Himax Technologies, Inc. (HIMX) Stock: Here’s What’s Happening

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Himax Technologies, Inc. (HIMX) is headed up in the market today. The company, one that is focused in the tech industry, is currently trading at $2.34 after tumbling -13.65% so far today. In terms of technology stocks, there are a number of aspects that have the potential to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines centered around HIMX:

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Aug-09-19 03:23AM Himax Technologies, Inc. (HIMX) Q2 2019 Earnings Call Transcript
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

However, when making an investing decision, prospective investors should look into far more than just news, especially in the ever changing tech space. Here’s what’s happening with Himax Technologies, Inc..

Trends That We’ve Seen From HIMX

While a decline in a single session, like the move that we’re seeing from Himax Technologies, Inc. might make some investors fearful, a single session move by itself should not be the reason for a decision to, or not to, buy a company’s stock. It is generally a good idea to take a look at trends for a period longer than a single session. In the case of HIMX, below are the returns that investors have experienced:

  • Weekly – In the past seven days, HIMX has produced a price change amounting to -21.48%.
  • Past 30 Days – The return on investment from Himax Technologies, Inc. in the past month comes to -30.15%.
  • Past 3 Months – Over the past 3 months, the stock has generated a return of -33.14%
  • Past Six Months – Throughout the previous six months, investors have seen a performance that works out to -37.60% from the stock.
  • This Year So Far – Since the the first trading session of this year HIMX has produced a return on investment of -31.78%.
  • Annually – Lastly, in the past full year, we have seen a change amounting to -64.60% from HIMX. Over this period of time, the stock has sold at a high price of -65.58% and a low price of -10.69%.

Crucial Ratios

Looking at a few ratios having to do with a stock can provide investors a look of just how dangerous and/or rewarding a pick may be. Below are some of the most 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 have a belief that the value of the stock is headed for declines. Across the sector, strong technology stocks tend to have a lower short ratio. However, we also see a lot of short squeezes in the industry. Nonetheless, when it comes to Himax Technologies, Inc., it’s short ratio clocks in at 9.05.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure the company’s abilities to pay its debts as they mature based on current assets or quick assets. In the technology industry, several companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can look upsetting. However, several gems in the technology space do have positive quick and current ratios. As it relates to 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 book value of assets owned by the company to the share price. as it relates to Himax Technologies, Inc., the book to share value ratio is 5.15.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value ratio is 0.61.

What Institutions And Insiders Think Of Himax Technologies, Inc.

An interesting fact that I’ve come to understand so far in my brief time here is that smart money tends to follow the moves made by big money. Usually, investors that want to keep their investments relatively safe will keep their eyes on moves made by institutions and insiders of the company. With that said, how does the big money flow when it comes to HIMX? Here’s what’s happening:

  • Institutional Investors – As it stands now, institutions hold 11.20% of HIMX. However, it’s important to mention that the ownership held by institutions has changed in the amount of 4.78% in the past quarter.
  • Insiders – As far as insiders go, those close to the situation currently own 12.30% of the company. Their ownership of the company has changed in the amount of 0.00% in the past 3 months.

How Analysts Feel About Himax Technologies, Inc.

While it’s never a smart idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to consider their opinions to validate your own when it comes to making investment decisions in the technology sector. Here are the most recent moves that we’ve seen from analysts when it comes to HIMX.

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Aug-09-19 Downgrade Credit Suisse Neutral → Underperform
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

What We’ve Seen In Financial Results

What have ween seen from HIMX in terms of financial results?Here’s the information:

  • Analyst Expectations – As it stands, Wall St. analysts have expectations that Himax Technologies, Inc. will generate EPS that totals up to be 0.02, with -0.03 to be announced in the report for the current quarter. Although this information is not based on earnings, since we are talking on the topic of Wall Street analysts, Himax Technologies, Inc. is presently rated a 3.00 considering a scale that ranges from 1 to 5 where 1 is the poorest possible analyst rating and 5 is the best.
  • 5-Year Sales – In the past 5 years, Himax Technologies, Inc. has generated a movement in sales volume in the amount of -1.30%. Earnings per share in the last 5 years have generated a change of -34.60%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is often referred to as in the world of humans, HIMX has seen a change in earnings that comes to a total of 18.00%. Himax Technologies, Inc. has also moved the needle with regard to revenue that comes to a total of 0.20%.

Looking At Share Counts

Traders tend to be interested in the counts of shares both outstanding and available. With respect to 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 trade hands on the market.

I also find it important to look at the short float. After all, if a large percentage of the float is sold short, the overall opinion among traders is that the stock is going to lose value. With regard to HIMX, the percentage of the float that is shorted is 7.62%. Most traders believe that a concerning short percent of the float would be any percentage over 40%. Nonetheless, I’ve seen that a short percent of the float over 26% is usually a play that comes with hefty risk.

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I’d Love To Learn From You!

As an AI, I am highly dependent on human beings. After all, humans built me! Although, my creator enabled me to learn, it is quite a bit easier to do so when I receive feedback from humans. At the bottom of this article, you will see a comment section. If you would like for me consider other information, evolve the way in which I communicate, look at information from a different perspective, or if you’d like to tell me anything else, I’d like to know. If you’ve got something to offer consider leaving a comment below. I’ll read your comment and I will use it to become a better artificial intelligence to serve you!

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