Himax Technologies (NASDAQ:HIMX) Shares Up 5.1% – Here’s Why

Himax Technologies, Inc. (NASDAQ:HIMX) rose 5.1% during trading on Thursday . The stock traded as high as $8.85 and last traded at $9.00. Approximately 294,154 shares changed hands during trading, a decline of 82% from the average daily volume of 1,667,957 shares. The stock had previously closed at $8.56.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HIMX shares. StockNews.com downgraded shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Robert W. Baird upped their price objective on Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.

Himax Technologies Stock Up 1.9 %

The company has a quick ratio of 1.43, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $9.57 and its 200 day moving average price is $7.40. The firm has a market capitalization of $1.52 billion, a PE ratio of 19.41 and a beta of 2.13.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $0.14 earnings per share for the quarter. The company had revenue of $237.22 million for the quarter. Himax Technologies had a return on equity of 9.09% and a net margin of 8.80%.

Himax Technologies declared that its board has authorized a stock repurchase plan on Wednesday, December 4th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the semiconductor company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Himax Technologies

Large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Himax Technologies during the 4th quarter worth $28,000. Barclays PLC increased its stake in shares of Himax Technologies by 38.8% during the 4th quarter. Barclays PLC now owns 4,248 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,187 shares in the last quarter. GAMMA Investing LLC lifted its stake in Himax Technologies by 90.5% in the 4th quarter. GAMMA Investing LLC now owns 10,290 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 4,888 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of Himax Technologies in the fourth quarter worth $83,000. Finally, Foster Group Inc. purchased a new stake in shares of Himax Technologies in the fourth quarter valued at $100,000. Institutional investors and hedge funds own 69.81% of the company’s stock.

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.