Himax Stock Today

HIMX
 Stock
  

USD 6.96  0.14  1.97%   

Market Performance
8 of 100
Odds Of Distress
Less than 11
Himax Technologies is trading at 6.96 as of the 7th of December 2022; that is -1.97 percent decrease since the beginning of the trading day. The stock's open price was 7.1. Himax Technologies has less than a 11 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Himax Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of November 2022 and ending today, the 7th of December 2022. Click here to learn more.
CUSIP
43289P106
Fiscal Year End
December
Business Domain
Semiconductors & Semiconductor Equipment
IPO Date
31st of March 2006
Category
Technology
Classification
Information Technology
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan. The company has 174.3 M outstanding shares of which 10 M shares are currently shorted by private and institutional investors with about 6.91 trading days to cover. More on Himax Technologies

Moving together with Himax Technologies

+0.78AVGOBroadcom Earnings Call TomorrowPairCorr
+0.94NVDANVIDIA Aggressive PushPairCorr

Moving against Himax Technologies

-0.82ROGRogers Tech BoostPairCorr
-0.57DOMODomo Inc Earnings Call TomorrowPairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Himax Technologies Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Himax Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Himax Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Himax Technologies has very high historical volatility over the last 90 days
About 30.0% of the company shares are held by company insiders
CEOJordan Wu
Fama & French Classification
Average Analyst Recommendation
Analysts covering Himax Technologies report their recommendations after researching Himax Technologies' financial statements, talking to executives and customers, or listening in on Himax Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Himax Technologies. The Himax consensus assessment is calculated by taking the average forecast from all of the analysts covering Himax Technologies.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Himax Technologies' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldUndervalued
Himax Technologies (HIMX) is traded on NASDAQ Exchange in USA and employs 2,100 people. Himax Technologies is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.24 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Himax Technologies's market, we take the total number of its shares issued and multiply it by Himax Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Himax Technologies conducts business under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. The entity has 174.3 M outstanding shares of which 10 M shares are currently shorted by private and institutional investors with about 6.91 trading days to cover. Himax Technologies currently holds about 461.63 M in cash with 388.28 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.64.
Check Himax Technologies Probability Of Bankruptcy
Ownership
Himax Technologies secures a total of 174.3 Million outstanding shares. Himax Technologies secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Himax Ownership Details

Himax Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Himax Technologies jumping above the current price in 90 days from now is about 9.41%. The Himax Technologies probability density function shows the probability of Himax Technologies stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6416. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Himax Technologies will likely underperform. Additionally, the company has an alpha of 0.1892, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 6.96HorizonTargetOdds Above 6.96
90.53%90 days
 6.96 
9.41%
Based on a normal probability distribution, the odds of Himax Technologies to move above the current price in 90 days from now is about 9.41 (This Himax Technologies probability density function shows the probability of Himax Stock to fall within a particular range of prices over 90 days) .

Himax Technologies Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Himax Technologies market risk premium is the additional return an investor will receive from holding Himax Technologies long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Himax Technologies. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Himax Technologies' alpha and beta are two of the key measurements used to evaluate Himax Technologies' performance over the market, the standard measures of volatility play an important role as well.

Himax Stock Against Markets

Picking the right benchmark for Himax Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Himax Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Himax Technologies is critical whether you are bullish or bearish towards Himax Technologies at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Himax Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Himax Technologies Corporate Executives

Elected by the shareholders, the Himax Technologies' board of directors comprises two types of representatives: Himax Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Himax. The board's role is to monitor Himax Technologies' management team and ensure that shareholders' interests are well served. Himax Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Himax Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Invested in Himax Technologies?

The danger of trading Himax Technologies is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Himax Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Himax Technologies. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Himax Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Himax Technologies price analysis, check to measure Himax Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Himax Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Himax Technologies. If investors know Himax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Himax Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.93) 
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
(0.49) 
Return On Assets
0.1667
Return On Equity
0.424
The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Himax Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.