Himax Technologies (HIMX) Stock Price, News & Analysis

Company Overview

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. The company also provides automotive IC solutions, including traditional driver ICs; advanced in-cell touch and display driver integration; large touch and display driver integration; and local dimming timing controllers, as well as active matrix organic light-emitting diode (AMOLED) solutions, including AMOLED drivers, timing controllers, and touch controller ICs. In addition, it offers application specific IC services; liquid crystal on silicon and micro-electro mechanical system products; Power ICs; complementary metal oxide semiconductor image sensor products; wafer level optics products; 3D sensing products; and ultralow power WiseEye smart image sensing products. The company markets its display drivers to panel manufacturers, mobile device module manufacturers, and manufacturers of end-use products. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan.

Key Stats

• Today's Range: $7.38 to $7.82
• 50-Day Range: $5.14 to $9.71
• 52-Week Range: $4.80 to $9.80
• Volume: 1.54 million shs
• Average Volume: 941,091 shs
• Market Capitalization: $1.35 billion
• P/E Ratio: 17.55
• Dividend Yield: 3.63%
• Price Target: $15.00
• Consensus Rating: Buy

Himax Technologies Stock Analysis - MarketRank™

Himax Technologies scored higher than 78% of companies evaluated by MarketBeat, and ranked 219th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Himax Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Himax Technologies has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Himax Technologies is 17.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Himax Technologies is 17.55, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.11.

Price to Book Value per Share Ratio

Himax Technologies has a P/B Ratio of 1.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.68% of the outstanding shares of Himax Technologies have been sold short.

Short Interest Ratio / Days to Cover

Himax Technologies has a short interest ratio ("days to cover") of 8.2.

Change versus previous month

Short interest in Himax Technologies has recently increased by 0.16%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Himax Technologies is a leading dividend payer. It pays a dividend yield of 3.62%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Himax Technologies does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Himax Technologies is 63.64%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.68% of the outstanding shares of Himax Technologies have been sold short.

Short Interest Ratio / Days to Cover

Himax Technologies has a short interest ratio ("days to cover") of 8.2.

Change versus previous month

Short interest in Himax Technologies has recently increased by 0.16%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.56

News Sentiment

Himax Technologies has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Himax Technologies this week, compared to 3 articles on an average week.

Search Interest

22 people have searched for HIMX on MarketBeat in the last 30 days. This is an increase of 1,000% compared to the previous 30 days.

MarketBeat Follows

29 people have added Himax Technologies to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Himax Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

31.50% of the stock of Himax Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

69.81% of the stock of Himax Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HIMX Stock Analysis - Frequently Asked Questions

How have HIMX shares performed this year?

Himax Technologies' stock was trading at $6.07 at the start of the year. Since then, HIMX stock has increased by 27.2% and is now trading at $7.72.
View the best growth stocks for 2024 here.

How were Himax Technologies' earnings last quarter?

Himax Technologies, Inc. (NASDAQ:HIMX) released its quarterly earnings results on Thursday, November, 7th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The company's quarterly revenue was down 6.8% compared to the same quarter last year.

Is Himax Technologies doing a stock buyback?

Himax Technologies' Board of Directors authorized a stock buyback program on Wednesday, December 4th 2024, which authorizes the company to buy back $20,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Who are Himax Technologies' major shareholders?

Himax Technologies' top institutional investors include Robeco Institutional Asset Management B.V. (0.95%), Point72 Asset Management L.P. (0.50%), Polunin Capital Partners Ltd (0.45%) and Stifel Financial Corp (0.27%).
View institutional ownership trends.

How do I buy shares of Himax Technologies?

Shares of HIMX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Himax Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Himax Technologies investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), Ford Motor (F), Micron Technology (MU) and Alibaba Group (BABA).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:HIMX
• CUSIP: N/A
• CIK: 1342338
• Web: www.himax.com.tw
• Phone: (866) 505-0880
• Fax: 886-2-2314-0877
• Employees: 2,164
• Year Founded: 2001

Price Target and Rating

• Average Stock Price Target: $15.00
• High Stock Price Target: $15.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +94.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.44
• Trailing P/E Ratio: 17.55
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $50.62 million
• Net Margins: 8.77%
• Pretax Margin: 7.46%
• Return on Equity: 9.06%
• Return on Assets: 4.78%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 1.64
• Quick Ratio: 1.37

Sales & Book Value

• Annual Sales: $897.26 million
• Price / Sales: 1.50
• Cash Flow: $0.50 per share
• Price / Cash Flow: 15.48
• Book Value: $4.95 per share
• Price / Book: 1.56

Miscellaneous

• Outstanding Shares: 174,724,000
• Free Float: 119,686,000
• Market Cap: $1.35 billion
• Optionable: Optionable
• Beta: 2.07