Himax Technologies (NASDAQ:HIMX) Announces Earnings Results

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

Himax Technologies Price Performance

NASDAQ:HIMX traded up $1.00 on Friday, hitting $10.92. The company had a trading volume of 3,831,592 shares, compared to its average volume of 5,002,407. The firm has a 50 day moving average of $8.57 and a two-hundred day moving average of $6.73. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 24.82 and a beta of 2.00. Himax Technologies has a 52 week low of $4.80 and a 52 week high of $13.91. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price target on Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, December 13th.

Himax Technologies declared that its board has initiated a share buyback program on Wednesday, December 4th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

About Himax Technologies

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.