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Himax Technologies (NASDAQ:HIMX) Shares Gap Down to $8.32
Himax Technologies, Inc. (NASDAQ:HIMX) saw a gap down in its stock price before the market opened on Friday. The stock, which closed at $8.32, opened at $8.09 and last traded at $8.11 with a volume of 248,031 shares. StockNews.com recently upgraded Himax Technologies from a “hold” to a “buy” rating. The company’s 50-day moving average is $6.41, with a market cap of $1.39 billion. Himax Technologies reported $0.07 earnings per share for the last quarter, beating estimates. The company also announced an annual dividend, with a yield of 5.09%. Institutional investors have been actively buying and selling shares of Himax Technologies.
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Himax Technologies (NASDAQ:HIMX) Shares Gap Down to $8.32
Himax Technologies, Inc. is a semiconductor company that specializes in display imaging processing technologies. Recently, the company’s shares experienced a gap down, opening at $8.09 after closing at $8.32 the previous day. This drop in stock price caught the attention of investors and analysts alike, prompting a closer look at the company’s performance and future prospects.
Analyst Ratings Changes
One notable development in Himax Technologies’ recent performance is the upgrade from “hold” to “buy” by StockNews.com. This change in rating suggests that analysts see potential for growth and value in the company’s stock. Investors may want to take note of this upgrade as they consider their investment decisions.
Himax Technologies Stock Performance
Himax Technologies’ stock performance has been closely watched, with the company’s 50-day moving average price at $6.41 and its 200-day moving average price at $5.95. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 29.41, and a beta of 2.13. These metrics provide valuable insight into the company’s financial health and stability.
In terms of recent earnings, Himax Technologies reported $0.07 earnings per share for the last quarter, surpassing the consensus estimate of $0.05. The company also announced a quarterly revenue of $207.60 million, exceeding expectations. However, the company’s quarterly revenue was down 15.0% year-over-year, indicating potential challenges in the market.
Himax Technologies Cuts Dividend
One significant announcement from Himax Technologies is the cut in its annual dividend, with investors set to receive a $0.29 dividend on July 12th. This dividend represents a yield of 5.09% and a dividend payout ratio of 103.70%. Investors should take note of this dividend cut as it may impact their investment strategy.
Institutional Inflows and Outflows
Several hedge funds and institutional investors have recently bought and sold shares of Himax Technologies. Lazard Asset Management LLC, Acadian Asset Management LLC, UBS Group AG, Mirae Asset Global Investments Co. Ltd., and Kennedy Capital Management LLC are among the major players in the company’s stock. These institutional inflows and outflows can provide valuable insights into market sentiment and future trends.
Himax Technologies Company Profile
Himax Technologies, Inc. operates in the display imaging processing technology sector, providing display driver integrated circuits (ICs) and timing controllers for various devices. The company’s presence spans across China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. With a focus on innovation and technology, Himax Technologies continues to be a key player in the semiconductor industry.
In conclusion, Himax Technologies’ recent performance and developments offer valuable insights for investors and analysts. By closely monitoring the company’s stock performance, earnings, dividend changes, and institutional inflows, investors can make informed decisions about their investment strategies. As the company continues to navigate the ever-changing semiconductor market, staying informed and proactive is key to success in today’s competitive landscape.
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