Stock Traders Buy High Volume of Himax Technologies Put Options (HIMX)
Himax Technologies, Inc. (NASDAQ:HIMX) was the recipient of some unusual options trading on Friday. Stock traders acquired 9,637 put options on the stock. This is an increase of 352% compared to the average volume of 2,132 put options.
Several hedge funds have recently added to or reduced their stakes in HIMX. Fox Run Management L.L.C. purchased a new position in shares of Himax Technologies during the first quarter valued at about $148,000. Fort Point Capital Partners LLC purchased a new position in shares of Himax Technologies during the first quarter valued at about $296,000. Creative Planning raised its position in shares of Himax Technologies by 4.2% in the first quarter. Creative Planning now owns 55,590 shares of the semiconductor company’s stock valued at $507,000 after buying an additional 2,217 shares during the last quarter. Bank of Montreal Can raised its position in shares of Himax Technologies by 339.2% in the first quarter. Bank of Montreal Can now owns 220,113 shares of the semiconductor company’s stock valued at $2,007,000 after buying an additional 170,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Himax Technologies by 2,325.6% in the first quarter. Canada Pension Plan Investment Board now owns 208,600 shares of the semiconductor company’s stock valued at $1,902,000 after buying an additional 200,000 shares during the last quarter. 22.46% of the stock is owned by institutional investors and hedge funds.
Shares of Himax Technologies (HIMX) opened at 8.16 on Wednesday. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $10.95.
Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, May 11th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $162.26 million. Himax Technologies had a return on equity of 8.59% and a net margin of 5.04%. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. Analysts forecast that Himax Technologies will post $0.10 EPS for the current fiscal year.
HIMX has been the topic of several research analyst reports. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Himax Technologies in a report on Wednesday, March 22nd. Morgan Stanley raised Himax Technologies from an “equal weight” rating to an “overweight” rating and set a $11.50 price target on the stock in a report on Monday, March 27th. Macquarie initiated coverage on Himax Technologies in a report on Monday, April 17th. They set an “outperform” rating and a $12.00 price target on the stock. Northland Securities reissued an “outperform” rating and set a $10.00 price target on shares of Himax Technologies in a report on Wednesday, April 26th. Finally, Lake Street Capital cut Himax Technologies from a “buy” rating to a “hold” rating and set a $7.50 price target on the stock. in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.08.
COPYRIGHT VIOLATION NOTICE: “Stock Traders Buy High Volume of Himax Technologies Put Options (HIMX)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/07/19/stock-traders-buy-high-volume-of-himax-technologies-put-options-himx.html.
About Himax Technologies
Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.
Receive News & Stock Ratings for Himax Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies Inc. and related stocks with our FREE daily email newsletter.