Himax Technologies (NASDAQ:HIMX) Issues Quarterly Earnings Results

Himax Technologies (NASDAQ:HIMX) issued its quarterly earnings data on Thursday. The semiconductor company reported $0.14 earnings per share for the quarter, Zacks reports. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. The firm had revenue of $237,220 billion for the quarter. Himax Technologies updated its Q1 2025 guidance to 0.090-0.110 EPS.

Himax Technologies Stock Up 9.7 %

Himax Technologies stock traded up $0.96 during mid-day trading on Friday, reaching $10.88. The company’s stock had a trading volume of 6,207,140 shares, compared to its average volume of 5,621,411. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 24.73 and a beta of 2.00. Himax Technologies has a 12 month low of $4.80 and a 12 month high of $13.91. The business’s 50 day simple moving average is $8.73 and its 200 day simple moving average is $6.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.64.

Himax Technologies declared that its board has authorized a share repurchase plan on Wednesday, December 4th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird increased their price objective on shares of Himax Technologies from $7.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

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.