Himax Technologies (NASDAQ:HIMX) Reaches New 12-Month Low at $4.90

Himax Technologies, Inc. (NASDAQ:HIMX)’s stock price hit a new 52-week low on Thursday . The company traded as low as $4.90 and last traded at $4.92, with a volume of 96899 shares. The stock had previously closed at $4.96.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Himax Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th.

Himax Technologies Stock Down 2.8 %

The company has a current ratio of 1.69, a quick ratio of 1.39 and a debt-to-equity ratio of 0.04. The firm has a market cap of $843.92 million, a price-to-earnings ratio of 16.66 and a beta of 2.01. The firm has a 50-day moving average of $5.45 and a two-hundred day moving average of $5.71.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Himax Technologies had a return on equity of 6.42% and a net margin of 5.35%. The business had revenue of $227.70 million during the quarter, compared to analysts’ expectations of $226.80 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue was down 13.2% compared to the same quarter last year.

Hedge Funds Weigh In On Himax Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd increased its stake in Himax Technologies by 3,641.6% during the third quarter. Qube Research & Technologies Ltd now owns 394,851 shares of the semiconductor company’s stock valued at $2,306,000 after acquiring an additional 384,298 shares during the period. Citigroup Inc. increased its stake in Himax Technologies by 24.0% during the third quarter. Citigroup Inc. now owns 45,733 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 8,856 shares during the period. Scotia Capital Inc. increased its stake in Himax Technologies by 11.7% during the third quarter. Scotia Capital Inc. now owns 71,700 shares of the semiconductor company’s stock valued at $419,000 after acquiring an additional 7,500 shares during the period. Stifel Financial Corp increased its stake in Himax Technologies by 1.0% during the third quarter. Stifel Financial Corp now owns 433,880 shares of the semiconductor company’s stock valued at $2,534,000 after acquiring an additional 4,251 shares during the period. Finally, QRG Capital Management Inc. bought a new position in Himax Technologies during the third quarter valued at about $228,000. 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, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.