Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $9.14, but opened at $10.01. Himax Technologies shares last traded at $10.16, with a volume of 3,350,574 shares.
Analyst Ratings Changes
Separately, Robert W. Baird raised their price objective on Himax Technologies from $7.00 to $15.00 and gave the company an "outperform" rating in a report on Friday, December 13th.
Check Out Our Latest Stock Analysis on HIMX
Himax Technologies Trading Up 9.7 %
The company has a market cap of $1.90 billion, a price-to-earnings ratio of 24.73 and a beta of 2.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37. The business's fifty day moving average price is $8.73 and its 200 day moving average price is $6.78.
Himax Technologies (NASDAQ:HIMX - Get Free Report) last announced its earnings results on Thursday, February 13th. The semiconductor company reported $0.14 EPS for the quarter. The business had revenue of $237.22 million for the quarter. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%.
Himax Technologies declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 4th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the semiconductor company to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Hedge Funds Weigh In On Himax Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Himax Technologies during the 4th quarter valued at about $28,000. Barclays PLC increased its stake in shares of Himax Technologies by 38.8% in the 4th quarter. Barclays PLC now owns 4,248 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 1,187 shares in the last quarter. GAMMA Investing LLC boosted its stake in Himax Technologies by 90.5% during the fourth quarter. GAMMA Investing LLC now owns 10,290 shares of the semiconductor company's stock worth $83,000 after acquiring an additional 4,888 shares in the last quarter. Foster Group Inc. bought a new stake in Himax Technologies in the fourth quarter valued at $100,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Himax Technologies during the fourth quarter valued at about $106,000. Institutional investors and hedge funds own 69.81% of the company's stock.
Himax Technologies Company Profile
(
Get Free Report)
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.
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