Himax Technologies (NASDAQ:HIMX) Trading 7.2% Higher – What’s Next?

Himax Technologies, Inc. (NASDAQ:HIMX)’s stock price was up 7.2% during mid-day 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.

Himax Technologies Trading Up 5.1 %

The stock has a 50 day moving average of $5.72 and a 200-day moving average of $6.31. The company has a market capitalization of $943.51 million, a P/E ratio of 12.27 and a beta of 2.10. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03.

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

Institutional Investors Weigh In On Himax Technologies

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in Himax Technologies by 31.2% during the 2nd quarter. Acadian Asset Management LLC now owns 3,369,618 shares of the semiconductor company’s stock valued at $26,728,000 after buying an additional 800,684 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Himax Technologies by 32.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,665,858 shares of the semiconductor company’s stock valued at $9,162,000 after purchasing an additional 407,400 shares in the last quarter. Point72 Asset Management L.P. increased its position in Himax Technologies by 49.6% in the third quarter. Point72 Asset Management L.P. now owns 868,500 shares of the semiconductor company’s stock worth $4,777,000 after purchasing an additional 288,000 shares during the last quarter. Polunin Capital Partners Ltd purchased a new stake in Himax Technologies during the second quarter valued at $6,358,000. Finally, Point72 Hong Kong Ltd bought a new position in Himax Technologies during the second quarter valued at $5,817,000. 69.81% of the stock is owned by institutional investors.

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.