Himax Technologies ADR (HIMX) – key numbers that make it a Strong Buy For Now

Himax Technologies ADR (NASDAQ: HIMX) is 3.79% higher on its value in year-to-date trading and has touched a low of $4.80 and a high of $8.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HIMX stock was last observed hovering at around $6.04 in the last trading session, with the day’s gains setting it 0.26%.

Currently trading at $6.30, the stock is 12.29% and 11.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing 4.30% at the moment leaves the stock 4.16% off its SMA200. HIMX registered 6.96% gain for a year compared to 6-month gain of 20.23%. The firm has a 50-day simple moving average (SMA 50) of $5.6628 and a 200-day simple moving average (SMA200) of $6.0486.

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The stock witnessed a 16.24% loss in the last 1 month and extending the period to 3 months gives it a -22.51%, and is 11.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.32% over the week and 2.92% over the month.

Himax Technologies ADR (HIMX) has around 2164 employees, a market worth around $1.10B and $913.12M in sales. Current P/E ratio is 14.32 and Fwd P/E is 13.82. Profit margin for the company is 8.43%. Distance from 52-week low is 31.25% and -27.83% from its 52-week high. The company has generated returns on investments over the last 12 months (8.66%).

with sales reaching $204.87M over the same period.The EPS is expected to grow by 47.10% this year, but quarterly earnings will post 6.00% year-over-year. Quarterly sales are estimated to shrink -14.10% in year-over-year returns.

Himax Technologies ADR (HIMX) Top Institutional Holders

The shares outstanding are 178.35M, and float is at 174.70M with Short Float at 3.58%.

The top institutional shareholder in the company is LAZARD ASSET MANAGEMENT LLC with over 4.58 million shares valued at $36.4 million. The investor’s holdings represent 2.6236% of the HIMX Shares outstanding. As of 2024-06-30, the second largest holder is ACADIAN ASSET MANAGEMENT LLC with 3.37 million shares valued at $26.73 million to account for 1.9285 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.11 million shares representing 1.2087% and valued at over $16.77 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 0.752 of the shares totaling 1.31 million with a market value of $10.43 million.