Himax Technologies Stock Buy Hold or Sell Recommendation

HIMX Stock  USD 8.85  0.08  0.91%   
Given the investment horizon of 90 days and your way above-average risk tolerance, our recommendation regarding Himax Technologies is 'Buy'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Himax Technologies given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Himax Technologies, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Himax Technologies Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.
In addition, we conduct extensive research on individual companies such as Himax and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Himax Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Execute Himax Technologies Buy or Sell Advice

The Himax recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Himax Technologies. Macroaxis does not own or have any residual interests in Himax Technologies or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Himax Technologies' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Himax TechnologiesBuy Himax Technologies
Buy

Market Performance

OKDetails

Volatility

Moderately volatileDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

BuyDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

UnavailableDetails
For the selected time horizon Himax Technologies has a Risk Adjusted Performance of 0.0951, Jensen Alpha of 0.6742, Total Risk Alpha of 0.5311, Sortino Ratio of 0.1954 and Treynor Ratio of 0.8121
We provide advice to complement the regular expert consensus on Himax Technologies. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Himax Technologies is not overpriced, please check out all Himax Technologies fundamentals, including its price to sales, short ratio, annual yield, as well as the relationship between the cash per share and market capitalization . Given that Himax Technologies has a price to earning of 26.23 X, we strongly advise you to confirm Himax Technologies market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Himax Technologies Trading Alerts and Improvement Suggestions

Himax Technologies is way too risky over 90 days horizon
Himax Technologies appears to be risky and price may revert if volatility continues
About 31.0% of the company shares are held by company insiders
Latest headline from finance.yahoo.com: US Growth Companies With Up To 29 percent Insider Ownership

Himax Technologies Returns Distribution Density

The distribution of Himax Technologies' historical returns is an attempt to chart the uncertainty of Himax Technologies' future price movements. The chart of the probability distribution of Himax Technologies daily returns describes the distribution of returns around its average expected value. We use Himax Technologies price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Himax Technologies returns is essential to provide solid investment advice for Himax Technologies.
Mean Return
0.70
Value At Risk
-5.12
Potential Upside
8.31
Standard Deviation
6.78
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Himax Technologies historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Himax Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument, such as Himax Technologies, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Himax Technologies back and forth among themselves.
Shares
D. E. Shaw & Co Lp2024-09-30
495.1 K
Stifel Financial Corp2024-09-30
470.5 K
Kennedy Capital Management Inc2024-09-30
449.8 K
Citadel Advisors Llc2024-09-30
400.3 K
Millennium Management Llc2024-09-30
379.4 K
Morgan Stanley - Brokerage Accounts2024-09-30
358.3 K
Mitsubishi Ufj Asset Management Co.,ltd2024-09-30
331.9 K
Bnp Paribas Arbitrage, Sa2024-09-30
296.2 K
Wells Fargo & Co2024-09-30
264.5 K
Lazard Asset Management Llc2024-09-30
4.2 M
Blackrock Inc2024-09-30
2.1 M
Note, although Himax Technologies' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Himax Technologies Cash Flow Accounts

202020212022202320242025 (projected)
Change In Cash83.9M151.1M(114.4M)(29.8M)(26.8M)(25.5M)
Free Cash Flow96.7M380.2M70.8M129.3M148.8M156.2M
Other Non Cash Items8.9M(9.8M)(63.7M)(30.2M)(27.2M)(25.9M)
Capital Expenditures5.9M8.0M12.1M23.5M27.0M17.9M
Net Income45.2M433.9M235.5M49.4M56.8M72.8M
End Period Cash Flow184.9M336.0M221.6M191.7M220.5M137.7M
Depreciation24.4M23.6M21.3M20.3M23.4M15.4M
Change To Inventory24.8M(99.3M)(194.5M)132.1M118.9M124.8M
Change To Netincome16.1M19.4M98.6M(21.0M)(24.1M)(22.9M)
Investments(5.5M)(12.1M)15.0M(56.7M)(51.1M)(48.5M)
Net Borrowings35.3M(61.3M)36.7M207.6M238.7M250.7M

Himax Technologies Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Himax Technologies or Semiconductors & Semiconductor Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Himax Technologies' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Himax stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
0.67
β
Beta against Dow Jones0.85
σ
Overall volatility
6.98
Ir
Information ratio 0.1

Himax Technologies Volatility Alert

Himax Technologies is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Himax Technologies' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Himax Technologies' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Himax Technologies Fundamentals Vs Peers

Comparing Himax Technologies' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Himax Technologies' direct or indirect competition across all of the common fundamentals between Himax Technologies and the related equities. This way, we can detect undervalued stocks with similar characteristics as Himax Technologies or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Himax Technologies' fundamental indicators could also be used in its relative valuation, which is a method of valuing Himax Technologies by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Himax Technologies to competition
FundamentalsHimax TechnologiesPeer Average
Return On Equity0.0913-0.31
Return On Asset0.0238-0.14
Profit Margin0.09 %(1.27) %
Operating Margin0.03 %(5.51) %
Current Valuation1.88 B16.62 B
Shares Outstanding175 M571.82 M
Shares Owned By Insiders30.92 %10.09 %
Shares Owned By Institutions18.25 %39.21 %
Number Of Shares Shorted5.76 M4.71 M
Price To Earning26.23 X28.72 X
Price To Book1.79 X9.51 X
Price To Sales1.73 X11.42 X
Revenue945.43 M9.43 B
Gross Profit487.11 M27.38 B
EBITDA58.65 M3.9 B
Net Income49.42 M570.98 M
Cash And Equivalents461.63 M2.7 B
Cash Per Share2.64 X5.01 X
Total Debt498.14 M5.32 B
Debt To Equity0.24 %48.70 %
Current Ratio1.77 X2.16 X
Book Value Per Share9.91 X1.93 K
Cash Flow From Operations153.17 M971.22 M
Short Ratio3.12 X4.00 X
Earnings Per Share0.44 X3.12 X
Price To Earnings To Growth2.81 X4.89 X
Target Price10.87
Number Of Employees2.2 K18.84 K
Beta2.15-0.15
Market Capitalization1.42 B19.03 B
Total Asset1.64 B29.47 B
Retained Earnings640.45 M9.33 B
Working Capital491.78 M1.48 B

Himax Technologies Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Himax . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Himax Technologies Buy or Sell Advice

When is the right time to buy or sell Himax Technologies? Buying financial instruments such as Himax Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Himax Technologies in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Global Macro ETFs Theme
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Additional Tools for Himax Stock Analysis

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 the 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.