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

Himax Technologies, Inc. (NASDAQ:HIMX)’s share price traded up 7.2% during mid-day trading on Friday . The stock traded as high as $5.53 and last traded at $5.51. 458,499 shares were traded during mid-day trading, a decline of 41% from the average session volume of 783,648 shares. The stock had previously closed at $5.14.

Himax Technologies Trading Up 5.1 %

The company’s 50 day simple moving average is $5.72 and its 200-day simple moving average is $6.31. The firm has a market cap of $943.51 million, a P/E ratio of 12.27 and a beta of 2.10. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.03.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $205.93 million. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS.

Institutional Trading of Himax Technologies

Hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC increased its holdings in shares of Himax Technologies by 33.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,431 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 4,915 shares during the period. Virtu Financial LLC purchased a new position in Himax Technologies in the third quarter valued at about $98,000. Public Employees Retirement System of Ohio bought a new position in Himax Technologies in the third quarter worth about $1,125,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Himax Technologies in the 3rd quarter worth approximately $182,000. Finally, Stifel Financial Corp raised its stake in shares of Himax Technologies by 4.8% during the 3rd quarter. Stifel Financial Corp now owns 470,526 shares of the semiconductor company’s stock worth $2,588,000 after acquiring an additional 21,607 shares in the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

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.