor

However, when making a decision with regard to investing, investors should take a look at much more than news, especially in the ever changing tech space. Here’s what’s happening in regard to Himax Technologies, Inc..

The Performance That We’ve Seen From HIMX

Although a move toward the top in a single session, like what we’re seeing from Himax Technologies, Inc. might cause fear in some investors, a single session move by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s always a good idea to look at trends for a period longer than a single session. In the case of HIMX, below are the movements that we have seen:

  • Weekly – Over the past 7 days, HIMX has seen a change in price that amounts to -5.90%.
  • Past 30 Days – The monthly ROI from Himax Technologies, Inc. comes to -1.18%.
  • Past Three Months – Over the past three months, the stock has produced a return on investment that comes to 1.52%
  • Bi-Annually – Throughout the last 6 months, we’ve seen a change that equates to -15.40% from the stock.
  • YTD – Since the close of last year HIMX has resulted in a ROI of -2.33%.
  • Full Year – Lastly, in the last year, investors have seen a change that works out to -55.33% from HIMX. Over this period of time, the stock has traded at a high price of -61.59% and a low of 11.31%.

Key Ratios

Digging into a few ratios having to do with a stock generally gives traders a look of just how risky and/or rewarding a pick may be. Below are some of the important ratios to consider when digging into HIMX.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the price of the stock is going to fall. Across the sector, strong tech stocks tend to come with a lower short ratio. However, we also see quite a few short squeezes in the sector. Nonetheless, as it relates to Himax Technologies, Inc., the stock’s short ratio clocks in at 10.54.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay its debts as they mature based on current assets or quick assets. Because in tech, companies are heavily reliant on continued support from investors as they work to bring new technologies to market, these ratios can be damning. However, some gems in the technology industry come with strong quick and current ratios. When it comes to HIMX, the quick and current ratios work out to 1.20 and 1.60 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets that are owned by the company. In this case, the book to share value ratio comes in at 5.15.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. In the case of HIMX, the cash to share value works out to 0.64.

What Institutions And Insiders Think Of Himax Technologies, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in HIMX, here’s what we’re seeing:

Institutions own 10.50% of the company. Institutional interest has moved by -40.89% over the past three months. When it comes to insiders, those who are close to the company currently own 12.30% percent of HIMX shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions With Regard To Himax Technologies, Inc.

Although it’s never a good idea to blindly follow the opinions of analysts, it is a good idea to use their opinions in order to validate your own when it comes to making an investment decision in the technology space. Below you’ll find the recent moves that we’ve seen from analysts when it comes to HIMX.

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Jul-12-19 Downgrade ROTH Capital Buy → Neutral $5 → $3.50
May-30-19 Upgrade ROTH Capital Neutral → Buy
Jan-25-19 Downgrade Lake Street Buy → Hold $7 → $4
Nov-20-18 Downgrade ROTH Capital Buy → Neutral
Nov-09-18 Downgrade Credit Suisse Outperform → Neutral

What We’ve Seen In Financial Results

What have ween seen from HIMX in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands at the moment, Wall Street analysts have expectations that Himax Technologies, Inc. will come up with earnings per diluted share that totals up to be 0.10, with -0.03 being reported in the earnings report for the current quarter. Although this is not based on earnings, since we’re talking about analysts, Himax Technologies, Inc. is currently graded as a 2.80 considering a scale that ranges from 1 to 5 on which 1 is the worst average analyst grade and 5 is the best rating.
  • 5-Year Sales – Throughout the last 5 years, Himax Technologies, Inc. has generated a change in sales that works out to be -1.30%. Earnings per diluted share in the last half decade have seen movement in the amount of -34.60%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is generally represented in the human world, HIMX has generated a change in earnings that comes to a total of 18.00%. The company has also experienced movement with regard to revenue in the amount of 0.20%.

Looking At Share Counts

Investors and traders tend to be interested in the counts of shares both available and outstanding. As it relates to Himax Technologies, Inc., currently there are 170.17M with a float of 148.70M. These numbers mean that out of the total of 170.17M shares of HIMX in existence today, 148.70M are able to trade hands by the public.

It’s also important to take a look at the short float. After all, if a high percentage of the float available for trading is sold short, the overall feeling in the market is that the stock is going to fall hard. In regard to HIMX, the percentage of the float that is sold short is 8.38%. Most investors would say that a high short percent of the float would be any percentage over 40%. In my research, I have found that any short ratio over 26% is likely a a play that could prove to be very risky.

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