HIMX Stock Summary and Trading Ideas (Himax Techs | NASDAQ:HIMX)

Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue gets derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.

Himax Techs trades on the NASDAQ stock market under the symbol HIMX.

As of May 7, 2024, HIMX stock price climbed to $5.22 with 420,074 million shares trading.

HIMX has a beta of 1.47, meaning it tends to be more sensitive to market movements. HIMX has a correlation of 0.33 to the broad based SPY ETF.

HIMX has a market cap of $912.06 million. This is considered a Small Cap stock.

Last quarter Himax Techs reported $228 million in Revenue and $.14 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.03.

In the last 3 years, HIMX stock traded as high as $17.30 and as low as $4.80.

The top ETF exchange traded funds that HIMX belongs to (by Net Assets): DVYE, SPEM, EWX, VERS, FMET.

HIMX has underperformed the market in the last year with a return of -15.9%, while the SPY ETF gained +27.0%. In the last 3 month period, HIMX fell short of the market, returning -6.1%, while SPY returned +5.0%. However, in the most recent 2 weeks HIMX has outperformed the stock market by returning +7.0%, while SPY returned +3.5%.

HIMX support price is $5.08 and resistance is $5.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HIMX stock will trade within this expected range on the day.