Himax Technologies (NASDAQ:HIMX) Trading Up 7.2% – Should You Buy?

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) traded up 7.2% during trading on Wednesday . The company traded as high as $10.08 and last traded at $10.19. 426,348 shares changed hands during trading, a decline of 91% from the average session volume of 4,585,773 shares. The stock had previously closed at $9.50.

Wall Street Analyst Weigh In

A number of brokerages have commented on HIMX. StockNews.com raised Himax Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Robert W. Baird boosted their price objective on Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.

Himax Technologies Trading Up 5.4 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.43. The firm has a fifty day simple moving average of $9.33 and a two-hundred day simple moving average of $7.16. The firm has a market capitalization of $1.75 billion, a P/E ratio of 22.19 and a beta of 2.00.

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

Himax Technologies declared that its board has approved 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 purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Himax Technologies

Institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. lifted its stake in Himax Technologies by 49.6% during 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. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Himax Technologies in the fourth quarter worth approximately $164,000. Public Employees Retirement System of Ohio bought a new position in Himax Technologies during the third quarter valued at approximately $1,125,000. Robeco Institutional Asset Management B.V. raised its position in Himax Technologies by 14.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,909,036 shares of the semiconductor company’s stock worth $15,349,000 after purchasing an additional 243,178 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Himax Technologies by 90.5% in the fourth quarter. GAMMA Investing LLC now owns 10,290 shares of the semiconductor company’s stock worth $83,000 after buying an additional 4,888 shares during the period. 69.81% of the stock is currently 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.