The Traders Purchase Large Volume of Himax Technologies Put Options (HIMX)

The Traders Purchase Large Volume of Himax Technologies Put Options (HIMX)

Himax Technologies, Inc. (NASDAQ:HIMX) was the target of unusually large options trading on Monday. Stock investors purchased 4,945 put options on the stock. This represents an increase of 112% compared to the typical volume of 2,337 put options.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Investment Counsel Inc bought a new stake in Himax Technologies in the 2nd quarter valued at $109,000. Bank of New York Mellon Corp lifted its position in Himax Technologies by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 77 shares in the last quarter. Private Advisor Group LLC bought a new stake in Himax Technologies in the 1st quarter valued at $130,000. US Bancorp DE lifted its position in Himax Technologies by 0.7% in the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock valued at $133,000 after acquiring an additional 100 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in Himax Technologies in the 2nd quarter valued at $126,000. 21.70% of the stock is currently owned by institutional investors and hedge funds.

HIMX has been the subject of several analyst reports. BidaskClub upgraded Himax Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Northland Securities reiterated a “buy” rating and set a $12.00 price objective on shares of Himax Technologies in a research report on Friday, August 4th. Credit Suisse Group upgraded Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Friday, August 4th. Cann started coverage on Himax Technologies in a research report on Friday, July 14th. They issued a “buy” rating for the company. Finally, Roth Capital restated a “buy” rating and issued a $10.00 target price on shares of Himax Technologies in a research report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $10.03.

Himax Technologies (HIMX) traded down 2.61% during trading on Friday, hitting $9.33. 5,703,958 shares of the stock were exchanged. The stock has a 50 day moving average price of $10.25 and a 200-day moving average price of $8.53. The firm has a market capitalization of $1.60 billion, a PE ratio of 85.60 and a beta of 0.79. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $11.97.

Himax Technologies Company Profile

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.

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