Himax Technologies (NASDAQ:HIMX) Trading Up 5.1% - Here's Why

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

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com lowered Himax Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird raised their target price on shares of Himax Technologies from $7.00 to $15.00 and gave the company an "outperform" rating in a report on Friday, December 13th.

Himax Technologies Trading Up 2.5 %

The company has a current ratio of 1.65, a quick ratio of 1.43 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $9.60 and a 200-day moving average of $7.45. The stock has a market cap of $1.51 billion, a PE ratio of 19.27 and a beta of 2.13.

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

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Himax Technologies declared that its board has authorized a share 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 reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Institutional Trading of Himax Technologies

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC lifted 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 during the period. Stifel Financial Corp lifted its position in Himax Technologies by 0.3% during the fourth quarter. Stifel Financial Corp now owns 471,801 shares of the semiconductor company's stock worth $3,793,000 after buying an additional 1,275 shares during the period. Northern Trust Corp boosted its stake in Himax Technologies by 19.3% in the 4th quarter. Northern Trust Corp now owns 17,439 shares of the semiconductor company's stock worth $140,000 after buying an additional 2,823 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Himax Technologies in the 4th quarter worth about $28,000. Finally, Signaturefd LLC grew its holdings in Himax Technologies by 34.8% in the 4th quarter. Signaturefd LLC now owns 13,437 shares of the semiconductor company's stock valued at $108,000 after buying an additional 3,468 shares during the period. 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.