While Himax Technologies ADR has underperformed by -1.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HIMX rose by 29.43%, with highs and lows ranging from $9.80 to $4.80, whereas the simple moving average jumped by 28.61% in the last 200 days.
On August 11, 2023, Credit Suisse Upgraded Himax Technologies ADR (NASDAQ: HIMX) to Outperform. A report published by Credit Suisse on July 14, 2022, Downgraded its rating to ‘Neutral’ for HIMX. Nomura also Downgraded HIMX shares as ‘Neutral’, setting a target price of $11 on the company’s shares in a report dated April 07, 2022. Credit Suisse April 01, 2020d its ‘Neutral’ rating to ‘Outperform’ for HIMX, as published in its report on April 01, 2020. Robert W. Baird’s report from March 25, 2020 suggests a price prediction of $6 for HIMX shares, giving the stock a ‘Outperform’ rating. Lake Street also rated the stock as ‘Buy’.
Analysis of Himax Technologies ADR (HIMX)
HIMX currently pays a dividend of $0.29 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -5.86%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Himax Technologies ADR’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 9.27% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.37, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.39M can be a very valuable indicator of volatility for HIMX stock. On a monthly basis, the volatility of the stock is set at 8.34%, whereas on a weekly basis, it is put at 4.39%, with a gain of 5.15% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.50, showing growth from the present price of $7.96, which can serve as yet another indication of whether HIMX is worth investing in or should be passed over.
How Do You Analyze Himax Technologies ADR Shares?
The Taiwan based company Himax Technologies ADR (HIMX) is one of the biggest names in Semiconductors. When comparing Himax Technologies ADR shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 17.66, there is a growth in quarterly earnings of 16.88%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 17.38% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HIMX shares are owned by institutional investors to the tune of 17.38% at present.
