Himax Technologies Sees Unusually High Options Volume (NASDAQ:HIMX)

Himax Technologies, Inc. (NASDAQ:HIMX) was the recipient of unusually large options trading on Tuesday. Traders purchased 11,481 call options on the stock. This is an increase of approximately 133% compared to the average daily volume of 4,934 call options.

Institutional Trading of Himax Technologies

Several large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Himax Technologies during the fourth quarter valued at $28,000. GAMMA Investing LLC grew its stake in shares of Himax Technologies by 90.5% during the 4th quarter. GAMMA Investing LLC now owns 10,290 shares of the semiconductor company’s stock valued at $83,000 after acquiring an additional 4,888 shares during the period. Virtu Financial LLC purchased a new stake in Himax Technologies in the 3rd quarter worth approximately $98,000. Foster Group Inc. bought a new stake in Himax Technologies during the 4th quarter worth approximately $100,000. Finally, Sanctuary Advisors LLC lifted its holdings in Himax Technologies by 33.9% during the third quarter. Sanctuary Advisors LLC now owns 19,431 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 4,915 shares in the last quarter. Institutional investors own 69.81% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price objective on shares of Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, December 13th.

Himax Technologies Stock Performance

Shares of Himax Technologies stock traded up $0.36 during trading on Tuesday, hitting $9.86. 2,061,420 shares of the company’s stock traded hands, compared to its average volume of 4,821,726. The business has a 50-day simple moving average of $8.34 and a 200-day simple moving average of $6.68. Himax Technologies has a 1 year low of $4.80 and a 1 year high of $13.91. The stock has a market capitalization of $1.72 billion, a P/E ratio of 22.41 and a beta of 2.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37.

Himax Technologies declared that its board has initiated a share buyback program on Wednesday, December 4th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.