Himax Technologies (NASDAQ:HIMX) shares traded 0.25% up during most recent session to reach at the closing price of $3.97. The stock exchanged hands 1.68 Million shares versus average trading capacity of 2.77 Million shares, yielding a market cap of $691.14 Million. Wall Street analysts covering the stock are projecting that the stock will reach $6.06 within the next 52-weeks. The mean target projections are based on 8 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Himax Technologies (NASDAQ:HIMX) high price target of $8 and with a conservative view have low price target of $4.
Roth Capital “Downgrades” Himax Technologies (NASDAQ:HIMX) in a research note issued to investors on 11/20/18 to Neutral with price target of $4.
Additionally on 11/09/18 Credit Suisse “Downgrades” Himax Technologies (NASDAQ:HIMX) to Neutral setting price target at $0 and on 10/01/18 Roth Capital “Upgrades” the stock to Buy at $0. Furthermore on 8/16/18 Macquarie “Downgrades” the stock to Neutral at $6.
On the other hand the company has Relative Strength Index (RSI 14) of 57.54 along with Average True Range (ATR 14) of 0.27, Consequently Himax Technologies (NASDAQ:HIMX)’s weekly and monthly volatility is 7.38%, 7.51% respectively. The company’s beta value is at -0.14.
In terms of Buy, Sell or Hold recommendations, Himax Technologies (NASDAQ:HIMX) has analysts’ mean recommendation of 3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Himax Technologies (NASDAQ:HIMX)’s minimum EPS for the current quarter is at $0.03 and can go high up to $0.03. The consensus mean EPS for the current quarter is at $0.03 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.14 earnings per share for the same quarter during last year.
Previously Himax Technologies (NASDAQ:HIMX) reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company posted an earnings surprise of 50%.
Himax Technologies (NASDAQ:HIMX)’s revenue estimates for the current quarter are $192.45 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $195 Million in contradiction of low revenue estimates of $188.7 Million. For the current year the company’s revenue estimates are $725.71 Million compared to low analyst estimates of $721.4 Million and high estimates of $728 Million according to 5 number of analysts.
Currently Himax Technologies (NASDAQ:HIMX)’s shares owned by insiders are 12.3%, whereas shares owned by institutional owners are 26.2%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.04%.
Himax Technologies (NASDAQ:HIMX)’s trailing twelve month revenues are $713.7 Million, whereas its price to sales ratio for the same period is 0.97. Its book value per share for the most recent quarter is $5.1 while its price to book ratio for the same period is 0.78, as for as the company’s cash per share for the most recent quarter is $0.59, however its price to cash per share ratio for the same period is 6.72. The stock has 5 year expected PEG ratio of 1.15 whereas its trailing twelve month P/E ratio is 28.77.