Himax Technologies, Inc. (NASDAQ:HIMX).
On September 26 the company was downgraded from “Buy” to “Neutral” by Nomura. On July 5, 2016 the stock rating was rated “Buy” in a report from Nomura which was a boost from the previous “” rating.
March 23 investment analysts at Credit Suisse held the company rating at “Outperform” and moved up the price target from $9.80 to $13.00. Craig-Hallum upgraded the stock and raised the price target on February 23 boosting the price target from $0.00 to $11.00 and setting the rating at “Buy” which had previously been “Hold”.
On February 23 the stock rating was upgraded to “Buy” from “Hold” and a price target of $11.00 was set in a report from Craig-Hallum.
The company is so far trading down by -6.85% since yesterday’s close of $8.91. The company also recently declared a dividend for shareholders that was paid on Wednesday August 3rd, 2016. The dividend was $0.033 per share for the quarter which comes to $0.13 on an annualized basis. This dividend represents a yield of $1.51. The ex-dividend date was set for Wednesday the 20th of July 2016.
The stock last traded at $8.30 which is marginally under $9.93, the 50 day moving average and a tad below the 200 day moving average of $9.73. The 50 day moving average was down by -16.41% and the 200 day average went down by -14.74%.
The P/E ratio is 40.10 and the market cap of the company is 1.43B. In the latest earnings report the EPS was $0.21 and is expected to be $0.42 for the current year with 171,907,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.12 with next year’s EPS anticipated to be $0.55.
Investors are more bearish of late if you take note of the increase in short interest. The firm realized a rise in short interest between August 31, 2016 and September 15, 2016 of 0.19%. Short shares increased 3,497,538 over that period. Days to cover decreased -2.5 to 6.9 and the percentage of shorted shares is 0.13% as of September 15.