Himax Technologies ADR (HIMX) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 1.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $6.45 whereas the lowest price it dropped to was $6.155. The 52-week range on HIMX shows that it touched its highest point at $7.70 and its lowest point at $4.80 during that stretch. It currently has a 1-year price target of $6.40. With its current market cap of 1.15 billion, HIMX has annualized dividend of $0.48 while the current yield stands at 7.45%. HIMX paid its most recent dividend on 1687996800, while the ex-dividend date for that was 1719532800. Beta for the stock currently stands at 2.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HIMX was up-trending over the past week, with a rise of 23.37%, but this was up by 25.29% over a month. Three-month performance surged to 16.88% while six-month performance rose 11.42%. The stock gained 0.31% in the past year, while it has gained 6.10% so far this year. A look at the trailing 12-month EPS for HIMX yields 0.28 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.13. This implies an EPS growth rate of 48.89% for this year and 14.29% for next year. EPS is expected to decline by -11.79% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 42.37%.

Float and Shares Shorts:

At present, 178.35 million HIMX shares are outstanding with a float of 178.35 million shares on hand for trading. On 2024-04-30, short shares totaled 6.44 million, which was 368.0 higher than short shares on 1711584000. In addition to Mr. Jordan Wu as the firm’s Co-Founder, President, CEO & Director, Ms. Ming-Feng Pan serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.15173 of HIMX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, HIMX reported revenue of $227678000.0 and operating income of $16681000.0. The EBITDA in the recently reported quarter was $21422000.0 and diluted EPS was $0.135.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HIMX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.