Himax Technologies (NASDAQ:HIMX) Trading Up 7.2% – Still a Buy?

Himax Technologies, Inc. (NASDAQ:HIMX)’s share price was up 7.2% during trading on Friday . The company traded as high as $5.53 and last traded at $5.51. Approximately 458,499 shares traded hands during trading, a decline of 41% from the average daily volume of 783,648 shares. The stock had previously closed at $5.14.

Analyst Ratings Changes

Separately, StockNews.com lowered Himax Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Himax Technologies Stock Up 5.1 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.64. The firm has a market cap of $943.49 million, a price-to-earnings ratio of 12.52 and a beta of 2.10. The firm has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $6.32.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $222.40 million for the quarter, compared to analyst estimates of $205.93 million. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its position in Himax Technologies by 33.9% during the third quarter. Sanctuary Advisors LLC now owns 19,431 shares of the semiconductor company’s stock worth $102,000 after buying an additional 4,915 shares during the period. Virtu Financial LLC purchased a new position in shares of Himax Technologies in the 3rd quarter valued at approximately $98,000. Public Employees Retirement System of Ohio purchased a new position in shares of Himax Technologies in the 3rd quarter valued at approximately $1,125,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Himax Technologies in the 3rd quarter valued at approximately $182,000. Finally, Stifel Financial Corp grew its stake in shares of Himax Technologies by 4.8% in the 3rd quarter. Stifel Financial Corp now owns 470,526 shares of the semiconductor company’s stock valued at $2,588,000 after purchasing an additional 21,607 shares during the last quarter. 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.