Himax Technologies, Inc. (HIMX) Stock: Seeing Declines In Today’s Session


Himax Technologies, Inc. (HIMX) is headed up in the market in today’s trading session. The company, one that is focused on the technology space, is currently trading at $2.71 after heading down -9.06% so far in today’s session. As it relates to tech companies, there are quite a few factors that have the ability to lead to declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines surrounding HIMX:

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Aug-08-19 06:00AM Himax Technologies, Inc. Reports Second Quarter 2019 Financial Results and Provides Third Quarter 2019 Guidance
Aug-07-19 02:46PM Q2 Earnings Preview For Himax Technologies
Jul-22-19 10:56AM Introducing Himax Technologies (NASDAQ:HIMX), The Stock That Slid 67% In The Last Three Years
06:00AM Himax Technologies, Inc. Schedules Second Quarter 2019 Financial Results Conference Call for Thursday, August 8th at 8:00 AM EDT
Jul-15-19 06:10AM Himax Technologies, Inc. to Hold Annual General Meeting on August 28, 2019

However, when making a decision with regard to investing, prospective investors should focus on far more than just news, this is especially the case in the ever changing technology sector. Here’s what’s happening with Himax Technologies, Inc..

Recent Movement From HIMX

While a move toward the top in a single session, like the fall that we’re seeing from Himax Technologies, Inc. may make some investors fearful, a single session move by itself should not be the basis of a decision to, or not to, invest in a company. It’s always important to take a look at trends experienced by the stock for a period longer than a single trading day. In the case of HIMX, below are the trends that we’ve seen:

  • Past 7 Days – Over the last five trading sessions, HIMX has produced a change in value amounting to -11.15%.
  • Past 30 Days – The performance from Himax Technologies, Inc. over the past 30 days works out to -20.29%.
  • Past Three Months – Over the last 3 months, the stock has produced a ROI of -22.79%
  • Past 6 Months – Over the past 6 months, we have seen a change that amounts to -28.68% from the company.
  • This Year So Far – Since the close of last year HIMX has resulted in a ROI of -20.99%.
  • Full Year – Lastly, throughout the last year, we have seen a change in the amount of -58.81% out of HIMX. Throughout this period, the stock has traded at a high price of -60.15% and a low price of -4.24%.

Key Ratios

Looking at various key ratios having to do with a stock generally gives prospective investors a view of how dangerous and/or rewarding a stock pick might be. Below are some of the key ratios to consider when looking at HIMX.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the level of short interest. The higher this short ratio, the more investors have a belief that the price of the stock is going to tumble. In general, strong tech stocks tend to carry a lower short ratio. However, we tend to see quite a few short squeezes in the sector. Nonetheless, when it comes to Himax Technologies, Inc., the stock’s short ratio is 9.38.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure whether or not a company can pay its debts when they come due using quick assets or current assets. Because in tech, many companies rely on continued investor support as they work to bring new technologies to market, these ratios can look bad. However, some good picks in the technology sector come with good current and quick ratios. As far as HIMX, the quick and current ratios total up 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 the case of Himax Technologies, Inc., the book to share value ratio comes in at 5.15.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value works out to 0.61.

What Are Big Money Players Doing With 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 11.20% of the company. Institutional interest has moved by 4.78% 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.

How Analysts Feel About Himax Technologies, Inc.

Although it’s rarely a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their thoughts when validating your own opinions before making an investment decision in the technology sector. Here are the recent moves that we have 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

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.02. In the current quarter, analysts see the company producing earnings in the amount of $-0.03. Over the last 5 years, HIMX has generated revenue in the amount of $-1.30% with earnings coming in at -34.60%. On a quarter over quarter basis, earnings have seen movement of 18.00% and revenue has seen movement of 0.20%.

Float Information

Investors and traders seem to like to know the amounts of shares both outstanding and available. In terms of Himax Technologies, Inc., there are currently 176.17M with a float of 148.70M. These numbers mean that out of the total of 176.17M shares of HIMX in existence today, 148.70M are able to be traded on the market.

It’s also important to take a look at the short percent. Think about it, if a high portion of the float is shorted, the overall feeling among investors is that the company is headed for a dive. As far as it relates to HIMX, the percentage of the float that is sold short is 7.62%. Most traders believe that a concerning short percent of the float would be any percentage over 40%. Nonetheless, I have found that any short percent of the float over 26% is generally a a play that could prove to be very risky.

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