Himax Technologies (NASDAQ:HIMX) Issues Quarterly Earnings Results

Himax Technologies (NASDAQ:HIMX) posted its earnings results on Thursday. The semiconductor company reported $0.14 EPS for the quarter, Zacks reports. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. The business had revenue of $237.22 million for the quarter. Himax Technologies updated its Q1 2025 guidance to 0.090-0.110 EPS.

Himax Technologies Trading Up 9.7 %

Shares of NASDAQ HIMX traded up $0.96 during midday trading on Friday, reaching $10.88. The stock had a trading volume of 6,207,140 shares, compared to its average volume of 5,621,411. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 24.73 and a beta of 2.00. Himax Technologies has a twelve month low of $4.80 and a twelve month high of $13.91. 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 company’s 50 day moving average price is $8.73 and its 200 day moving average price is $6.78.

Himax Technologies declared that its Board of Directors 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 reacquire up to 1.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price target on shares of 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 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.